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Rose O'Reilly-Sievers

realtorrosesandiego@gmail.com +1(858) 472-3975

$ 7,400,000

Est. payment | -/mo

10 Beds

12 Baths

5,672 Sqft Lot

Save

$ 7,400,000

Est. payment | -/mo

Save

10 Beds

12 Baths

5,672 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB26232643

Bedrooms 10

Lot Size 5,672 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

1262, 1262 & 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.

Location

State CA

County Los Angeles

Zoning Assessor

Direction Located on Hyperion Avenue in Silver Lake, just off Sunset Boulevard. Accessible via Sunset Boulevard or Fountain Avenue. Copy D

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 3

Level or Stories 3

Others

Senior Community No

Tax ID 5429015034

Acceptable Financing Cash, Conventional, Exchange

Listing Terms Cash, Conventional, Exchange

Listed by Cameron Samimi, DRE#02035763 Lyon Stahl Investment Real Estate, Inc.
Co-listed byChristopher Bald • Lyon Stahl Investment Real Estate, Inc.

Schools and Properties Nearby

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1262-- 1264 Hyperion Los Angeles, CA 90029