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    Silver Lake Development Opportunity

    823 Hyperion Ave Los Angeles, CA 90029

    823 Hyperion Ave, Los Angeles, CA, 90029
    $1,350,000
    For Sale
    Claim this Listing
    $1,350,000

    LAND - Los Angeles, CA

    Lot Size0.17 Acres
    AddedJan 14
    Days on Market181
    Last RefreshJul 14 at 12:06 pm

    Property Features for 823 Hyperion Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    LAR3
    Standard status
    Active
    APN
    5427-009-010
    Lot size
    0.17 Acres

    Listing agent Daniel Shamooelian License #01984269

    Listing office Keller Williams Beverly Hills 439 N Canon Dr. Suite 300, Beverly HIlls, CA

    Listing date Jan 14, 2026

    MLS# 26637415 Listing URL

    Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Investment Insights

    Based on property information with market context.

    This vacant 7,500 square foot lot is located in Silver Lake, steps from Sunset Junction. The property is zoned R3 and is a TOC Tier 3 development opportunity. The site allows for the development of 9 units by right, or up to 21 units utilizing TOC Tier 3 incentives, plus potential ADUs. The lot dimensions are 50' x 150'. Key pre-development work has already been completed, including rough grading, survey, and soils report. There are no existing structures on the site. The property may also be well-suited for a 100% affordable ED1 project. The area benefits from strong rental demand, with nearby lease comps averaging approximately $3.50 per square foot. The location provides convenient access to Echo Park, Koreatown, and Downtown Los Angeles, and is just moments from the restaurants, cafes, entertainment, and shopping along Sunset Boulevard. The property is located in Los Angeles, CA.

    Key Highlights

    • Prime R3, TOC Tier 3 development opportunity in Silver Lake, steps from Sunset Junction.
    • Potential to build up to 21 units utilizing TOC Tier 3 incentives, plus potential ADUs (buyer to verify).
    • Vacant 7,500 SF lot with ideal 50' x 150' dimensions.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Law Firm Real Estate Agency Travel Agency Computer & Electronic Repair Accounting Firm Locksmith Tech Support Center Tanning Salon (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store

    Zoning and permitted uses should be independently verified with local authorities.

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    FAQs

    What type of property is this?
    Residential land & home lot - Vacant 7,500 SF lot near Sunset Junction.
    Where is this residential land & home lot located?
    The property is located at 823 Hyperion Ave Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $1,350,000.
    What are key features of this property?
    This property features: Prime R3, TOC Tier 3 development opportunity in Silver Lake, steps from Sunset Junction.; Potential to build up to 21 units utilizing TOC Tier 3 incentives, plus potential ADUs (buyer to verify).; Vacant 7,500 SF lot with ideal 50' x 150' dimensions.
    Contact an agent
    (310) 651-1800
    We can help!
    Contact an agent
    Daniel Shamooelian
    Real Estate License ID: 01984269
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