1546 Elevado Street, Los Angeles, California 90026, Los Angeles, 90026 - 3 bed, 2 bath
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Los Angeles, California 90026
This 1921 Spanish fixer presents a High-Potential Investment Opportunity with a List Price of $995,000—positioned well below the $991,106 Fair Market Value (priced at market). While the property carries a Condition Rating of 5, the expansive 6,261 SF lot and prime North of Sunset location offer significant development upside. With proximity to top-rated schools like Ivanhoe Elementary, this asset is a strategic acquisition for Fix-and-Flip Investors or Contractors capable of executing a comprehensive system-wide renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1546 Elevado Street Subject | $995,000* List Price | 3 | 2 | 1,302 | $761 | - |
A 646 N Dillon Street Sold | $1,200,000 | 2 | 1 | 1,580 | $759 | 0.6 mi |
B 1316 Allesandro Active | $1,050,000 List Price | 2 | 2 | 1,241 | $846 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1921, this property is a century-old fixer-upper being sold 'as-is' with a specific note that extensive repairs are needed to all systems (HVAC/Electric/Plumbing). The kitchen and bathrooms retain vintage tile work and dated fixtures that have not been renovated in over 30 years, requiring a full rehab to meet modern safety and functional standards.
Elementary School: Ivanhoe Elementary School (9/10).
Situated on the coveted Elevado Street loop North of Sunset, the property is moments from Sunset Junction's trendy shops and eateries, offering exceptional desirability and appreciation potential.
The expansive 6,259 SF lot provides a rare opportunity in this neighborhood for a major expansion, ADU addition, or a complete reimagining of the existing 1921 Spanish structure.
The property requires comprehensive repairs to all major systems and is sold in 'as-is' condition, necessitating a substantial capital investment beyond the purchase price.
As a probate sale specifically targeting cash buyers and investors due to its condition, the property will likely not qualify for traditional conventional or FHA financing.
Probate sale for the cash buyer/investor with the vision to restore a classic Spanish gem or reimagine a prime piece of Silver Lake real estate; the potential here is unmatched. This 1921 Spanish fixer presents a rare upside opportunity in the heart of Silver Lake. The property is being sold "as is" in its current condition due to the extensive repairs needed to all systems. Tucked away on the coveted Elevado St. loop, this 3+2 with 1,302 SF interiors is sited on an expansive 6,259 SF lot and retains much of its century-old soul. Features provide a glimpse into the home's storied character: original hardwood floors, classic windows, and vintage tile work in the kitchen and baths. Outside, the spacious rear yard offers incredible depth and privacy, waiting to be transformed into a lush hillside retreat or a modern outdoor oasis. This North of Sunset location is moments from vibrant Sunset Junction with its stylish eateries and shops. Whether you restore or rebuild, the investment potential is here.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-6 • 0.5 mi
Grades K-6 • 0.9 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 | 1,302 | 1,543.5 | 33% |
| Lot Size | 6,261 | 4,999 | 74% |
| Price | $995.0K | $1.51M | 21% |
| Price per sq ft | $764 | $924 | 31% |
| Built year | 1921 | 1927 | 30% |
| HOA | $0 | $0 | 50% |
| Days on market | 16 | 122 | 2% |
May 29, 2026
$995,000
Initial Listing
Oct 6, 1998
$206,000
Public Record