Real Estate Listings & Homes for Sale
1820 Hyperion Avenue Los Angeles, CA 90027
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Monthly Payment (Est.)$14,910
PRICE REDUCTION by $225,000 and possibility of commercial unit being delivered 100% vacant or partially vacant for owner/users. With recent capital improvements of over $250,000, this mixed-use asset has strong commercial and residential tenancy with stabilized rental income, boasting a current cap rate of 5.38% (including immediate opportunity for billboard income). The commercial unit, occupied by Casetta Group, a leading hospitality brand and management company, is a 2,474 SF office building with modern and eclectic restorations composed of beautiful flooring and expansive street facing windows providing an abundance of natural light, and conveniently on a NNN lease. The residential unit is an exquisite 1,200 SF 2 bedroom + 1 bathroom Artist Loft (utilizing a CUP) with a full kitchen and laundry hook ups with stunning wood work all throughout. The investment is strategically located on Hyperion Blvd with mountain views and boasts significant in-place returns with excellent tenancy in place with minimal landlord responsibilities. A new owner will be able assume over $1.1M in assignable seller financing that is available with 22 months remaining, interest-only, at 0.50%. Buyer to verify any/all information including but not limited to the zoning, building square footage, lot size, Conditional Use Permit CUP, etc. Agents and brokers do not make any guarantees or representations to the accuracy of any of the information provided herein.
|2 weeks ago||Listing updated with changes from the MLS|
|2 months ago||Price changed to $2,275,000|
|3 months ago||Price changed to $2,425,000|
|8 months ago||Listing first seen online|