946 Hyperion Avenue, Los Angeles, CA 90029
Local realty services provided by:Better Homes and Gardens Real Estate Royal & Associates
946 Hyperion Avenue,Los Angeles, CA 90029
$1,495,000
- 6 Beds
- - Baths
- 2,318 sq. ft.
- Multi-family
- Active
Listed by: lori harris, megan smith
Office: keller williams realty los feliz
MLS#:CL26881833
Source:Bay East, CCAR, bridgeMLS
Price summary
- Price:$1,495,000
- Price per sq. ft.:$644.95
About this home
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 and 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,...
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Home facts
- Year built:1920
- Listing ID #:CL26881833
- Added:31 day(s) ago
- Updated:September 28, 2026 at 03:00 PM
Rooms and interior
- Bedrooms:6
- Living area:2,318 sq. ft.
Structure and exterior
- Year built:1920
- Building area:2,318 sq. ft.
- Lot area:0.17 Acres
Finances and disclosures
- Price:$1,495,000
- Price per sq. ft.:$644.95
Features and amenities
- Laundry features:Dryer, Washer
Bay East 2026. CCAR 2026 bridgeMLS 2026. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at September 28, 2026New listings near 946 Hyperion Avenue
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