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4/15/25
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Bolour Associates Inc has acquired a 9.9k sf, high-profile neighborhood retail center in Los Angeles’ Silver Lake neighborhood for $6.55 mil ($662/sf). The purchase is viewed as a value-add investment opportunity within a desirable part of the city.
The property sits on a signalized corner at 2829 – 2843 Hyperion Ave, at the northwest corner of Hyperion Ave and Rowena Ave/Glendale Blvd. It is located within a Los Angeles State Enterprise Zone, surrounded by some of the market’s most popular grocery tenants, boutique retailers, restaurants and bars. It is situated within a Los Angeles State Enterprise Zone, surrounded by some of the market’s most popular grocery tenants, boutique retailers, restaurants and bars.
The Hyperion Avenue center is centrally located, in close proximity to the 5 Fwy and with easy access to Los Feliz, Koreatown, Downtown Los Angeles, Glendale and the San Fernando Valley. It boasts a 2023 population of more than 410,000 residents within a five-mile radius.
The asset is currently 50% leased to a strong mix of tenants including Pinkberry, Standing Egg Coffee, Cats and Dogs and The Village Vet. As part of a comprehensive value-add and lease-up strategy, Bolour will complete both exterior capital improvements and interior tenant improvements designed to enhance the center’s appeal and drive leasing momentum.
Oron Maher of Maher Commercial Realty represented the property seller.
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