
Los Angeles, California 90026
This Single Family Residence with Studio Apartment presents a High-Potential Investment Opportunity with a List Price of $1,850,000—positioned well below the $1,874,432 Fair Market Value by 1.3%. This valuation gap offers $24,432 in Instant Equity. Featuring a Condition Rating of 4, the property requires TLC but offers significant upside through its panoramic city views and versatile income-generating studio. Ideally located near top-rated schools like Ivanhoe Elementary, this is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking value-add potential.
Silver Lake home for sale with panoramic views and income-producing studio. 2BR/2BA fixer-upper with instant equity potential. Prime location near top-rated schools.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1744 Webster Avenue Subject 2 bd · 2 ba · 1,860 sqft · $998 | $1,850,000* List Price | 2 | 2 | 1,860 | $998 | - |
A 1635 N Coronado Street Sold 2 bd · 2 ba · 1,411 sqft · $1,108 · 0.4 mi | $1,563,000 | 2 | 2 | 1,411 | $1,108 | 0.4 mi |
B 1544 Angelus Avenue Sold 3 bd · 2 ba · 1,451 sqft · $1,051 · 0.4 mi | $1,525,000 | 3 | 2 | 1,451 | $1,051 | 0.4 mi |
C 753 Micheltorena Street Sold 3 bd · 1 ba · 1,436 sqft · $1,010 · 0.9 mi | $1,450,000 | 3 | 1 | 1,436 | $1,010 | 0.9 mi |
D 1809 Lucile Avenue Sold 4 bd · 3 ba · 2,384 sqft · $782 · 0.4 mi | $1,865,000 | 4 | 3 | 2,384 | $782 | 0.4 mi |
E 1315 Mccollum Street Active Under Contract 3 bd · 2 ba · 1,274 sqft · $1,254 · 0.6 mi | $1,598,000 List Price | 3 | 2 | 1,274 | $1,254 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1926, this Spanish-style home is significantly dated and explicitly described as needing 'TLC.' The kitchen features older white appliances and cabinetry likely from a renovation over 20 years ago. While the structure appears functional and retains historic charm, the age of the finishes and the agent's note on potential improvements indicate it requires minor repairs and modern updates to systems and interiors.
Elementary School: Ivanhoe Elementary School (9/10).
Perched in the desirable Silver Lake hills, the property offers exceptional panoramic views of the Reservoir, Downtown Los Angeles, and the surrounding mountains.
The inclusion of a separate studio apartment with its own kitchen, bathroom, and private deck provides a turnkey opportunity for rental income, a guest suite, or a home office.
The property is noted as needing 'TLC,' indicating that buyers will need to invest additional capital into repairs and modernization to realize the home's full value.
Given the 1926 construction, the home likely features older systems that may require significant upgrades to meet contemporary standards for plumbing, electrical, and climate control.
SINGLE FAMILY HOME + STUDIO APARTMENT. Perched above the hills of Silver Lake, this charming 1926 Spanish-style home offers breathtaking panoramic VIEWS of Silver Lake, the Reservoir, Downtown Los Angeles, and the surrounding mountains. Situated on a rare street-to-street lot, this is an incredible opportunity to own one of the best-priced homes in the neighborhood.THE MAIN RESIDENCE features 2 spacious bedrooms and 1.5 bathrooms, showcasing timeless Spanish architecture with arched hallways, original built-ins, a decorative fireplace, and abundant natural light. Enjoy spectacular city views from the private balcony, perfect for relaxing or entertaining.A SEPARATE STUDIO unit includes its own kitchen, bathroom, and private deck with equally impressive views, making it ideal for guests, rental income, or a home office.Full of character and original details, this home offers the perfect opportunity to add your personal touches while preserving its historic charm. Conveniently located just minutes from the Silver Lake Reservoir, popular cafs, restaurants, parks, and shopping, this property combines incredible views, versatility, and an unbeatable location.A rare Silver Lake gem with endless potential and some of the best views in the area. Don't miss this exceptional opportunity. Needs some TLC and currently the BEST PRICED HOME IN THE IMMEDIATE AREA. Must see!
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-6 • 0.5 mi
Grades K-6 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,860 | 1,670.836 |
| Lot Size | 7,373 | 6,152.156 |
| Price | $1.85M | $1.34M |
| Price per sq ft | $995 | $807 |
| Built year | 1926 | 1941 |
| HOA | $0 | $238 |
| Days on market | 53 | 56 |
Sep 17, 2026
$1,850,000
Initial Listing
May 16, 1997
$61,500
Public Record