The multifamily triplex located at 2319 Griffith Park Blvd. & 2322 Hyperion Ave. in Silver Lake has been sold in an off-market transaction. The property, managed by Tiao Properties, was sold for a total price of $1,046,000. The triplex consists of 3 units with a total of 1,567 square feet of space. The sale price per unit amounts to $348,666, and the price per square foot is $667. The property sits on a 5,756 square foot lot. With its central location in Silver Lake, this multifamily triplex presents a great investment opportunity.

Summary of transaction details

• Property Type: Multifamily/Development Site
• Transaction Amount: $1,046,000
• Units: 3
• Price per Unit: $348,666
• Square Footage: 1,567
• Price per Square Foot: $667
• Lot Size: 5,756 square feet

The buyer in this transaction is Lisa Gild, while the seller is June Mitchell. Will Tiao from Tiao Properties represented both parties and facilitated the off-market sale. Tiao Properties, an experienced brokerage firm, specializes in off-market opportunities. They also note that the property has the potential to be developed into 14 units, making it an even more attractive investment.

For more information on this sale or to explore other off-market opportunities, interested parties can contact Will Tiao of Tiao Properties at 323.363.1096 or via email at [email protected].