
Los Angeles, California 90039
This Versatile Compound Property represents a Prime Investment Opportunity, listed at $1,149,000—positioned well below the $1,180,676 Fair Market Value by 2%. This valuation gap provides $31,676 in Instant Equity. With a Condition Rating of 3, the property features a well-maintained bungalow and a modern detached guest house, offering significant rental income potential. Its unique layout and direct access to the Corralitas Red Car Trail make it an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a flexible live/work environment in Silver Lake.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2449 Riverside Place Subject | $1,149,000* List Price | 2 | 2 | 1,290 | $915 | - |
A 2321 Lake View Avenue Sold | $1,140,000 | 3 | 2 | 1,509 | $755 | 0.2 mi |
B 2116 Apex Avenue Sold | $1,471,000 | 3 | 2 | 1,321 | $1,114 | 0.6 mi |
C 2074 Cerro Gordo Street Sold | $1,416,000 | 2 | 3 | 1,388 | $1,020 | 0.7 mi |
D 3239 Hollydale Drive Sold | $1,395,000 | 2 | 2 | 1,220 | $1,143 | 0.8 mi |
E 3041 Atwater Sold | $1,230,000 | 3 | 2 | 1,352 | $910 | 0.7 mi |
F 2931 Tyburn Street Active Under Contract | $1,395,000 List Price | 3 | 2 | 1,281 | $1,089 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While originally built in 1925, the property is well-maintained and move-in ready. The detached guest house features a modern kitchen and contemporary finishes (likely <10 years old), while the main bungalow shows evidence of high-quality maintenance and functional, though slightly older, updates to the kitchen and systems.
The property features a main bungalow, a detached loft guest house with a kitchen, and a separate office shed, offering exceptional flexibility for rental income, multi-generational living, or a creative live/work environment.
Ideally situated near the Silver Lake Reservoir and Sunset Boulevard, this home offers high walkability to trendy cafes and boutiques while providing direct gated access to the historic Corralitas Red Car Trail.
Built in 1925, the home retains classic California bungalow charm and is surrounded by mature, lush landscaping that creates a serene, private retreat feel in a dense urban setting.
The main residence is configured as a 1-bedroom bungalow, which may limit its appeal to traditional families or buyers requiring multiple bedrooms within the primary structure.
At 3,630 square feet, the lot is relatively small for a multi-structure compound, which may result in a higher density feel and limited yard space for larger-scale outdoor activities.
Set within a lush, garden-filled setting in the heart of Silver Lake, this distinctive property blends classic California bungalow charm with flexible compound-style living. The front residence is a beautifully maintained 1-bedroom, 1-bath bungalow surrounded by mature landscaping that creates a private, serene retreat. Warm wood floors, curated interiors, and effortless indoor-outdoor flow define the home, with multiple outdoor spaces designed for both quiet living and relaxed entertaining. At the rear, a detached open floor-plan loft guest house offers a versatile secondary living space with soaring vaulted ceilings, exposed beams, a lofted sleeping area, and an airy main living level with kitchen below. Ideal for guests, creative use, rental income, or a live/work environment. A separate detached office shed adds additional flexibility for work-from-home or studio use. The property backs to the historic Corralitas Red Car Trail, with nearby informal parking and direct gated access into the backyard. Mature trees and layered outdoor spaces create a relaxed, private compound feel rarely found at this price point on the Eastside. Ideally located near Sunset Boulevard, the Silver Lake Reservoir, Echo Park Lake, and a curated mix of cafes, restaurants, and boutique shops, with easy access to Los Feliz, Atwater Village, Glendale, and Downtown LA. A rare opportunity to own a character-rich property with flexible living options in one of Los Angeles' most sought-after neighborhoods.
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 | 1,290 | 1,672 |
| Lot Size | 3,630 | 6,067 |
| Price | $1.15M | $1.37M |
| Price per sq ft | $891 | $801 |
| Built year | 1925 | 1939 |
| HOA | $0 | $348 |
| Days on market | 23 | 56 |
Jun 29, 2026
$1,149,000
Initial Listing
Apr 15, 2003
$283,000
Public Record
Oct 10, 2000
$180,000
Public Record
Dec 17, 1999
$70,000
Public Record