Request More Info
Schedule a Showing
Share
Print
|
Aegis Management, Inc. is pleased to offer this unique development opportunity in one of Los Angeles' most desirable neighborhoods to market for $2,000,000! The subject property is located on Hyperion Street, one block west of Griffith Park Boulevard, just south of theTracy Street / Hyperion Avenue "Y" Intersection, about three (3) blocks west of the actual Silver Lake Reservoir, within the Silver Lake community of Los Angeles. The 10,058 sq. foot-lot is zoned C2-1VL allowing by right a variety of uses including apartments as well as office, retail, warehouse and other commercial uses. The existing site consists of a vacant office property, and a metal storage warehouse, both of which will be vacant at the close of escrow. One of the commercial spaces is currently leased to an auto upholstery tenant who pays $1,500 / month on a month to month tenancy. There is also a billboard lease on site which pays $200 / month. Hyperion Ave is a major thoroughfare in the popular Silver Lake neighborhood which continues to be in high demand due to it's cultural vibrancy and attractive infrastructure including parks, green space and excellent freeway accessibility. 61% of Silver Lake residents are under the age of 44 and 63% of residents hold a bachelor's degree or higher per Niche.com. Also per Niche.com, 61% of residents rent their homes, and this affluent renter should facilitate increased rental growth and demand as well as property appreciation well into the future. Do not miss this opportunity to develop in one of LA's hottest neighborhoods at an attractive price!
Property Type(s):
Commercial
| Last Updated | 8/17/2025 | Year Built | 1948 |
|---|---|---|---|
| Community | C21 - Silver Lake - Echo Park | County | Los Angeles |
Additional Details
| AREA | C21 - Silver Lake - Echo Park |
|---|---|
| LOT | 10058 sq ft |
Location
Contact us about this Property
| / | |
| We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Carie Webber to contact you even if your name is on a Federal or State "Do not call List". | |
Listed with Aegis Management, Inc.
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2025.
Twitter
Facebook
Email