1815 Redcliff Street, Los Angeles, California 90026, Los Angeles, 90026 - bed, 4 bath

1815 Redcliff Street, Los Angeles, California 90026 home-pic-0
ACTIVE$4,495,000
1815 Redcliff Street, Los Angeles, California 90026
0Bed
4Baths
5,082Sqft
34,671Lot
Year Built
1921
Close
-
List price
$4.5M
Original List price
$4.7M
Price/Sqft
$884
HOA
-
Days on market
-
Sold On
-
MLS number
24374849
Home ConditionPoor
Features
Good View: Hills
ViewHills

About this home

We found 2 Cons,3 Pros. Rank: price - $4.50M(98th), sqft - 5082(99th), beds - undefined(1th), baths - 4(85th).

First time on the market in almost 60 years. This is an incredible opportunity to develop and create one singular giant compound or split and build multiple magical estates in a very special, verdant setting. Located in a prime Silver Lake neighborhood, three combined lots offer a unique and rarely seen possibility. With a combined lot square footage of over 34,000 square feet, these surroundings are the perfect blend of tranquility and urban convenience. The sublime location provides the vibe of a secluded retreat while affording close proximity to Silver Lake mainstays like the Reservoir, Landa Stairs, and the vibrant arts, food and beverage, and culture scene; 1815 Redcliff offers endless possibilities for investors, developers, and homeowners alike.

Condition Rating
Poor

The property was built in 1921 and hasn't been significantly renovated in a long time. The images show outdated kitchens and bathrooms, worn flooring, and overall deferred maintenance. While the property has potential due to its lot size and location, it requires substantial repairs and rehabilitation to be livable.
Pros & Cons

Pros

Development Opportunity: The property offers a rare opportunity for development with three combined lots totaling over 34,000 sq ft, suitable for a large compound or multiple estates.
Prime Location: Located in a desirable Silver Lake neighborhood, the property provides a blend of tranquility and urban convenience, close to local amenities.
Sizeable Living Space: The existing residence offers a substantial 5,082 sq ft of living space, providing a solid foundation for renovation or expansion.

Cons

Age of Property: Built in 1921, the existing structure may require significant renovations or upgrades to meet modern standards.
Potential Renovation Costs: Given the age and potential for development, buyers should anticipate potentially high renovation or construction costs.

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