An exceptional development opportunity in the Franklin Hills: three adjacent properties on Hyperion Avenue, delivered vacant with a combined lot size of approximately 18,730 square feet. The site includes a 1924 Spanish Bungalow, a 1938 Traditional, and a 1926 Craftsman, each retaining some period character and offering compelling potential for restoration, expansion, or new development. Zoned R1 and [Q]C1-1XL, the parcels provide a versatile canvas for investors and visionaries looking to reimagine or build something new. Located on a prominent stretch of Hyperion Avenue between Silver Lake and Los Feliz, the property is just minutes from Trader Joe’s, Gelson’s, Magpies, and Broome Street, with easy access to Hollywood, NELA, and the 5 freeway.