842 Hyperion Ave Los Angeles, CA 90029

This exceptional investment opportunity presents a four-unit apartment building located at 842 Hyperion Avenue in Los Angeles, California. Built in 1926, this well-maintained property boasts a desirable location in the coveted Silver Lake neighborhood. The building features four spacious two-bedroom, one-bathroom units, each with its own private one-car garage directly accessible from the street and in-unit laundry hookups. Currently operating at 100% occupancy with reliable tenants, the property generates a strong NOI of $84,390. A pro-forma NOI of $130,704 indicates significant value-add potential. The asking price is $1,995,000, translating to $498,750 per unit. The property sits on a 7,606 square foot lot and is zoned LARD2. The building is a two-story structure with a secure gated entrance and call box. This is a fantastic opportunity for investors seeking a value-add investment in a prime Los Angeles location. The property is offered as-is and is suitable for a 1031 exchange. Financial information includes a current cap rate of 4.23% and a pro-forma cap rate of 6.55%. The property is not subject to a ground lease. The Los Angeles County Assessor's Parcel Number (APN) is 5427-012-021.