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2829 Hyperion Avenue, Los Angeles, CA 90027

Commercial property

2829 Hyperion Avenue, Los Angeles, CA 90027 Sold March 2025 CRMLS
$6,550,000Sold March 2025

Listing Agent: Oron Maher (DRE #01299093) · Listing Office: Maher Commercial Realty · Contact: 310-464-1453 · Bought with: Oron Maher · Maher Commercial Realty · MLS #24350241 · Source: CRMLS

9,884
Building Sq Ft
8
Units
$511,185
NOI
17,246 sqft
Lot Size
1986
Year Built
C4-1D
Zoning
Commercial property
Type

About this commercial property

This signalized corner retail center presents an investor a unique opportunity to add-value to one of the hippest corners in Silver Lake, surrounded by major grocery tenants, restaurants, bars, and high walking traffic count. The subject building is +/- 10,340 square feet (per CoStar) and situated on a +/- 17,000 square foot parcel of land. The center is currently 50% vacant with the remaining tenant leases expiring in 2025 through 2026, adding significant value-add potential. The center is anchored by Pink Berry, and also includes a popular coffee shop, and veterinary clinic, and a pet store. Excellent opportunity to add additional food, entertainment, fitness, or other uses that will play to the strong retail demand and demographics of this neighborhood. Due to a covenant recorded against the title, this property is not a candidate for residential development at this time.

Listing description from the March 2025 sale, as reported to CRMLS.

Sale history

$6,550,000
Sold March 2025 · listed $6,750,000, orig. $9,849,999, on market January 2024 · MLS #24350241 · Source: CRMLS
Listing Agent: Oron Maher · Listing Office: Maher Commercial Realty · Contact: 310-464-1453 · Bought with: Oron Maher · Maher Commercial Realty
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