
Los Angeles, California 90027
This authentic 1953 mid-century modern residence is a High-Potential Investment Opportunity, listed at $2,169,000—positioned well above the $2,046,229 Fair Market Value by -5%. While the home requires modernization, its Fair Condition Rating and architectural significance on a rare street-to-street lot offer immense upside. Located in Franklin Hills near Top-Rated Schools like Ivanhoe Elementary, the property features expansive gardens, panoramic canyon views, and a detached two-car garage. This is a compelling acquisition for Value-Add Investors or Owner-Occupants seeking a timeless architectural legacy.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2338 Lyric Avenue Subject | $2,169,000* List Price | 4 | 2 | 1,980 | $1,033 | - |
A 2315 Nella Vista Avenue Sold | $1,730,000 | 4 | 2 | 1,706 | $1,014 | 0.9 mi |
B 2105 Ames Street Sold | $1,753,000 | 3 | 2 | 2,193 | $799 | 0.6 mi |
C 4116 Camero Avenue Sold | $1,530,000 | 2 | 2 | 1,342 | $1,140 | 0.4 mi |
D 3836 De Longpre Avenue Active | $1,649,000 List Price | 3 | 3 | 2,082 | $792 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1953 and owned by the same family for over 25 years, the home is well-maintained but dated. The bathroom features a renovation style (glass floating vanity and tile) likely from the late 1990s or early 2000s, placing it in the 15-30 year renovation bracket. While architecturally significant, the age of the finishes and likely older systems align with the 'Fair' condition criteria.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7984, living area = 1980.
Elementary School: Ivanhoe Elementary School (9/10).
An authentic 1953 mid-century modern residence embodying the Case Study House movement, featuring signature walls of glass and a seamless indoor-outdoor flow.
With four bedrooms but only two bathrooms, the ratio may be inconvenient for larger families or modern buyer expectations at this price point.
Having been held by the same owners for over 25 years, the home likely requires updates to its core systems and finishes to align with contemporary luxury standards.
A remarkable expression of mid-century California modernism, 2338 Lyric Avenue was conceived circa 1953 as a study in simplicity, light, nature, and harmony. Exemplary of its era and deeply aligned with the ideals that shaped the Case Study House Program of Arts & Architecture, the residence embodies the thinking of a generation of architects who transformed the California lifestyle. With its simple yet dynamic forms, open relationship to nature and effortless connection between interior and exterior, the home evokes the celebrated work of visionaries such as Cliff May, Pierre Koenig and Richard Neutra. Here, architecture is not imposed upon the landscape it becomes part of the landscape. Dramatically positioned on an oversized street to street lot in the coveted Franklin Hills, the residence is reached through private gates and drive, creating an immediate sense of discovery and seclusion. Mature landscaping surrounds the property, while expansive gardens become a living backdrop to the architecture. The architect's defining gesture was to dissolve the boundaries between inside and out. Walls of glass and open, flowing spaces extend toward the landscape. The result is an unusually immersive experience of California living - private, peaceful, and intimately connected to the natural world. Emotional in its setting and timeless in its design, 2338 Lyric is a rare opportunity to acquire an authentic mid-century modern residence that has remained cherished by the same owners for more than a quarter century. Incredible storage. Gated and private, with a detached two-car garage and moments from the studios, Los Feliz Village and Downtown Los Angeles, this is California modernism in its most compelling form.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades K-6 • 0.6 mi
Grades K-5 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,980 | 1,664.159 |
| Lot Size | 7,984 | 6,066.556 |
| Price | $2.17M | $1.35M |
| Price per sq ft | $1.1K | $806 |
| Built year | 1953 | 1939 |
| HOA | $0 | $278 |
| Days on market | 12 | 55 |
Aug 28, 2026
$2,169,000
Initial Listing
Jul 19, 2000
$402,500
Public Record
Jun 30, 1999
$366,000
Public Record