
Los Angeles, California 90027
This Authentic Mid-Century Modern Residence is a Strong Value Opportunity, listed at $2,169,000—positioned well below the $2,205,346 Fair Market Value by 1.65%. This valuation gap offers $36,346 in Instant Equity. Featuring an Excellent Condition Rating with recent kitchen and bath updates, the home offers seamless indoor-outdoor living on a private, oversized lot. Located in the coveted Los Feliz area near Top-Rated Schools like Ivanhoe Elementary, this property is an ideal acquisition for Owner-Occupants or design-conscious professionals seeking a timeless architectural sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2338 Lyric Avenue Subject 3 bd · 2 ba · 1,980 sqft · $1,065 | $1,995,000* List Price | 3 | 2 | 1,980 | $1,065 | - |
A 2246 Lyric Avenue Sold 4 bd · 3 ba · 2,120 sqft · $991 · 0.1 mi | $2,100,000 | 4 | 3 | 2,120 | $991 | 0.1 mi |
B 1865 Talmadge Street Sold 4 bd · 2 ba · 1,864 sqft · $849 · 0.5 mi | $1,582,500 | 4 | 2 | 1,864 | $849 | 0.5 mi |
C 3217 Lowry Road Sold 3 bd · 3 ba · 1,635 sqft · $1,217 · 0.7 mi | $1,990,000 | 3 | 3 | 1,635 | $1,217 | 0.7 mi |
D 4325 Price Street Sold 3 bd · 3 ba · 1,645 sqft · $1,125 · 0.7 mi | $1,850,000 | 3 | 3 | 1,645 | $1,125 | 0.7 mi |
E 3991 Prospect Avenue Sold 3 bd · 3 ba · 1,469 sqft · $1,232 · 0.2 mi | $1,810,000 | 3 | 3 | 1,469 | $1,232 | 0.2 mi |
F 4171 Holly Knoll Drive Sold 4 bd · 3 ba · 2,209 sqft · $1,081 · 0.5 mi | $2,389,000 | 4 | 3 | 2,209 | $1,081 | 0.5 mi |
G 3019 Maxwell Street Sold 3 bd · 2 ba · 1,730 sqft · $1,282 · 0.7 mi | $2,217,777 | 3 | 2 | 1,730 | $1,282 | 0.7 mi |
H 3836 De Longpre Avenue Active 3 bd · 3 ba · 2,082 sqft · $718 · 0.5 mi | $1,495,000 List Price | 3 | 3 | 2,082 | $718 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1953, the property has undergone significant renovations to the kitchen and bathrooms that appear to be within the 5-15 year range. The interior features well-maintained hardwood floors, updated cabinetry, and modern fixtures, making it move-in ready and functional.
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 era, featuring signature walls of glass and seamless indoor-outdoor integration.
The residence features four bedrooms but only two bathrooms, which may be considered insufficient for modern luxury standards at this price point.
Having been held by the same owner for over 25 years, the home likely requires updates to its core systems and finishes to meet contemporary expectations.
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 | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,980 | 1,670.836 |
| Lot Size | 7,984 | 6,152.156 |
| Price | $2.00M | $1.34M |
| Price per sq ft | $1.0K | $807 |
| Built year | 1953 | 1941 |
| HOA | $0 | $238 |
| Days on market | 30 | 56 |
Oct 28, 2026
$1,995,000
$2,169,000
-8% Price Drop
Initial Listing
Oct 10, 2026
$2,169,000
Initial Listing
Jul 19, 2000
$402,500
Public Record
Jun 30, 1999
$366,000
Public Record