
Los Angeles, California 90026
This Spanish-style residential asset presents a High-Potential Investment Opportunity with a List Price of $1,460,000—positioned well above the $1,325,625 Fair Market Value by -10%. Featuring a Condition Rating of 5, the property requires significant modernization, yet its large flat lot and ADU potential offer substantial value-add upside. Located in prime Silver Lake near Sunset Junction, this project is ideal for Fix-and-Flip Investors or Contractors seeking to leverage the rare land size for long-term equity growth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1544 Angelus Avenue Subject | $1,460,000* List Price | 3 | 2 | 1,451 | $914 | - |
A 3019 Effie Street Sold | $1,570,000 | 2 | 2 | 1,584 | $991 | 0.3 mi |
B 646 N Dillon Street Sold | $1,200,000 | 2 | 1 | 1,580 | $759 | 0.8 mi |
C 1748 Redesdale Avenue Sold | $1,200,000 | 2 | 1 | 921 | $1,303 | 0.3 mi |
D 1307 Micheltorena Street Active Under Contract | $1,199,000 List Price | 3 | 1 | 1,176 | $1,020 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1929 and held by the same family for 50 years, the home requires a full rehab. While the description notes past upgrades to systems (HVAC, electric, plumbing), the kitchen and bathrooms are significantly dated (>30 years), featuring damaged countertops, vintage appliances, and worn carpeting that do not meet modern functional standards.
Elementary School: Ivanhoe Elementary School (9/10).
Situated on a quiet, tree-lined street within walking distance to Sunset Junction and the Silver Lake Recreation Center, offering premier access to the area's best dining and lifestyle amenities.
The property boasts a hard-to-find large flat lot, providing a unique opportunity for significant expansion or the addition of an ADU to maximize the property's long-term value.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
Having been owned by the same family for over 50 years, the home likely requires a substantial cosmetic renovation to meet the aesthetic expectations of modern luxury buyers.
The immediate neighborhood elementary school carries a low rating, which may be a deterrent for families specifically seeking high-performing public school districts.
Located in the prime area of Silver Lake, on a quiet and tree-lined street, this enchanting Spanish style home has been well loved by the same family for more than 50 years. The house preserves and showcases many characteristics of the original Spanish architecture. Pass the small gate, you enter the porch and walk under the arcade to the front door. Once inside, you are greeted by the inviting, large and bright formal living room with cove ceilings. Adjacent to the living room is a formal dining area with direct access to the den and the kitchen. A breakfast nook filled with natural light connects to the kitchen. The spacious kitchen connects to the laundry area which exits to the backyard. A hallway separates the 3 bedrooms and a full bathroom from the common area of the house, providing privacy and quietness. There is also a patio area and mature fruit trees in the open and large backyard. Over the years, electrical, central heat, plumbing and sewer were replaced and upgraded. The property is only a short distance to the Silver Lake Recreation Center and the vibrant Sunset Junction, farmers market and restaurants. With a hard-to-find huge flat lot in the area, whether to renovate, add or build an ADU per city code, it offers a rare opportunity for the next owner to enjoy the best of Silver Lake living with easy access to neighborhood amenities and everyday conveniences
No exterior & parking available.
Grades K-6 • 0.2 mi
Grades K-5 • 0.5 mi
Grades K-6 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,451 | 1,543.5 | 48% |
| Lot Size | 5,475 | 4,999 | 60% |
| Price | $1.46M | $1.51M | 47% |
| Price per sq ft | $1.0K | $942 | 57% |
| Built year | 1929 | 1928 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 12 | 124 | 2% |
Jun 4, 2026
$1,460,000
Initial Listing