823 Hyperion Avenue, Los Angeles, CA 90029

Local realty services provided by:ERA Carlile Realty Group
823 Hyperion Avenue,Los Angeles, CA 90029
$1,600,000
  • 0.17 Acres
  • Lots / Land
  • Active
Listed by: daniel shamooelian
Office: keller williams beverly hills
MLS#:26637415
Source:CRMLS

Price summary

  • Price:$1,600,000

About this home

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

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Home facts

  • Listing ID #:26637415
  • Added:2 day(s) ago
  • Updated:January 15, 2026 at 01:16 PM

Structure and exterior

  • Lot area:0.17 Acres

Finances and disclosures

  • Price:$1,600,000
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