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Listed by Cameron Samimi • Lyon Stahl Investment Real Estate, Inc.
$7,400,000
Est. payment /mo
7,668 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 7,668 sqft
Price per Sqft $965
MLS Listing ID SB-26232643
Year Built 2024
Lot Size 5,672 Sqft
Property Sub-Type Apartment
Source California Regional Multiple Listing Service (CRMLS)
Property Description
1262, 1262½ & 1264 Hyperion Ave is a rare Silver Lake offering: three individual brand-new (2024) homes, each a separate house on its own parcel, offered together at $7,400,000, with the flexibility to acquire parcels individually. The offering comprises (2) 3-bedroom/4-bath homes and (1) 4-bedroom/4-bath home, 2,062 to 3,054 SF each, built with premium materials throughout (floor-to-ceiling windows, high-end finishes, no detail spared) with views of the Hollywood Sign and 9 on-site parking spaces.
All three homes currently operate as Airbnb short-term rentals, with scheduled income of $61,679 per month ($740,148 annually), a 5.50% cap rate and 10.00 GRM at the asking price. The separate-parcel structure gives a buyer options no conventional triplex can: live in one home and rent the other two, hold all three as a cash-flowing short- or long-term rental portfolio, or sell parcels individually over time.
Positioned on the Hyperion corridor amid Silver Lake's dining and nightlife, the eastside's answer to Abbot Kinney, this is a turnkey, design-led income asset with a built-in exit strategy.
All three homes currently operate as Airbnb short-term rentals, with scheduled income of $61,679 per month ($740,148 annually), a 5.50% cap rate and 10.00 GRM at the asking price. The separate-parcel structure gives a buyer options no conventional triplex can: live in one home and rent the other two, hold all three as a cash-flowing short- or long-term rental portfolio, or sell parcels individually over time.
Positioned on the Hyperion corridor amid Silver Lake's dining and nightlife, the eastside's answer to Abbot Kinney, this is a turnkey, design-led income asset with a built-in exit strategy.
Location
State CA
County Los Angeles
Area C21 - Silver Lake - Echo Park
Interior
Heating Central
Laundry Inside
Exterior
Garage Spaces 3.0
Pool None
Community Features Biking, Curbs, Dog Park, Golf, Hiking, Lake, Park, Sidewalks, Suburban
Building
Lot Description 2-5 Units/Acre
Sewer Public Sewer
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Nearby Locations
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John R Thompson
Broker/Owner License ID: 01200900
Broker/Owner License ID: 01200900