
Los Angeles, California 90026
This Spanish-style multi-unit asset represents a High-Potential Investment Opportunity, listed at $2,200,000—positioned well above the $1,988,299 Fair Market Value by -10%. Featuring a street-to-street lot and a separate studio unit, the property offers significant rental income potential. With a Condition Rating of 4, the home requires modernization, yet provides a rare canvas for value-add renovations. Located near top-rated schools like Ivanhoe Elementary, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile Silver Lake property.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1744 Webster Avenue Subject | $2,200,000* List Price | 2 | 2 | 1,860 | $1,069 | - |
A 3019 Effie Street Sold | $1,570,000 | 2 | 2 | 1,584 | $991 | 0.1 mi |
B 1721 Mccollum Street Sold | $2,485,000 | 4 | 3 | 2,496 | $996 | 0.3 mi |
C 1937 Delta Active | $1,800,000 List Price | 3 | 2 | 1,625 | $1,108 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1926, this home retains many original architectural details and character but is significantly dated. The kitchen features older white appliances and cabinetry that appear to be over 20 years old. The listing explicitly mentions the property 'needs a little TLC,' and visual evidence of wear on exterior surfaces and older interior finishes suggests a need for cosmetic updates and likely system (HVAC/Electric) modernization.
Elementary School: Ivanhoe Elementary School (9/10).
Perched in the hills of Silver Lake, the property offers breathtaking, unobstructed views of the reservoir, Downtown LA, and surrounding mountains, situated in one of the city's most desirable neighborhoods.
The inclusion of a separate studio unit with its own kitchen, bathroom, and private deck provides excellent versatility for rental income, a guest suite, or a dedicated creative workspace.
The property is noted as needing 'TLC,' suggesting that buyers should budget for immediate repairs, cosmetic updates, or structural improvements to bring it to modern standards.
With only 2 bedrooms and 1.5 bathrooms in the main house, the layout may feel restrictive for larger families or those seeking more modern, spacious primary suites.
VIEWS for days! Perched above the hills of Silver Lake, this spectacular 1926 Spanish-style home showcases jaw-dropping panoramic views of Silver Lake, Downtown LA, and the surrounding mountains. A rare opportunity to own a this charmer in one of LA's most sought-after neighborhoods. The main residence features 2 spacious bedrooms and 1.5 bathrooms, filled with character, charm, and original architectural details throughout. A private balcony captures jetliner views that stretch across the city skyline, creating the perfect setting for morning coffee or evening sunsets. Inside, natural light pours in throughout the day, creating a warm and inviting ambiance. The formal living room features a romantic decorative fireplace, arched hallways, and timeless built-ins that reflect the home's original character. The clean and inviting interior offers an open and comfortable floor plan, with a spacious living room, dining area, and well-sized kitchen designed for both everyday living and entertaining.The SECOND UNIT is a separate studio with its own kitchen, bathroom, and private lower deck, also enjoying stunning views, Ideal for guests, rental income, or a creative workspace. This storybook 1926 Spanish home blends historic charm with the relaxed lifestyle that defines Silver Lake living. Not to mention a STREET TO STREET LOT. Original details throughout tell the story of nearly a century of Los Angeles history.Located just minutes from the Silver Lake Reservoir, dog park, Botanica, LaMill Coffee, and many of the neighborhood's favorite cafe's, restaurants, and sunset hangouts, this home offers the perfect balance of tranquility, character, and city convenience.A true Silver Lake gem with unforgettable views- must see! Needs a little tlc but BEST PRICED HOME IN THE DIRECT AREA.
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 38% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,860 | 1,565.5 | 61% |
| Lot Size | 7,373 | 4,999 | 82% |
| Price | $2.20M | $1.52M | 81% |
| Price per sq ft | $1.2K | $942 | 73% |
| Built year | 1926 | 1927 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 17 | 122 | 2% |
May 28, 2026
$2,200,000
Initial Listing
May 16, 1997
$61,500
Public Record