Los Angeles – (April 14, 2025) — Privately-owned real estate investment, development and finance company Bolour Associates Inc. (BOLOUR) has acquired a high-profile neighborhood retail center for $6.55 million, creating a value-add investment opportunity within the sought-after Silver Lake district of Los Angeles.
Totaling 9,884 square feet, the property sits on a signalized corner at 2829 – 2843 Hyperion Ave., at the northwest corner of Hyperion Avenue and Rowena Avenue/Glendale Boulevard. 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.
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.
“Strong in-place cash flow, significant lease-up potential and a prime location made this a compelling opportunity that capitalizes on our value-add expertise,” said BOLOUR CEO Mark Bolour. “Silver Lake’s exceptional demographics and retail demand only add to that potential, underscoring this as a highly attractive investment with the ability to deliver long-term growth.”
Oron Maher of Maher Commercial Realty represented the building seller.
The Hyperion Avenue center is centrally located, in close proximity to the 5 Freeway 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.
About BOLOUR
BOLOUR is an integrated real estate finance, investment and development firm that invests in value-add assets in emerging and transit-oriented neighborhoods. Property types include urban infill land, retail, industrial, multifamily and mixed-use. As a lender, BOLOUR provides borrowers with individually designed debt solutions that often feature creative loan structures and quick closings. The company is currently active in 17 states and the District of Columbia. More information is available at BolourAssociates.com.
