
Los Angeles, California 90026
This Spanish Triplex Compound is a Prime Investment Opportunity, listed at $2,995,000—positioned well below the $3,073,393 Fair Market Value by 2%. This valuation gap offers $78,393 in Instant Equity. Featuring an Excellent Condition Rating following a 2022 renovation, the property includes a chef's kitchen with Carrara marble and panoramic city views. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey, income-generating asset in a top-tier school district.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1825 Redesdale Avenue Subject 6 bd · 5 ba · 3,347 sqft · $796 | $2,695,000* List Price | 6 | 5 | 3,347 | $796 | - |
A 1615 Redcliff Street Sold 4 bd · 3 ba · 3,474 sqft · $770 · 0.3 mi | $2,675,000 | 4 | 3 | 3,474 | $770 | 0.3 mi |
B 1609 N Coronado Street Sold 5 bd · 4 ba · 3,585 sqft · $635 · 0.5 mi | $2,275,000 | 5 | 4 | 3,585 | $635 | 0.5 mi |
C 1876 Lemoyne Street Sold 4 bd · 4 ba · 2,900 sqft · $1,028 · 0.9 mi | $2,980,000 | 4 | 4 | 2,900 | $1,028 | 0.9 mi |
D 1684 Rotary Drive Active 4 bd · 5 ba · 3,500 sqft · $571 · 0.2 mi | $1,998,000 List Price | 4 | 5 | 3,500 | $571 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property underwent an extensive renovation in 2022 (less than 5 years ago), bringing it to mint condition. It features all-new critical systems including HVAC, electrical, plumbing, roof, and sewer lines. The interior boasts a high-end chef's kitchen with Carrara marble and completely modernized, luxury bathrooms, requiring no maintenance.
Elementary School: Ivanhoe Elementary School (9/10).
As a fully vacant Spanish triplex, this property offers immediate flexibility for premium market-rate rental income, multigenerational living, or a luxurious owner-user compound without the complications of tenant relocation.
An extensive 2022 renovation updated all major systems—including all-new HVAC, electrical, plumbing, roof, and sewer lines—blending 1925 historic character with the peace of mind of modern construction.
The property's sloped, street-to-street lot features cascading walkways and multiple tiers, which may present accessibility challenges and require navigating numerous stairs.
With 36 days on the market and a recent price reduction from $3.19M to $2.995M, the property is currently listed below its 2023 purchase price of $3.099M, indicating recent downward market pressure for this asset type.
Commanding a privileged position among Silver Lake's storied rolling hills since 1925, this fully vacant Spanish triplex is among the pedigree of only the elite few, an enduring testament to the neighborhood's rich heritage and timeless appeal. Extensively renovated in 2022, the property embraces its architectural heritage and the sophistication of today's design and daily living needs. Crowning this exceptional trophy property is the expansive 3-bedroom / 2-bath owner's residence, where sweeping vistas stretch from the Silver Lake Reservoir to the glittering skyline of Downtown Los Angeles. Glistening with natural light and grounded by solid White Oak flooring and a chef's kitchen with Carrara marble, the upper unit evokes the serenity of a secluded treehouse retreat, surrounded by lush greenery and framed by captivating views at every turn. The middle 2-bedroom/2-bath unit and the lower 1-bedroom/1-bath unit echo the same elevated aesthetic, each appointed with sophisticated finishes and a cohesive design language that speaks to both style and functionality. Cradled amongst the hillsides with a street-to-street lot, the property unfolds across a series of enchanting outdoor environments, including a serene outdoor dining space that creates the feeling of being worlds away from the city. offering a rare sense of escape and tranquility. Period-correct outdoor lighting and mature landscaping, set amid cascading walkways, make one feel truly special. Recent renovations include all-new HVAC, electrical, plumbing, roof & sewer line work, providing peace of mind for a new steward. Just moments from the iconic Silver Lake Reservoir and the neighborhood's best collection of dining, shopping and more, this extraordinary compound offers the increasingly elusive opportunity to possess a piece of Los Angeles history without compromising on modern comfort, design, or lifestyle. Whether seeking multigenerational living quarters, supplemental rental income, or a long-term investment, this private villa compound offers remarkable versatility.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-6 • 0.6 mi
Grades K-6 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 3.0 |
| Baths | 5.0 | 2.0 |
| Square foot | 3,347 | 1,670.836 |
| Lot Size | 5,464 | 6,152.156 |
| Price | $2.69M | $1.34M |
| Price per sq ft | $805 | $807 |
| Built year | 1925 | 1941 |
| HOA | $0 | $238 |
| Days on market | 80 | 56 |
Nov 6, 2026
$2,695,000
$2,995,000
-10% Price Drop
Initial Listing
Sep 18, 2026
$2,995,000
$3,190,000
-6% Price Drop
Initial Listing
Aug 21, 2026
$3,190,000
Initial Listing
Jul 26, 2023
$3,099,000
Public Record
May 20, 2022
$1,800,000
Public Record
Mar 30, 1994
$150,000
Public Record