SoldBroker Activity · Entry № 46

Land Brokers: Here's a Buyer That Just Paid $5.28M for a Silver Lake Development Site

Samuelian Group, a LIHTC developer, just paid $5.28M for this Silver Lake development site.

PublishedJune 27, 2026
StatusSold · Just Closed
DatelineThe Tape · East Hollywood / Silver Lake, Los Angeles
825 Hyperion Ave hero photo
FIG. 01, 825 Hyperion Ave, East Hollywood / Silver Lake, Los Angeles, CA 90029. Listing photo via Northmarq.
Four takeawaysFour things an operator takes away from 825 Hyperion Ave
  1. $5.28M closed June 25, 2026.  $233/SF for land.
  2. Who Bought It?  Silver Lake Flats LP, an affiliate of the Samuelian Group, purchased the property. Samuelian Group is an affordable housing developer with 500+ units and more than $300 million in active development across California, focused on 100% affordable and mixed-income housing.
  3. LIHTC housing developers can overpay for market rate Land. Tax credits and government financing allows them to pencil projects that market rate developers can't do.
  4. Land Brokers – Here's a BuyerHere's a Freebie. If you sell apartment land or affordable housing sites, add Samuelian Group to your buyer database. They currently have 500+ units and $300M+ in active development across California. Website: https://www.samueliangroup.com LinkedIn: https://www.linkedin.com/company/samuelian-group/
Deal Stats · 825 Hyperion Ave
Sale Price
$5.28M
closed June 25, 2026
List Price
$5.499M
initial ask
Bid-Ask Delta
-$219K
4.0% below ask
Price / Land SF
$233/SF
22,651 SF lot
Lot Size
22,651 SF
0.52 acres · 3 APNs
Zoning
R3-1VL
Very Low density overlay
Units
N/A
not confirmed in record
Assessed Value
$5.375M
2025 tax year
Assessed Land
$4.752M
vs. $623K improvements
ULA Status
Below Threshold
Measure ULA not triggered
Submarket
E. Hollywood / Silver Lake
Walk 80 · Transit 60
Seller of Record
Hyperion Apartments LLC
buyer not yet recorded

What an Operator Found

This is why I track comps. Sometimes the most valuable information isn't the cap rate or GRM, it's discovering who's actually buying.  Every comp is another opportunity to gain more info.  

Add Samuelian Group to your buyer database. They currently have 500+ units and $300M+ in active development across California.
Website: https://www.samueliangroup.com
LinkedIn: https://www.linkedin.com/company/samuelian-group/

Send OMs to David@AtlasBrief.La

Brokers
Listing Broker
Steven Goldstein
Northmarq
Written from the field

David Safai, operator, developer, GC.

Atlas Home Builders, Inc. is a Los Angeles owner-operator and general contractor. If you are a broker with a listing you want an honest read on, send the OM and the T-12 to David@AtlasBrief.La.

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