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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$7,400,000

Est. payment - /mo

5,671 Sqft Lot

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UPDATED:

Key Details

Property Type Other Types

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB26232643

HOA Y/N No

Year Built 2024

Lot Size 5,671 Sqft

Property Sub-Type Apartment

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.

Location

State CA

County Los Angeles

Area C21 - Silver Lake - Echo Park

Interior

Heating Central

Fireplace No

Laundry Inside

Exterior

Garage Spaces 3.0

Garage Description 3.0

Pool None

Community Features Biking, Curbs, Dog Park, Golf, Hiking, Lake, Park, Suburban, Sidewalks

Total Parking Spaces 3

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 3

Entry Level Three Or More

Sewer Public Sewer

Water Public

Level or Stories Three Or More

New Construction No

Others

Senior Community No

Tax ID 5429015034

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Standard

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Listed by Cameron Samimi Lyon Stahl Investment Real Estate, Inc. 310-259-7556, DRE #02035763

NEARBY SCHOOL & BUSINESS

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1262 Hyperion Los Angeles, CA 90029