1624 Westerly Terrace, Los Angeles, California 90026, Los Angeles, 90026 - 5 bed, 6 bath

1624 Westerly Terrace, Los Angeles, California 90026 home-pic-0
ACTIVE$2,750,000
1624 Westerly Terrace, Los Angeles, California 90026
5Beds
6Baths
4,315Sqft
4,795Lot

Price Vs. Estimate

The estimated value ($2,750,000) is $0 (0%) lower than the list price ($2,750,000). This property may be overpriced.

Key pros and cons

Top Pros:
Exceptional Income Potential & Versatility: The property is a rare Silver Lake triplex, combining a striking main residence with a detached duplex (two 1-bed/1-bath units), offering significant rental income potential and flexible living arrangements.
Top Cons:
Property Classification & Financing Complexity: Despite being a triplex, the property is listed as a 'Single Family Residence,' which could complicate financing options and appraisal processes for potential buyers seeking multi-unit loans.

Compared to the nearby listings

Price:$2.75M vs avg $1.55M (+$1,195,000)95%
Size:4,315 sqft vs avg 1,621.5 sqft99%
Price/sqft:$637 vs avg $99113%

More Insights

Built in 1989 (36 years old).
Condition: Despite being built in 1989, the property has been 'fully remodeled with refined Scandinavian-style finishes,' as stated in the description. The images confirm this, showcasing a pristine, modern interior with a high-end, recently updated kitchen featuring new stainless steel appliances, white cabinetry, and subway tile. The bathrooms are equally modern with glass-enclosed showers, contemporary vanities, and stylish tiling. Light wood flooring, recessed lighting, and overall finishes appear new and meet current quality standards, indicating a recent, extensive renovation with no deferred maintenance.
Year Built
1989
Close
-
List price
$2.75M
Original List price
$2.75M
Price/Sqft
$637
HOA
-
Days on market
-
Sold On
-
MLS number
25597445
Home ConditionExcellent
Features
Good View: City Lights, Park/Greenbelt, Hills
Deck
ViewCity Lights,Park/Greenbelt,Hills

About this home

A rare Silver Lake triplex, this property combines a striking architectural main residence with a detached duplex discreetly positioned at the rear of the lot. Together, the ensemble offers both architectural distinction and valuable income potential.A true work of modern architecture, the main residence was designed in 1989 by J. Frank Fitzgibbons, AIA. Celebrated for its bold geometry and dramatic volumes, the home has now been fully remodeled with refined Scandinavian-style finishes. Situated in one of Silver Lake's most sought-after enclaves, it is moments from acclaimed shops, dining, and the vibrant cultural energy that defines the neighborhood. Inside, soaring ceilings and a procession of skylights create a dynamic interplay of light and space. A sweeping staircase serves as the home's dramatic centerpiece, while expansive windows and balconies open the interiors to the surrounding environment. The Scandinavian-inspired designmarked by clean lines, natural textures, and a serene paletteamplifies both warmth and sophistication.The main residence features three generous bedroom suites, including a primary suite with dual closets, plus a versatile den ideal for a home office or creative space. Direct access to the two-car garage provides convenience and functionality, complementing the home's thoughtful layout. Every detail has been carefully updated to reflect modern living while honoring the home's architectural roots.Adding extraordinary versatility, the detached duplex at 1625 Rendall Place comprises two one-bedroom / one-bathroom units totaling 1,140 square feet, accompanied by three enclosed garages. Entirely separate from the main home yet seamlessly integrated into the property, this private secondary structure enhances the offering with exceptional flexibility and income potentialmaking the residence a true Silver Lake triplex of rare caliber.

Condition Rating
Excellent

Despite being built in 1989, the property has been 'fully remodeled with refined Scandinavian-style finishes,' as stated in the description. The images confirm this, showcasing a pristine, modern interior with a high-end, recently updated kitchen featuring new stainless steel appliances, white cabinetry, and subway tile. The bathrooms are equally modern with glass-enclosed showers, contemporary vanities, and stylish tiling. Light wood flooring, recessed lighting, and overall finishes appear new and meet current quality standards, indicating a recent, extensive renovation with no deferred maintenance.
Pros & Cons

Pros

Exceptional Income Potential & Versatility: The property is a rare Silver Lake triplex, combining a striking main residence with a detached duplex (two 1-bed/1-bath units), offering significant rental income potential and flexible living arrangements.
Award-Winning Architectural Design & Modern Renovation: The main residence, designed by J. Frank Fitzgibbons, AIA, boasts bold geometry and dramatic volumes, and has been fully remodeled with refined Scandinavian-style finishes, blending architectural distinction with contemporary luxury.
Highly Desirable Silver Lake Location: Situated in one of Silver Lake's most sought-after enclaves, providing immediate access to acclaimed shops, dining, and the vibrant cultural energy of the neighborhood.
Abundant Natural Light & Dynamic Spaces: Soaring ceilings, a procession of skylights, and expansive windows create a dynamic interplay of light and space, enhancing the interior environment.
Desirable Views: The property offers attractive views including City Lights, Park/Greenbelt, and Hills, adding to its aesthetic appeal and value.

Cons

Property Classification & Financing Complexity: Despite being a triplex, the property is listed as a 'Single Family Residence,' which could complicate financing options and appraisal processes for potential buyers seeking multi-unit loans.
Limited Outdoor Space: With a lot size of 4795 sqft accommodating a main residence and a detached duplex, private outdoor space for each unit or the main house may be constrained.
Potential for Unspecified System Updates: While extensively remodeled, the main residence was built in 1989. The description focuses on aesthetic updates, but does not explicitly detail updates to major systems (e.g., plumbing, electrical, HVAC), which could be a concern for a property of this age.

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