823 Hyperion Avenue
Los Angeles, CA 90029
7,503Sqft(Lot)
PRICE REDUCED! We are pleased to present a prime R3, TOC Tier 3 development opportunity in the heart of Silver Lake! Located just steps from the highly desirable Sunset Junction, this vacant 7,500 SF lot offers exceptional upside in one of Los Angeles' most in-demand rental markets. The property allows for the development of 9 units by right, or up to 21 units utilizing TOC Tier 3 incentives, plus potential ADUs (buyer to verify). The site features ideal 50' x 150' lot dimensions, and key pre-development work has already been completed, including rough grading, survey, and soils report, providing meaningful savings in both time and upfront costs. With no existing structures, the site offers a rare opportunity to avoid rent stabilization, tenant relocation, and demolition expenses. The prop
Property Details
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Features
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Bathroom Information
Total Baths: 0 Full Baths: 0 Half Baths: 0
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Lot Details
Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1722 Lot Size Dimensions: 50x150 -
Lot Size Source: Vendor Enhanced Lot Size Square Feet: 7503
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Listing Price Information
Original List Price: 1,350,000 Listing Contract Date: 2026-01-14 -
Lease Information
Listing Agreement: Exclusive Right To Sell
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Tax Information
Parcel Number: 5427009010
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Other Property Info
Source Listing Status: Active Source Neighborhood: C21 - Silver Lake - Echo Park Postal Code Plus 4: 3105 Directions: East of Hoover St, West of Sunset Blvd, North of Marathon St, South of Santa Monica Blvd. Zoning: LAR3 Source Property Type: Land Area: C21 - Silver Lake - Echo Park
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1108 Manzanita Street, Los Angeles, CA, 90029 | $2,350,000 | -- | -- | -- | 7,688 Sqft(Lot) |
| 4632 Lexington Avenue #5, Los Angeles, CA, 90029 | $1,275,000 | -- | -- | -- | 8,269 Sqft(Lot) |
| 1165 N Berendo Street, Los Angeles, CA, 90029 | $985,000 | -- | -- | -- | 6,752 Sqft(Lot) |
| 1022 N Ardmore Avenue, Los Angeles, CA, 90029 | $2,499,999 | -- | -- | -- | 8,917 Sqft(Lot) |
| 5301 Sierra Vista, Los Angeles, CA, 90029 | $6,000,000 | -- | -- | -- | 19,114 Sqft(Lot) |
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ByOwner last updated this listing 06/09/2026 @ 10:55
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