1262, 1262½ & 1264 Hyperion Ave

Investment Highlights

Property Overview

1262, 1262½ & 1264 Hyperion Ave presents a rare acquisition opportunity in the heart of Silver Lake, featuring three newly constructed (2024) luxury homes situated on three separate legal parcels. Offered together at $7,400,000, the compound comprises two 3-bedroom, 4-bathroom residences and one 4-bedroom, 4-bathroom residence ranging from 2,062 to 3,054 square feet. Each home showcases exceptional architectural design with floor-to-ceiling windows, chef-inspired kitchens, private rooftop decks with panoramic views of the Hollywood Hills and Griffith Observatory, and dedicated two-car garages. All three properties currently operate as high-performing Airbnb short-term rentals, delivering $61,679 in monthly scheduled gross income ($740,148 annually) at an attractive 5.50% in-place cap rate and 10.00 GRM. The independent parcel structure affords unmatched flexibility that conventional triplexes cannot match: an investor may hold the entire compound as a cash-flowing hospitality or residential portfolio, an owner-user can occupy one home while generating substantial income from the remaining two, or an owner can capitalize on selling the residences individually over time. Strategically located on Silver Lake's coveted Hyperion corridor, the property boasts a Walk Score of 87 and sits just 0.25 miles from Sunset Junction's premier dining, boutique shopping, and cultural hotspots. In addition to strong existing short-term rental performance and significant long-term rental appreciation potential, the brand-new 2024 construction makes this offering an exceptional candidate for cost segregation and accelerated bonus depreciation tax strategies.