2246 Lyric Avenue, Los Angeles, California 90027, Los Angeles, 90027 - 4 bed, 3 bath
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Los Angeles, California 90027
This Turnkey Single Family Residence is a Strong Value Opportunity, listed at $1,999,000—positioned well below the $2,103,611 Fair Market Value by 4%. This valuation gap offers $104,611 in Instant Equity for the buyer. Featuring a Mint Condition Rating, the home boasts a renovated kitchen, built-in spa, and mountain views. Located in the prestigious Franklin Hills and zoned for top-rated schools like Ivanhoe Elementary, this property is an ideal acquisition for Owner-Occupants or discerning professionals seeking a private, move-in ready sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2246 Lyric Avenue Subject | $1,999,000* List Price | 4 | 3 | 2,120 | $992 | - |
A 1757 Hollyvista Avenue Sold | $2,175,000 | 3 | 4 | 2,166 | $1,004 | 0.2 mi |
B 4171 Holly Knoll Drive Sold | $2,389,000 | 4 | 3 | 2,209 | $1,081 | 0.6 mi |
C 3928 Clayton Avenue Sold | $1,800,000 | 3 | 3 | 2,387 | $754 | 0.2 mi |
D 2339 Lyric Avenue Sold | $2,450,000 | 3 | 3 | 2,480 | $988 | 0.1 mi |
E 3906 Tracy Street Sold | $1,988,000 | 3 | 3 | 1,947 | $1,021 | 0.4 mi |
F 4022 Prospect Avenue Sold | $1,820,000 | 2 | 2 | 2,090 | $871 | 0.3 mi |
G 4311 Finley Avenue Sold | $2,228,800 | 3 | 3 | 2,184 | $1,021 | 0.7 mi |
H 4310 Cedarhurst Circle Sold | $2,510,000 | 4 | 4 | 2,644 | $949 | 0.8 mi |
I 3850 Udell Court Active | $1,870,000 List Price | 4 | 3 | 2,180 | $858 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1952, the property has undergone a comprehensive, high-end renovation within the last 5 years. The images show a designer bathroom with modern gold fixtures and tile, an upgraded kitchen with a large island, and updated black-frame windows throughout. The systems appear modernized, and the exterior features newer decking and professional landscaping, meeting the criteria for mint condition with no immediate maintenance required.
Elementary School: Ivanhoe Elementary School (9/10).
Situated in the highly desirable Franklin Hills, this property is zoned for the top-rated Franklin Elementary and offers excellent walkability to the vibrant shops, cafes, and nightlife of Los Feliz Village.
The street-to-street lot is masterfully utilized to provide rare flat grassy areas, a gated courtyard, a built-in spa, and multiple dining patios, creating a private and versatile oasis for entertaining.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2120, other record living area = 2009.
The home's layout spans multiple levels and includes a spiral staircase to access the lower deck, which may be a concern for buyers seeking single-level living or improved mobility access.
The property is currently listed at $1.999M, which is significantly lower than its 2023 sale price of $2.277M, potentially signaling a sharp market correction or a previous overvaluation.
Tucked into the Franklin Hills, this beautifully updated and exceptionally private home on a street-to-street lot pairs inviting interiors with verdant views and an abundance of outdoor living space. Beyond a gated, landscaped courtyard lounge area, the 2,120 sf home opens to a bright and spacious main level. The open concept layout brings together an upgraded kitchen with a generous eat-in island, a dining area framed by oversized corner windows, and a cozy living room centered with gas fireplace. Step onto the balcony to enjoy morning coffee alongside peekaboo views of the San Gabriel mountain, or follow the spiral staircase down to a private deck with a built-in spa. A guest bedroom, full hall bath, and hall storage complete this level.Downstairs, the oversized primary suite offers a peaceful retreat overlooking the yard and neighboring hillsides. Cork flooring, built-in window seating, and an en suite bath add warmth and character to the space.Adjacent to the primary suite, a versatile fourth bedroom/office provides a highly customizable blank slate for a home workspace, studio, media room, gym, walk-in closet or guest quarters. Through french doors, this space features direct access to the sunny spa deck. A separate guest suite with a full bath, along with a dedicated laundry area, completes the lower level. Nearly every part of the home connects effortlessly to the outdoors. A flat grassy lawn is framed by multiple gathering spaces, including a brick dining patio with a babbling fountain and a fire pit lounge surrounded by California native landscaping. Whether entertaining friends, playing with the kids, relaxing in the spa, or simply enjoying this green and private setting, 2246 Lyric offers a rare sense of privacy and versatility. Zoned for Franklin Elementary and walkable to Los Feliz Village and shops, restaurants, nightlife, and cafes along Hyperion Avenue.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades K-6 • 0.7 mi
Grades K-5 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,120 | 1,672 |
| Lot Size | 6,287 | 6,067 |
| Price | $2.00M | $1.37M |
| Price per sq ft | $943 | $801 |
| Built year | 1952 | 1939 |
| HOA | $0 | $348 |
| Days on market | 9 | 56 |
Jul 13, 2026
$1,999,000
Initial Listing
May 10, 2023
$2,277,000
Public Record
Feb 10, 2011
$625,000
Public Record