
Los Angeles, California 90039
This 1924 California bungalow represents a Strong Value Opportunity, listed at $899,000—positioned well below the $977,687 Fair Market Value by 8%. This valuation gap provides $78,687 in Instant Equity for the buyer. Featuring a Fair Condition Rating, the home offers a unique 3-bedroom layout with a versatile separate flex space and a private deck with sweeping hill views. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a creative, historic Silver Lake retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2306 Loma Vista Place Subject | $899,000* List Price | 3 | 1 | 920 | $1,072 | - |
A 2621 Silver Ridge Sold | $1,050,000 | 2 | 1 | 1,042 | $1,008 | 0.6 mi |
B 1924 Cerro Gordo Street Sold | $795,000 | 2 | 2 | 636 | $1,250 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
This 1924 bungalow is well-maintained and move-in ready, but the 'vintage' bathroom and dated galley kitchen suggest renovations are likely 20+ years old. While the electrical panel appears updated and the home is functional, the age of the primary finishes and the 'vintage' description of the bath align with the fair criteria.
Situated on a coveted 'stair street,' this property offers a rare blend of privacy, historic charm, and a creative atmosphere within a sought-after artists' enclave.
The separate third bedroom with its own exterior entrance provides an ideal setup for a creative studio, home office, or guest suite, maximizing the home's utility.
The private fenced garden, featuring vibrant bougainvillea and a built-in lounge deck, creates a serene retreat with stunning tree-top and hill views.
The property is located on a pedestrian-only stair street with no direct vehicle access or on-site parking, requiring a climb that may be difficult for some residents or guests.
With only 920 square feet and a single vintage bathroom serving three bedrooms, the interior living space and plumbing facilities are relatively constrained for modern needs.
Hidden away on one of Silver Lake's iconic stair streets, this charming California bungalow feels like a well-kept local secret. If you love your privacy, this is the place you've dreamt of. The journey home is part of the experience. Ascend the stairs, past the other beautiful period homes of this historic area. The city disappears below you as arrive at your front gate and enter your private fenced garden that feels worlds away from the city below. Step into your light-filled living and dining space where warm wood floors and tree-top views create a bright, inviting atmosphere. The open layout flows seamlessly into the streamlined galley kitchen, two comfortable bedrooms, and a charming vintage bath. Just outside the kitchen, an exterior staircase leads down to a separate third bedroom, the ultimate flex space for a creative studio, home office, guest suite, or peaceful retreat. An additional unfinished storage and laundry room offers plenty of room for bikes, gear, and future possibilities.The front garden is pure Silver Lake magic. A quaint entry pathway leads from your front gate through the garden with its vibrant bougainvillea and views of the surrounding hills to your French door entry. The intimate outdoor spaces lend themselves to golden-hour cocktails, or late-night conversations under the stars. The built-in lounge deck, adjacent to the house, is perfect for those gentle mornings enjoying coffee or starting your day on your yoga mat. Long celebrated as an artists' enclave, this intimate stair street is home to a close-knit collection of residences perched above the neighborhood with sweeping city views and a vibe that's equal parts creative, peaceful, and unmistakably Silver Lake. Just moments from the Silver Lake Reservoir, neighborhood cafes, independent boutiques, acclaimed restaurants, and local favorites, you'll enjoy the best of the Eastside. With easy access to Glendale's Americana & Burbank's Studios you're in the middle of it all while still feeling far, far away. There is ample street parking at the base of the stairs on Alessandro Way. Your legs are going to look amazing from your regular travel up and down the iconic scenic stairway and your friends will be amazed by your increased stamina! Rarely do homes come available on this quiet, coveted street. Why buy a condo with HOA dues and people all around you when you can buy a single family house with your own garden? This is your opportunity to be one of the lucky few homeowners to live in this enchanted micro neighborhood. If you know, you know.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 920 | 1,664.159 |
| Lot Size | 2,680 | 6,066.556 |
| Price | $899.0K | $1.35M |
| Price per sq ft | $977 | $806 |
| Built year | 1924 | 1939 |
| HOA | $0 | $278 |
| Days on market | 38 | 55 |
Aug 2, 2026
$899,000
Initial Listing
Sep 22, 2021
$799,000
Public Record