
Los Angeles, California 90039
This 1926 Silver Lake Bungalow is a Strong Value Opportunity, listed at $1,299,000—positioned well below the $1,389,528 Fair Market Value by 6%. This valuation gap offers $90,528 in Instant Equity for the buyer. Featuring a Condition Rating of 2, the home offers designer-enhanced interiors and a rare three-tier backyard with direct trail access. With LAR2 Zoning and a versatile lower-level space, this property is an ideal acquisition for Owner-Occupants or investors seeking a high-potential, move-in-ready asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2380 Lake View Avenue Subject 2 bd · 2 ba · 1,303 sqft · $1,051 | $1,299,000* List Price | 2 | 2 | 1,303 | $1,051 | - |
A 2449 Riverside Place Sold 2 bd · 2 ba · 1,290 sqft · $887 · 0.1 mi | $1,144,000 | 2 | 2 | 1,290 | $887 | 0.1 mi |
B 2218 Silver Ridge Sold 3 bd · 2 ba · 1,276 sqft · $1,019 · 0.2 mi | $1,300,000 | 3 | 2 | 1,276 | $1,019 | 0.2 mi |
C 2321 Lake View Avenue Sold 3 bd · 2 ba · 1,509 sqft · $755 · 0.1 mi | $1,140,000 | 3 | 2 | 1,509 | $755 | 0.1 mi |
D 2656 Glendale Boulevard Sold 2 bd · 2 ba · 1,233 sqft · $1,127 · 0.6 mi | $1,390,000 | 2 | 2 | 1,233 | $1,127 | 0.6 mi |
E 2931 Tyburn Street Sold 3 bd · 2 ba · 1,281 sqft · $1,069 · 1.0 mi | $1,370,000 | 3 | 2 | 1,281 | $1,069 | 1.0 mi |
F 2448 Riverside Pl Active Under Contract 3 bd · 2 ba · 1,680 sqft · $863 · 0.1 mi | $1,450,000 List Price | 3 | 2 | 1,680 | $863 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1926, this property has undergone a high-end, designer-led modernization. The kitchen and bathrooms feature contemporary finishes, custom wallpaper, and updated fixtures. With mint-condition oak herringbone floors and a fully renovated aesthetic, the home meets the criteria for a recent renovation (<5 years) and is in move-in-ready condition.
The property features a rare three-tier backyard with direct access to the historic Corralitas Red Car Trail, offering a private park-like setting with stunning mountain views.
Zoned LAR2 on a 4,800 sqft lot, the property provides significant upside for investors or homeowners to build an ADU or a second residence to maximize value.
This 1926 bungalow blends historic charm with modern designer finishes and includes a bonus lower-level space with a private entrance, ideal for a creative studio or home office.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1303, other record living area = 1015.
With only two bedrooms and 1,303 square feet, the home's footprint may be restrictive for growing families or buyers requiring more traditional interior space.
The property offers only a one-car garage, which can be a significant drawback in the Silver Lake hills where street parking is often limited and difficult for guests.
Beyond the garden gate lies this home's best-kept secret: a private, three-tier backyard with direct access to one of Silver Lake's hidden hiking trails. Tucked into the Silver Lake hills, this 1926 bungalow feels less like a typical home and more like a boutique hotel - designer-enhanced, warm, and thoughtfully layered throughout. Rich oak herringbone floors, soft coved ceilings, and an oversized picture window fill the living room with natural light. A skylit foyer opens into the living room, where those tones carry through to the dining area and a handmade banquette dressed in custom cushions. The kitchen has been thoughtfully modernized, with mountain views through the windows and a laundry area tucked just off to the side. Custom drapery and wallpaper finish the full bathroom that rounds out the main floor. A hand-painted stairway, lit by vintage fixtures, leads down to two bedrooms and a second full bathroom. Below, a bonus lower-level space with its own exterior entrance is ready for your vision - a home office, creative studio, or storage today, with room to finish out and make fully your own. A one-car garage with a full attic above adds to the ample storage found throughout the rest of the property. The backyard is where the home turns into a playground, laid out across three distinct tiers: a top deck with hills and mountain views, a shaded second-level patio for lounging, and a large, park-like lower yard. The yard leaves room to grow. A pool, cold plunge, or ADU would all sit easily on the lot, which is zoned LAR2, giving a buyer the added opportunity to develop a second residence. Beyond the private backyard gate is direct access to the historic Corralitas Red Car Trail - one of the many secret hikes in Silver Lake. Whether you're hosting under the stars or walking to the Silver Lake Reservoir, Salazar, and Whole Foods, this property is magical!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,303 | 1,675.469 |
| Lot Size | 4,800 | 6,126.393 |
| Price | $1.30M | $1.34M |
| Price per sq ft | $997 | $800 |
| Built year | 1926 | 1941 |
| HOA | $0 | $262 |
| Days on market | 36 | 56 |
Sep 18, 2026
$1,299,000
Initial Listing
Jul 10, 2024
$1,435,000
Public Record
Feb 13, 2018
$760,000
Public Record