816 Hyperion Avenue, Los Angeles, California 90029, Los Angeles, 90029 - 5 bed, 3 bath

816 Hyperion Avenue, Los Angeles, California 90029 home-pic-0
ACTIVE$1,995,000
816 Hyperion Avenue, Los Angeles, California 90029
5Beds
3Baths
2,743Sqft
6,828Lot

Price Vs. Estimate

The estimated value ($1,799,840.07) is $195,159.93 (9%) lower than the list price ($1,995,000). This property may be overpriced.

Key pros and cons

Top Pros:
Prime Location & Walkability: Situated in the highly sought-after Silver Lake district, offering excellent walkability to Sunset Junction, cafes, boutiques, restaurants, and creative studios, with quick access to major LA hubs and upcoming Olympic venues.
Top Cons:
Age of Property: Built in 1939, while described as well-maintained, older properties can incur higher maintenance costs or require updates to core systems (e.g., plumbing, electrical, HVAC) that are not explicitly detailed as upgraded.

Compared to the nearby listings

Price:$2.00M vs avg $990.0K (+$1,005,000)90%
Size:2,743 sqft vs avg 1,600 sqft90%
Price/sqft:$727 vs avg $67076%

More Insights

Built in 1939 (86 years old).
Condition: Built in 1939, this property has clearly undergone significant renovations, making it move-in ready. The images reveal updated hardwood flooring, modern light fixtures, and a kitchen with distinct teal cabinetry and light countertops that appear well-maintained, though the style might not be brand new. The description mentions a 'spa-inspired bathroom' and 'modern conveniences' like EV charging, indicating substantial updates. While not a brand-new build or a full renovation within the last 5 years, the property is in excellent condition for its age, with systems appearing well-maintained and minimal wear and tear, aligning with a 'Good' rating.
Year Built
1939
Close
-
List price
$2M
Original List price
$2M
Price/Sqft
$727
HOA
-
Days on market
-
Sold On
-
MLS number
25595465
Home ConditionGood
Features
Good View: City Lights, Hills, Mountain(s)
Deck
Patio
ViewCity Lights,Hills,Mountain(s)

About this home

Located in the heart of Silver Lake, one of Los Angeles' most vibrant creative districts, this beautifully maintained Spanish residence offers charm and timeless character, inspiring Hollywood Sign views, and a flexible floor plan ideal for creative living, multi-generational arrangements, or private studio work. The main level features a bright living area with French doors to a large balcony, a sun-filled primary suite with custom closets and a spa-inspired bathroom, plus two additional bedrooms on the same floor. A second en-suite bedroom opens directly to the patio and lush fruit garden, and a private lounge area, creating a perfect setting for indoor-outdoor living and entertaining. The lower level includes two more bedrooms with a private entrance, perfect for use as a recording/production studio, workspace, guest suite, or rental income (local regulations apply). The home also includes a large two-car garage with EV charging and is zoned LARD2, offering future development potential. Just a short walk to Sunset Junction, cafes, boutiques, restaurants, and creative studios, and minutes to Hollywood, Griffith Observatory, Downtown LA, major film/entertainment hubs, and upcoming Olympic venues, this residence is uniquely positioned for long-term value and increasing global demand.

Price History

Date
Event
Price
12/23/15
Sold
$1,207,000
08/25/09
Sold
$769,000
11/14/02
Sold
$460,000
Condition Rating
Good

Built in 1939, this property has clearly undergone significant renovations, making it move-in ready. The images reveal updated hardwood flooring, modern light fixtures, and a kitchen with distinct teal cabinetry and light countertops that appear well-maintained, though the style might not be brand new. The description mentions a 'spa-inspired bathroom' and 'modern conveniences' like EV charging, indicating substantial updates. While not a brand-new build or a full renovation within the last 5 years, the property is in excellent condition for its age, with systems appearing well-maintained and minimal wear and tear, aligning with a 'Good' rating.
Pros & Cons

Pros

Prime Location & Walkability: Situated in the highly sought-after Silver Lake district, offering excellent walkability to Sunset Junction, cafes, boutiques, restaurants, and creative studios, with quick access to major LA hubs and upcoming Olympic venues.
Flexible Floor Plan & Income Potential: The versatile layout accommodates creative living, multi-generational arrangements, or private studio work, with a separate lower level ideal for a guest suite or potential rental income (subject to local regulations).
Development Potential: Zoned LARD2, the property offers significant future development potential, enhancing its long-term value and investment appeal.
Desirable Views: The residence boasts inspiring Hollywood Sign views, complemented by panoramic city lights, hills, and mountain vistas.
Charming & Well-Maintained: A beautifully maintained Spanish residence from 1939, retaining its timeless character while featuring modern conveniences like a large two-car garage with EV charging and a lush fruit garden.

Cons

Age of Property: Built in 1939, while described as well-maintained, older properties can incur higher maintenance costs or require updates to core systems (e.g., plumbing, electrical, HVAC) that are not explicitly detailed as upgraded.
Potential for Noise: Its location in a 'vibrant creative district' and 'short walk to Sunset Junction' suggests proximity to commercial activity and nightlife, which could lead to increased ambient noise levels.
Listing Price vs. Estimation: The current listing price is 6% above the property's estimated value, which may suggest it is priced slightly high relative to current market valuations.

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