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946 Hyperion Avenue

Los Angeles, CA 90029
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Bed 6

Bed

Bath 5

Bath

SqFt2,318

Sqft

SqFt7,354

Sqft(Lot)

A rare four-unit property in the sought-after Silver Lake neighborhood, this distinctive compound features four freestanding bungalows, private outdoor spaces, and six on-site parking spaces just moments from Sunset Boulevard. The configuration includes two 2-bed bungalows (Units 946 and 946 3/4 ) and two 1-bed bungalows (Units 948 and 948 1/2), with the rear 2-bed, 1-bath residence (Unit 946 3/4) currently vacant and available for an owner-user or immediate lease-up. Current gross rental income is $6,405 per month ($76,860 annually), with projected market rents of approximately $10,500 per month ($126,000 annually), offering compelling flexibility and upside in one of Los Angeles' most desirable rental markets. At the front of the property, Unit 946 sits privately behind mature hedging an d features 2 beds, 2 baths, and its own outdoor area. Beyond the wrought-iron gate, a shared sitting area provides a welcoming central gathering space, while Unit 948, a 1-bed, 1-bath bungalow, sits separately to the left. Further into the property, the vacant Unit 946 3/4 offers 2 beds and 1 bath and has recently been refreshed with new bamboo flooring and fresh interior paint. The spacious kitchen features abundant cabinetry and granite countertops, while both bedrooms are generously proportioned. The bathroom retains a classic clawfoot tub with shower, and an in-unit washer and dryer adds convenience. Direct access from both the kitchen and rear bedroom leads to a private gated outdoor area with a covered pergola, creating an additional extension of the living space. Unit 948 1/2, a 1 bed, 1 bath bungalow, is also positioned toward the rear of the property and includes its own private backyard patio. Additional amenities include a shared outdoor laundry area, communal sitting space, and a front parking lot with six dedicated spaces - an especially valuable feature in this central Silver Lake location. With four separate residences rather than a traditional multi-unit configuration, the property offers numerous possibilities for an investor, an owner-user, or a multi-generational household. The vacant rear bungalow provides immediate flexibility, while the existing income and potential market rents offer an opportunity to further optimize the property over time. Ideally located near Sunset Boulevard and some of Silver Lake's most popular destinations, including Bacari, Erewhon, and Intelligentsia, the property offers convenient access to neighborhood cafes, restaurants, shopping, and nearby outdoor recreation.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $1,595,000

AD Id : 90492287

MLS Id : 26881833

Beds : 6

Lot Size : 7,354 Sqft

Living Area Size : 2,318

Year Built : 1920

County : Los Angeles

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Feature Features

  • Bedroom Information

    Total beds: 6

    Bathroom Information

    Total Baths: 5
  • Interior Features

    Appliances: Refrigerator, Dryer, Washer

  • Building Information

    Year Built: 1920
    Building Area Total: 2318
    Stories: 1
    Pool Features: None
    Private Pool: No

  • Lot Information

    Main Square Feet: 7354 Lot Size Acres: 0.1688 Lot Size Square Feet: 7,354

  • Listing Price Information

    Listing Price: $1595000

  • Tax Information

    Parcel Number: 5427013021

  • Location Information

    Direction: www.google.com/maps
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1149 Manzanita Street, Los Angeles, CA, 90029 $1,189,000 2 1 1,052 3,438 Sqft
1125 Sanborn Avenue, Los Angeles, CA, 90029 $1,769,000 3 3 1,977 2,013 Sqft
4202 Lexington Avenue, Los Angeles, CA, 90029 $1,400,000 10 6 4,264 4,200 Sqft
4308 Gateway Ave, Los Angeles, CA, 90029 $1,950,000 -- -- 3,444 5,252 Sqft
4326 Gateway Avenue, Los Angeles, CA, 90029 $1,675,000 4 -- 3,237 7,056 Sqft
832 Hyperion Avenue, Los Angeles, CA, 90029 $2,250,000 10 6 4,785 7,645 Sqft
1135 N Commonwealth Ave.., Los Angeles, CA, 90029 $1,299,995 3 3 1,571 6,252 Sqft
760 N Arthur Road, Los Angeles, CA, 90029 $1,995,000 3 3 2,538 2,888 Sqft
4523 Lexington Avenue, Los Angeles, CA, 90029 $1,075,000 3 2 1,184 4,001 Sqft
4603 La Mirada Avenue, Los Angeles, CA, 90029 $4,450,000 10 10 5,082 13,068 Sqft

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information 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 Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 09/04/2026 @ 03:13

MLS: 26881833 LISTED BY: Lori Harris, Keller Williams Realty Los Feliz 323-300-1000 SOURCE: CRMLS

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