1504 N Benton Way, Los Angeles, California 90026, Los Angeles, 90026 - 2 bed, 1 bath
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1504 N Benton Way
Los Angeles, California 90026
ACTIVE
CONDITION: FAIR
2Beds
1Baths
1,032Sq Ft
4,104Lot Size
Property Price
LIST PRICE$995,000
EST. MARKET VALUE
$945,607
5% AboveMARKET VALUE
SUMMARY
This 1916 bungalow presents a High-Potential Investment Opportunity with a List Price of $995,000—positioned above the $945,607 Fair Market Value by 5%. While the property requires capital for a Fair Condition Rating, the Zoning R2 and street-to-street lot provide significant upside for ADU conversion or expansion. Featuring elevated views toward Downtown LA, this asset offers a rare canvas for value-add renovation in a prime Silver Lake location. This is an ideal acquisition for Buy-and-Hold Investors or Contractors seeking to maximize long-term equity.
Estimated Market Value
$945,607
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1504 N Benton Way Subject 2 bd · 1 ba · 1,032 sqft · $916 | $995,000* List Price | 2 | 1 | 1,032 | $916 | - |
A 1627 Fargo Street Sold 2 bd · 1 ba · 832 sqft · $925 · 1.0 mi | $770,000 | 2 | 1 | 832 | $925 | 1.0 mi |
B 1616 Allesandro Street Sold 2 bd · 1 ba · 944 sqft · $885 · 0.4 mi | $835,000 | 2 | 1 | 944 | $885 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
This 1916 bungalow features a kitchen and flooring update that appears to be 20-25 years old, placing it in the 'Fair' category. While the home is functional and move-in ready, the listing description's emphasis on an 'opportunity to restore, reinvent or expand' indicates that systems and finishes are dated and nearing the end of their useful life.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Silver Lake Location
Ideally situated between Sunset Boulevard and the Silver Lake Reservoir, this property offers exceptional walkability and prestige in one of Los Angeles' most sought-after neighborhoods.
- Significant Development Potential
The R2 zoning, street-to-street lot, and detached garage provide a rare opportunity for expansion, ADU conversion, or multi-unit development to maximize investment value.
- Iconic Views and Character
This 1916 bungalow features elevated views toward Downtown LA and sits on a private, tree-lined lot, offering the classic charm and aesthetic highly prized in the local market.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1032, other record living area = 762. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 1.
- Substantial Renovation Needs
Marketed as a 'reimagining' opportunity, the 1916 structure likely requires significant capital expenditure to update aged systems and finishes to modern standards.
- Limited Existing Footprint
With only 1,032 square feet of living space and a single bathroom, the current layout may be too restrictive for many buyers without immediate and costly expansion.
About 1504 N Benton Way
Perched in the hills of Silver Lake, this 1916 bungalow offers an exciting opportunity to reimagine a classic home in one of LA's most sought-after neighborhoods. Ideally situated between Sunset Boulevard and the Silver Lake Reservoir, the property occupies a street-to-street lot with mature trees, dappled sunlight and a wonderful sense of privacy. The main level features two bedrooms and one bath, with elevated views toward Downtown LA. Downstairs, additional bonus space offers flexibility for a home office, studio, storage or potential expansion of the living area. A detached garage at the rear of the property provides convenient parking and storage, with potential for ADU conversion. With R2 zoning, a versatile lot and plenty of room for creative vision, this is a rare opportunity to restore, reinvent or expand in a prime Silver Lake location.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1916
- Lot Size
- 4,104 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Mayberry Street Elementary School
Grades K-6 • 0.1 mi
2/10
Micheltorena Street Elementary School
Grades K-5 • 0.5 mi
5/10
Clifford Street Elementary School
Grades K-6 • 0.6 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,032 | 1,670.836 |
| Lot Size | 4,104 | 6,152.156 |
| Price | $995.0K | $1.34M |
| Price per sq ft | $964 | $807 |
| Built year | 1916 | 1941 |
| HOA | $0 | $238 |
| Days on market | 7 | 56 |
Pricing History
Listed for Sale
Nov 2, 2026
$995,000
Initial Listing
Sold
May 13, 2021
$1,210,000
Public Record