
Los Angeles, California 90026
This Turnkey Craftsman Residence is a Strong Value Opportunity, listed at $1,998,000—positioned well below the $2,124,839 Fair Market Value by 5%. This valuation gap offers $126,839 in Instant Equity. Featuring an Excellent Condition Rating, the home includes a chef's kitchen, legal detached studio, and expansive view deck. Located near top-rated schools like Ivanhoe Elementary, this property balances historic character with modern luxury. It is an ideal acquisition for Owner-Occupants seeking a lifestyle sanctuary or sophisticated investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1522 Elevado Street Subject | $1,998,000* List Price | 3 | 3 | 2,127 | $999 | - |
A 951 Tularosa Drive Sold | $1,929,355 | 3 | 2 | 1,783 | $1,082 | 0.4 mi |
B 1753 Redcliff Street Sold | $2,540,000 | 3 | 2 | 2,209 | $1,150 | 0.4 mi |
C 2123 Branden Street Sold | $1,650,000 | 4 | 3 | 2,161 | $764 | 0.8 mi |
D 1721 Mccollum Street Sold | $2,485,000 | 4 | 3 | 2,496 | $996 | 0.4 mi |
E 3439 Winslow Active | $1,950,000 List Price | 4 | 3 | 2,042 | $955 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1920, the property has undergone a high-end, recent renovation. It features an updated chef's kitchen with professional appliances, modern recessed lighting, updated windows, and a fully renovated legal detached studio. The interior finishes and primary suite are in mint condition, indicating a renovation likely within the last 5 years.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11254, living area = 1860.
Elementary School: Ivanhoe Elementary School (9/10).
The property includes a legal detached studio with a private entrance, providing exceptional flexibility for rental income, a professional home office, or a creative retreat.
As a century-old home built in 1920, the property may require specialized maintenance or infrastructure updates common to historic structures.
At nearly $2 million for 1,860 square feet, the property sits at a premium price point that may be a hurdle for buyers seeking more interior living area.
Some homes give you rooms; others give you freedom. On a signature Silver Lake street, a gorgeous 1920s Craftsman with a beautiful and resourceful LEGAL DETACHED STUDIO offers character details that buyers once overlooked but now actively search for. The main residence offers 3 bedrooms and 2 baths, where original built-ins, moldings, handcrafted railings, and millwork create a sense of warmth and authenticity. An updated chef's kitchen with professional appliances serves as a natural gathering place. Upstairs, the primary suite is defined by light, air, and openness; large doors extend to an expansive view patio, a quiet escape above the trees. The detached studio, with its own entrance, provides exceptional flexibility for creative pursuits, guests, a home office, or supplemental income. 4 Car Parking. Rare R2 LOT with flat outdoor spaces and mature landscaping create a setting for gardening, play, or simple unwinding-- adding yet another layer of possibility to a property that lives far larger than its footprint.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-6 • 0.4 mi
Grades K-6 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,127 | 1,672 |
| Lot Size | 11,254 | 6,067 |
| Price | $2.00M | $1.37M |
| Price per sq ft | $939 | $801 |
| Built year | 1920 | 1939 |
| HOA | $0 | $348 |
| Days on market | 27 | 56 |
Jun 25, 2026
$1,998,000
Initial Listing
Oct 31, 2022
$1,950,000
Public Record