938 Hyperion Avenue, Los Angeles, California 90029, Los Angeles, 90029 - 2 bed, 1 bath
938 Hyperion Avenue
Los Angeles, California 90029
Property Price
SUMMARY
Analysis of 938 Hyperion Avenue, Los Angeles, California 90029 reveals a property with a current list price of $899,000, which is 6% above the estimated $844,159 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 938 Hyperion Avenue Subject | $899,000* List Price | 2 | 1 | 1,045 | $808 | - |
A 1175 N Commonwealth Avenue Sold | $945,000 | 3 | 2 | 1,236 | $765 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1941, the property's description explicitly states the existing single-family home 'likely requires extensive renovation or demolition.' The lack of any interior images, particularly of the kitchen and bathroom, strongly suggests these areas are in very poor, outdated condition, likely original or last renovated decades ago. The exterior shows significant age and wear, and the overall listing emphasizes the value of the large lot for redevelopment rather than the existing structure. This aligns with a 'poor' condition, requiring substantial repairs and rehabilitation.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7320, living area = 1045.
- Premier Location
Unbeatable Silver Lake location, steps from Sunset Junction, offering exceptional walkability and access to high-end amenities like Erewhon, Intelligentsia, and the Farmers' Market.
- Significant Lot Size
An expansive, nearly 7,500 sq. ft. premier lot, a rare and valuable asset in a dense urban environment, providing ample space for development.
CONSRISKS & DEFICIENCIES
- Tenant Occupancy & Low Rent
Property is sold subject to existing tenants and will not be delivered vacant, complicated by a below-market rental income of $1,900/month, posing challenges for immediate owner-occupancy or redevelopment.
- Complex Probate Process
Requires court confirmation with a specific future date (February 24, 2026) and a minimum overbid, indicating a potentially lengthy, competitive, and administratively complex transaction.
- Existing Structure Condition/Age
The 1941-built single-family home (1045 sqft) likely requires extensive renovation or demolition, adding substantial costs and effort for any buyer aiming to capitalize on the lot's development potential.
About 938 Hyperion Avenue
**Court Confirmation is set for February 24, 2026 at 8:30 AM in Probate Department 99 at 111 North Hill Street, Los Angeles, CA 90012. Please complete the form and attached the requiered documents using the Overbidders Portal [https://wkf.ms/461ig3Q] The minimum overbid shall be $961,250. Qualified overbidders must bring a cashier's check for 10% of the total purchase price made payable to "Estate of Aurora Ng."**Probate sale with court confirmation required. Presenting a rare and extraordinary opportunity to build a landmark property in the heart of Silver Lake. This is an expansive, nearly 7,500 sq. ft. premier lot with an existing single family home on the site. The property's value is magnified by its unbeatable location, situated just moments from the iconic Sunset Junction. Immerse yourself in one of LA's most dynamic and walkable neighborhoods, with Erewhon, Intelligentsia, the Silver Lake Farmers' Market, and countless acclaimed restaurants and boutiques just a short stroll away. This is more than just land; it's the chance to create a legacy property in an A+ location. An unparalleled opportunity for the discerning developer or future homeowner. *Sold subject to tenants-in-place and will not be delivered vacant at close of escrow. Current rental amount is $1,900/month**
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1941
- Lot Size
- 7,320 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 27% |
| Baths | 1.0 | 2.0 | 20% |
| Square foot | 1,045 | 1,545 | 13% |
| Lot Size | 7,320 | 5,596 | 87% |
| Price | $899.0K | $1.00M | 27% |
| Price per sq ft | $860 | $714 | 87% |
| Built year | 1941 | 1918 | 80% |
| HOA | $0 | $0 | 50% |
| Days on market | 84 | 171 | 20% |
Pricing History
Listed for Sale
Dec 12, 2025
$899,000
Initial Listing