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1506 N Benton Way, Los Angeles, California 90026, Los Angeles, 90026 - 6 bed, 5 bath

1506 N Benton Way, Los Angeles, California 90026 home-pic-0
ACTIVE UNDER CONTRACT$1,775,000
1506 N Benton Way, Los Angeles, California 90026
6Beds
5Baths
2,372Sqft
4,003Lot

Price Vs. Estimate

The estimated value ($1,831,876.12) is $56,876.12 (3%) higher than the list price ($1,775,000). This property may be underpriced.

Key pros and cons

Top Pros:
Dual Income Potential & Flexible Living: The property features two fully independent homes (4BR/3BA main + 2BR/2BA guest) offering significant income potential ($5,500/mo main, $4,500/mo guest) and versatile living arrangements for multi-generational families, work-from-home, or short-term rentals.
Top Cons:
Historic Property Age: Despite extensive renovations, the 1916 build year may still present perceptions of an older home, potentially leading to higher long-term maintenance expectations for some buyers.

Compared to the nearby listings

Price:$1.77M vs avg $1.55M (+$220,000)68%
Size:2,372 sqft vs avg 1,621.5 sqft77%
Price/sqft:$748 vs avg $99126%

More Insights

Built in 1916 (109 years old).
Condition: Despite being built in 1916, the MLS description explicitly states 'Recent upgrades include foundation/seismic reinforcement, modernized systems, and full interior/exterior renovation, delivering turnkey peace of mind.' The provided images strongly support this, showcasing a completely renovated interior. The bathroom features a modern double vanity with light wood-tone cabinets, contemporary gold-finish faucets, stylish rectangular mirrors, and modern globe light fixtures, all appearing brand new. The flooring throughout the visible living areas and bedrooms is consistent, wide-plank, light wood-tone, and in excellent condition. Recessed lighting is prevalent, and all visible finishes are current and high-quality. The property meets the 'excellent' criteria of being extensively renovated within the last 5 years, with virtually new components and no deferred maintenance.
Year Built
1916
Close
-
List price
$1.77M
Original List price
$1.77M
Price/Sqft
$748
HOA
-
Days on market
-
Sold On
-
MLS number
25615745
Home ConditionExcellent
Features
Good View: City Lights
Deck
Patio
ViewCity Lights

About this home

Street-to-Street Silver Lake Compound | Two Homes on One Lot (4BR / 3BA Main + 2BR / 2BA Guest). A rare chance to own a true Silver Lake compound with two fully independent homes on a private street-to-street lot. Unassuming from the street, the main 4BR / 3BA residence (approx. 1,475 sq ft) opens dramatically to hillside and treetop views, with an open living / dining / kitchen floor that flows out to a large view deck an effortless indoor outdoor extension of daily living.One level down, the primary suite, two secondary bedrooms with Jack-and-Jill bath, and central laundry form a complete and practical private sleeping level.From the lower street, a separate gated entrance leads to the 2BR / 2BA guest house (approx. 897 sq ft) with its own yard and a true two-car garage offering total independence for income, extended family, creative work, or a private studio retreat. Recent upgrades include foundation/seismic reinforcement, modernized systems, and full interior/exterior renovation, delivering turnkey peace of mind rarely available in historic Silver Lake. Income Potential: Main residence: $5,500/mo. Guest house: $4,500/mo. The guest house has previously operated as a furnished short-term rental - income statements available upon request. Location: Moments from Sunset Junction, Silver Lake Reservoir, Erewhon, Pine & Crane, Intelligentsia, Caf Stella, and more. Flexible living for: Owner + income offset. Multi-generational living. Work-from-home with meaningful separation. Anyone learning property stewardship / hosting responsibly. A turnkey, income-capable compound in one of Silver Lake's most walkable pockets at a price point that would be difficult to reproduce today.

Nearby schools

2/10
Mayberry Street Elementary School
Public,•K-6•0.1mi
5/10
Micheltorena Street Elementary School
Public,•K-5•0.5mi
8/10
Clifford Street Elementary School
Public,•K-6•0.6mi
5/10
Rosemont Avenue Elementary School
Public,•K-5•0.9mi
3/10
Elysian Heights Elementary School
Public,•K-6•1.0mi
/10
Lake Street Primary School
Public,•K-1•1.2mi
4/10
Betty Plasencia Elementary School
Public,•K-6•1.4mi
8/10
Allesandro Elementary School
Public,•K-6•1.4mi
7/10
Dorris Place Elementary School
Public,•K-6•1.7mi
3/10
Gratts Learning Academy For Young Scholars (Glays)
Public,•K-6•1.9mi
7/10
Solano Avenue Elementary School
Public,•K-6•2.1mi
6/10
Castelar Street Elementary School
Public,•K-5•2.1mi
2/10
Logan Street Elementary School
Public,•K-8•0.7mi
6/10
Thomas Starr King Middle School
Public,•6-8•1.1mi
5/10
Virgil Middle School
Public,•6-8•1.6mi
3/10
Sal Castro Middle School
Public,•6-8•1.7mi
6/10
Irving STEAM Magnet
Public,•6-8•2.7mi
5/10
Florence Nightingale Middle School
Public,•6-8•2.8mi
3/10
Belmont Senior High School
Public,•9-12•1.7mi
8/10
John Marshall Senior High School
Public,•9-12•1.7mi

Price History

Date
Event
Price
02/19/09
Sold
$490,000
09/26/03
Sold
$385,000
Condition Rating
Excellent
Despite being built in 1916, the MLS description explicitly states 'Recent upgrades include foundation/seismic reinforcement, modernized systems, and full interior/exterior renovation, delivering turnkey peace of mind.' The provided images strongly support this, showcasing a completely renovated interior. The bathroom features a modern double vanity with light wood-tone cabinets, contemporary gold-finish faucets, stylish rectangular mirrors, and modern globe light fixtures, all appearing brand new. The flooring throughout the visible living areas and bedrooms is consistent, wide-plank, light wood-tone, and in excellent condition. Recessed lighting is prevalent, and all visible finishes are current and high-quality. The property meets the 'excellent' criteria of being extensively renovated within the last 5 years, with virtually new components and no deferred maintenance.
Pros & Cons

Pros

Dual Income Potential & Flexible Living: The property features two fully independent homes (4BR/3BA main + 2BR/2BA guest) offering significant income potential ($5,500/mo main, $4,500/mo guest) and versatile living arrangements for multi-generational families, work-from-home, or short-term rentals.
Prime Silver Lake Location: Situated in a highly desirable and walkable Silver Lake pocket, moments from popular amenities such as Sunset Junction, Silver Lake Reservoir, Erewhon, and various acclaimed restaurants and cafes.
Extensive Recent Renovations: Recent upgrades including foundation/seismic reinforcement, modernized systems, and full interior/exterior renovation provide turnkey peace of mind, a rare find in a historic 1916 Silver Lake property.
Views & Indoor-Outdoor Flow: The main residence offers dramatic hillside, treetop, and city lights views, with an open living/dining/kitchen floor plan that seamlessly extends to a large view deck, ideal for entertaining and daily living.
Unique Compound Configuration: A rare street-to-street compound setup with two distinct homes, each with its own entrance and yard, plus a true two-car garage for the guest house, ensuring privacy and independence.

Cons

Historic Property Age: Despite extensive renovations, the 1916 build year may still present perceptions of an older home, potentially leading to higher long-term maintenance expectations for some buyers.
Modest Lot Size: The 4,003 sq ft lot size, while accommodating two homes, is relatively modest for a compound, potentially limiting expansive outdoor living space or future development opportunities.
Curb Appeal: The description notes the main residence is 'unassuming from the street,' which could imply a less impressive initial exterior impression compared to the interior and views, potentially impacting first-time buyer interest.

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