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  • 823 Hyperion Avenue

823 Hyperion Avenue, Los Angeles, CA 90029

$1,350,000 Approx. USD 0 beds, 0 baths

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Photo of Sarah Barkstelle

Sarah Barkstelle REALTOR® - Sales Associate 818-391-4770 m
818-380-2128 o
818-386-9007 f
Lic#: 01784597
NRDS ID: 207057968
sbarkstelle@bhhscal.com Text Me
Call My Cell
Call My Office
818-386-9007 f
Lic#: 01784597
NRDS ID: 207057968
sbarkstelle@bhhscal.com Sherman Oaks Office
14141 Ventura Blvd., Ste. 8
Sherman Oaks, CA 91423
Phone: 818-528-3200
Fax: 818-386-9007
 Sherman Oaks 14141 Ventura Blvd., Ste. 8
Sherman Oaks, CA 91423
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Listing Agent


Daniel Shamooelian | daniel@dsrealestate.com
Lic#: 01984269
Broker: Courtesy of Keller Williams Beverly Hills
Phone: 310-651-1800

Agent Remarks

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 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!

Listing Details

Property type: (Lots/Land)
Status: Active
MLS# 26637415
List price is $1,350,000 Reduced by $250,000 on 2/18/2026
Price: $1,350,000
Beds: 0
Baths: 0
0.17 acres
Lot size: 0.1722
County: Los Angeles
Zoning: LAR3
MLS area: C21 - Silver Lake - Echo Park

Last Updated: 6/24/2026

 Days On Market (DOM): 163

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This listing belongs to the C21 - Silver Lake - Echo Park MLS area

Lat/Long: 34.086514, -118.283641.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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Photo of Sarah Barkstelle

Sarah Barkstelle REALTOR® - Sales Associate 818-391-4770 m
818-380-2128 o
818-386-9007 f
Lic#: 01784597
NRDS ID: 207057968
sbarkstelle@bhhscal.com Text Me
Call My Cell
Call My Office
818-386-9007 f
Lic#: 01784597
NRDS ID: 207057968
sbarkstelle@bhhscal.com
Sherman Oaks Office
14141 Ventura Blvd., Ste. 8
Sherman Oaks, CA 91423
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