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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Map
What's Nearby
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Features
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Lot Information
Lot Dimensions: 50x150 Main Square Feet: 7503 Lot Size Acres: 0.1722 Lot Size Square Feet: 7,503
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Listing Price Information
Listing Price: $1350000Original Price: $1600000
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Tax Information
Parcel Number: 5427009010
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Location Information
Direction: East of Hoover St, West of Sunset Blvd, North of Marathon St, South of Santa Monica Blvd.
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1108 Manzanita Street, Los Angeles, CA, 90029 | $2,250,000 | -- | -- | -- | 7,688 Sqft(Lot) |
| 1127 N Normandie, Los Angeles, CA, 90029 | $849,000 | -- | -- | -- | 5,352 Sqft(Lot) |
| 1020 N Ardmore Avenue, Los Angeles, CA, 90029 | $2,299,999 | -- | -- | -- | 8,917 Sqft(Lot) |
| 926 N Kingsley Drive, Los Angeles, CA, 90029 | $1,050,000 | -- | -- | -- | 8,683 Sqft(Lot) |
| 5432 Virginia Avenue, Los Angeles, CA, 90029 | $4,490,000 | -- | -- | -- | 14,992 Sqft(Lot) |
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ByOwner last updated this listing 07/26/2026 @ 10:02
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