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MaryLou Adame-Martinez

marylou@teammarylou.com +1(949) 690-7149

$ 1,600,000

Est. payment -/mo

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Active

823 Hyperion AVE Los Angeles, CA 90029

7,501 Sqft Lot

UPDATED:

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 26637415

HOA Y/N No

Lot Size 7,501 Sqft

Property Description

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 property may also be well-suited for a 100% affordable ED1 project, offering additional flexibility and potential entitlement advantages. Surrounded by significant new development, the area benefits from strong rental demand, with nearby lease comps averaging approximately $3.50 per square foot. The location provides convenient access to Echo Park, Koreatown, Downtown Los Angeles, and is just moments from the vibrant restaurants, cafes, entertainment, and shopping along Sunset Boulevard. Do not miss this exceptional opportunity to build in one of Los Angeles' most desirable and supply-constrained neighborhoods. Buyer to verify all zoning, density, and development potential with LADBS. Contact listing agent for additional details!

Location

State CA

County Los Angeles

Area C21 - Silver Lake - Echo Park

Zoning LAR3

Interior

Fireplace No

Exterior

View Y/N Yes

View City Lights

Building

New Construction No

Others

Senior Community No

Tax ID 5427009010

Special Listing Condition Standard

Listed by Daniel Shamooelian Keller Williams Beverly Hills

SCHOOLSPROPERTIES

Elementary Schools 20

10

Ivanhoe Elementary

Public | KG - 5
9

Citizens of the World Charter

Public | KG - 8
9

Equitas Academy Charter

Public | KG - 5
9

Gabriella Charter

Public | KG - 8
8

Los Feliz STEMM Magnet School

Public | KG - 6
8

Hoover Street Elementary

Public | KG - 5
8

Franklin Avenue Elementary

Public | KG - 5
8

Clifford Street Math & Technology Magent

Public | KG - 6
8

Allesandro Elementary School

Public | PK - 5
7

Cheremoya Avenue School

Public | PK - 6
7

Hollywood Primary Center

Public | KG - 3
7

Dr. Sammy Lee Medical and Health Science Magnet

Public | KG - 5
7

Equitas Academy Charter #2

Public | 5 - 8
7

Celerity Octavia Charter

Public | KG - 8
7

Dorris Place Elementary

Public | KG - 6
6

Wilshire Park Elementary

Public | KG - 5
6

Van Ness Avenue Elementary

Public | KG - 5
6

Kim Elementary School

Public | KG - 5
6

Cahuenga Elementary School

Public | KG - 5
6

Micheltorena Elementary

Public | KG - 5

Middle Schools 20

8

Rise Kohyang Middle School

Public | 6 - 8
6

Virgil Middle School

Public | 6 - 8
6

Thomas Starr King Middle School

Public | 6 - 8
6

Irving STEAM Magnet

Public | 6 - 8
5

Pico Pico Middle School

Public | 6 - 8
4

Joseph Le Conte Middle School

Public | 6 - 8
4

RFK Community Schools - Ambassador School of Global Leadership

Public | 6 - 12
4

Los Angeles Academy of Arts & Enterprise Charter

Public | 6 - 12
4

Vista Charter Middle School

Public | 6 - 8
2

Monsenor Oscar Romero Charter Middle School

Public | 6 - 8
1

Johnnie Cochran Jr. Middle School

Public | 6 - 8
1

Apex Academy

Public | 7 - 12
1

Berendo Middle School

Public | 6 - 8
1

Young Oak Kim Academy

Public | 6 - 8
1

John Liechty Middle School

Public | 6 - 8
1

Sal Castro Middle School

Public | 6 - 8
0

The Episcopal School of los Angeles

Private | 6 - 9
0

Marlborough School

Private | 7 - 12
0

Richard A. Alonzo Community Day

Public | 7 - 12
0

Immaculate Heart High School & Middle School

Private | 6 - 12

High Schools 20

9

Downtown Business High School

Public | 9 - 12
8

John Marshall High School

Public | 9 - 12
8

Alliance Environmental Science and Technology High School

Public | 9 - 12
7

STEM Academy of Hollywood

Public | 9 - 12
7

Central City Value

Public | 9 - 12
7

Camino Nuevo High No. 2

Public | 9 - 12
7

Alliance College-Ready Academy High No. 16

Public | 9 - 12
7

Ramon C. Cortines School of Visual and Performing

Public | 9 - 12
6

Usc Hybrid High School

Public | 9 - 12
5

Belmont Sh-la Teacher Preparatory Academy

Public | 9 - 12
5

Camino Nuevo Charter High School

Public | 9 - 12
5

Roybal Learning Center

Public | 9 - 12
4

RFK Community Schools - Los Angeles High School of the Arts

Public | 9 - 12
4

Miguel Contreras Learning Complex - School of Business & Tourism

Public | 9 - 12
3

Belmont High School

Public | 9 - 12
3

Miguel Contreras Learning Complex - Academic Leadership Community

Public | 9 - 12
2

Miguel Contreras Learning Complex - School of Global Studies

Public | 9 - 12
1

Helen Bernstein High School

Public | 9 - 12
1

RFK Community Schools - School for the Visual Arts & Humanities

Public | 9 - 12
1

Miguel Contreras Learning Complex - School of Social Justice

Public | 9 - 12

School and business data provided by Attom Data.

MaryLou Adame-Martinez

823 Hyperion AVE Los Angeles, CA 90029

Key Details

Location

Interior

Exterior

Building

Others

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823 Hyperion AVE