Northmarq, as the exclusive listing agent, is pleased to present the opportunity to purchase 825-837 Hyperion Avenue – a rare mid-size Readyto-Issue permit multifamily development opportunity located in the heart of Silverlake. The three-parcel offering totals 22,651 square feet (.52 acres) and is zoned R3-1VL. The project is fully entitled and can be delivered with Ready-to-Issue (“RTI”) permits to construct a boutique-luxury 51-unit apartment community. Hyperion Residences was thoughtfully designed with market rate units comprised of (21) 1-bedroom units, (21) two-bedroom units, and four (4) 3-bedroom units. In addition, five units have been set aside as affordable units (2) 1-bedrooms, (2) 2-bedrooms, and (1) 3-bedroom unit. Additionally, the existing site offers flexibility for re-entitlement with the usage of CHIP incentives to add additional floor area and height with zero density controls under Los Angeles’ newly approved housing ordinance.