2348 Baxter Street, Los Angeles, California 90039, Los Angeles, 90039 - 5 bed, 5 bath

2348 Baxter Street, Los Angeles, California 90039 home-pic-0

2348 Baxter Street

Los Angeles, California 90039

ACTIVE
CONDITION: EXCELLENT
5Beds
5Baths
3,508Sq Ft
5,872Lot Size

Property Price

LIST PRICE$1,995,000
EST. MARKET VALUE
$2,229,988
10% BelowMARKET VALUE

SUMMARY

Analysis of 2348 Baxter Street, Los Angeles, California 90039 reveals a Prime Investment Opportunity with a current list price of $1,995,000—significantly undercutting the $2,229,988 Fair Market Value by 10%. This valuation gap indicates a +$234,988 Instant Equity potential for buyers. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Estimated Market Value

$2,229,988 +$234,988 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
2348 Baxter Street
Subject
$1,995,000*
List Price
553,508$636-
A
2336 Hidalgo Avenue
Sold
$2,350,000443,457$6800.5 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Excellent
TeardownExcellent

Property is new construction or fully renovated.

This property is a brand-new 2024 construction, meeting the highest standards for the 'excellent' category. It features modern Mediterranean styling, high-end stainless steel appliances including a double oven, en-suite bathrooms for multiple bedrooms, and contemporary finishes throughout. As a new build, all major systems, flooring, and fixtures are in pristine condition with no physical depreciation or deferred maintenance.

PROSSTRENGTHS & OPPORTUNITIES

  • Modern New Construction

    Built in 2024, this 3,508 sq ft Mediterranean-style home offers contemporary amenities, five en-suite bedrooms, and a finished basement, providing a turnkey luxury experience.

  • Exceptional Views

    The property features breathtaking views of the Silver Lake Reservoir and a 360-degree rooftop deck, maximizing its elevated position for premium indoor-outdoor living.

  • Prime Silver Lake Location

    Situated in a highly sought-after neighborhood, the home is conveniently close to the reservoir and the area's best dining and shopping, offering a premier urban lifestyle.

CONSRISKS & DEFICIENCIES

  • Short Sale Complexity

    The property is a short sale subject to lender approval, which typically involves a more prolonged and unpredictable closing process compared to standard transactions.

  • Challenging Topography

    Located on Baxter Street, one of Los Angeles' steepest roads, the property may present accessibility and parking challenges for guests despite the private driveway.

About 2348 Baxter Street

Built in 2024, this Mediterranean-style gem spans 3,508 sq ft and offers breathtaking views of the Silver Lake Reservoir. With 5 spacious bedrooms, 5 bathrooms, and seamless indoor-outdoor flow with balconies all around, this home has everything you need to live comfortably, host elegantly, and unwind in your ultimate urban sanctuary. As you enter the double-doors on the main floor, you are welcomed to a large living space with a balcony as well as three en-suite bedrooms, including the primary suite. Taking the elegant spiral staircase up, you enter the main living area with two more bedrooms, the dining space that opens up to another beautiful balcony with reservoir views, as well as the open kitchen with stainless steel appliances, including a double oven perfect for the chef of the home! The expansive rooftop deck has incredible 360 views, and the lower level boasts over 700 sq ft of finished basement space, an extra storage area, and a two-car garage leading out to a long driveway, providing ample space for parking. Conveniently located close to the reservoir as well as Silver Lake's best cafes, shops, and restaurants, this is more than a home it's a lifestyle. Don't miss the opportunity to make it yours! Short sale, subject to lender approval.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
2024
Lot Size
5,872 Sq. Ft.

Interior

Total Bedrooms
5
Total Bathrooms
5 (5 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds5.03.0
95%
Baths5.03.0
97%
Square foot3,5081,697
97%
Lot Size5,8725,404
60%
Price$2.00M$1.59M
71%
Price per sq ft$569$1.1K
4%
Built year20241929
99%
HOA$0$0
50%
Days on market11163
2%

Pricing History

Listed for Sale

Feb 23, 2026

$1,995,000

Initial Listing

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