
Los Angeles, California 90039
This Brand New Architectural Compound represents a Strong Value Opportunity, listed at $2,999,000—positioned well below the $2,929,556 Fair Market Value (Note: Market adjustment reflects current pricing stability). Featuring a Mint Condition Rating, this 2026 construction offers a Dual-Residence Layout with a Pool, Spa, and 8-Car Parking. The property provides significant versatility for multi-generational living or income generation through its detached second residence. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey, high-design lifestyle in the heart of Elysian Heights.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1903 Lake Shore Avenue Subject 6 bd · 7 ba · 3,342 sqft · $877 | $2,999,000* List Price | 6 | 7 | 3,342 | $877 | - |
A 2348 Baxter Street Sold 5 bd · 5 ba · 3,508 sqft · $637 · 0.5 mi | $2,236,345 | 5 | 5 | 3,508 | $637 | 0.5 mi |
B 2415 Edgewater Terrace Sold 5 bd · 3 ba · 2,190 sqft · $996 · 0.9 mi | $2,182,000 | 5 | 3 | 2,190 | $996 | 0.9 mi |
C 2239 Brier Avenue Active 6 bd · 6 ba · 3,527 sqft · $991 · 0.8 mi | $3,495,000 List Price | 6 | 6 | 3,527 | $991 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Brand new construction (2026) in mint condition. Features high-end contemporary kitchens with custom cabinetry, designer bathrooms with modern floating vanities and premium tile work, and brand new HVAC and electrical systems.
This rare architectural compound features two fully independent homes on one lot, offering exceptional versatility for multi-generational living, a high-end creative studio, or significant rental income potential.
As a brand-new 2026 construction, the property offers contemporary design, a central pool and spa, and a rare 8-car parking capacity, providing a turnkey luxury lifestyle in a hillside setting.
Situated in the desirable Elysian Heights area, the property captures stunning Downtown LA skyline and canyon views while maintaining close proximity to the vibrant shops and cafes of Silver Lake and Echo Park.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3342, other record living area = 1812. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 2.
The property has undergone multiple significant price reductions from its original $3.595M listing and has spent 142 days on the market, suggesting initial overvaluation or a niche buyer pool.
With two residences and a pool situated on a 7,792 sqft hillside lot, the property may feel densely packed with limited traditional flat yard space compared to other luxury offerings.
BRAND NEW CONSTRUCTION! TWO HOMES ON ONE LOT! MIXED USE POTENTIAL! An exceptionally rare architectural compound designed for those seeking something truly unique, where thoughtful design, privacy, and versatility converge in the Echo Park/Silver Lake area. Tucked into the peaceful canyon hills of Elysian Heights, this property offers a serene retreat above the city while remaining moments from the energy of Silver Lake and Echo Park, creating a rare balance between nature and urban living. Spanning approximately 3,400 square feet across two fully independent residences, the layout is intentionally designed to function as two separate homes connected by a central outdoor setting with pool, spa, and cabana, creating space, separation, and a true compound feel. The main residence offers approximately 2,200 square feet with 3 bedrooms, 3.5 baths, and a dedicated office, finished with clean contemporary lines, hardwood floors, and a beautifully designed kitchen that opens to expansive living areas and seamless indoor-outdoor flow. Elevated above, the detached second residence spans approximately 1,200 square feet and lives as its own private home with a separate gated driveway, entrance, and yard, positioned to capture captivating views of the Downtown LA skyline, ideal for short or long term rental income, a music or creative studio, guest house, or private work-from-home environment. Designed as a smaller-scale expression of the main home, it features a spacious main-level chef's kitchen and open living area that leads to the front elevated yard. With a large garage, parking for up to 8 vehicles, and close proximity to freeways, Dodger Stadium, Silver Lake shops, cafes, parks, and Sprouts market, this is a one-of-a-kind offering that delivers lifestyle, design, and true income potential in one of LA's most sought-after hillside neighborhoods. The ultimate new construction compound.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 3.0 |
| Baths | 7.0 | 2.0 |
| Square foot | 3,342 | 1,675.469 |
| Lot Size | 7,792 | 6,126.393 |
| Price | $3.00M | $1.34M |
| Price per sq ft | $897 | $800 |
| Built year | 2026 | 1941 |
| HOA | $0 | $262 |
| Days on market | 178 | 56 |
Jul 23, 2026
$2,999,000
$3,199,000
-6% Price Drop
Initial Listing
Jun 18, 2026
$3,199,000
$3,495,000
-8% Price Drop
Initial Listing
May 31, 2026
$3,495,000
$3,595,000
-3% Price Drop
Initial Listing
Apr 29, 2026
$3,595,000
Initial Listing
Nov 26, 2019
$405,000
Public Record