Realkey.ai
RealKey
‪(213) 433-7766‬

2491 Ivan Hill Terrace, Los Angeles, California 90039, Los Angeles, 90039 - 4 bed, 3 bath

2491 Ivan Hill Terrace, Los Angeles, California 90039 home-pic-0
ACTIVE$1,289,000$2,186/sqft
Est. Value: $1,378,761
6%
BelowEstimate
2491 Ivan Hill Terrace, Los Angeles, California 90039
4Beds
3Baths
2,186Sqft
6,520Lot

Price Vs. Estimate

The estimated value ($1,378,761.1) is $89,761.1 (6%) higher than the list price ($1,289,000). This property may be underpriced.

Key pros and cons

Top Pros:
Versatile Layout & Income Potential: The property offers a highly flexible 4 bed/3 bath configuration, allowing for multi-generational living, potential rental income, or a dedicated workspace/studio due to its distinct upstairs (2 beds/2 baths) and downstairs (2 beds/1 bath) units.
Top Cons:
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 2186, other record living area = 1122. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 2.

Compared to the nearby listings

Price:$1.29M vs avg $1.45M ($-161,000)30%
Size:2,186 sqft vs avg 1,600 sqft75%
Price/sqft:$590 vs avg $1.0K3%

More Insights

Built in 1931 (95 years old).
Condition: Despite being built in 1931, the property has undergone a comprehensive and high-quality renovation, as described by 'beautifully reimagined and ready to move in' and 'all updated with minimal sophisticated touches.' The images confirm this, showcasing a virtually new kitchen with modern stainless steel appliances, quartz countertops, and sleek cabinetry. Bathrooms feature contemporary vanities, stylish tile work (herringbone patterns), glass shower enclosures, and modern fixtures. Flooring throughout is new hardwood/LVP, and lighting consists of recessed lights and modern fixtures. Mini-split AC units are visible in the downstairs unit, and the overall aesthetic is fresh and current, indicating an extensive renovation within the last 5 years with no visible deferred maintenance.
Year Built
1931
Close
-
List price
$1.29M
Original List price
$1.29M
Price/Sqft
$590
HOA
-
Days on market
-
Sold On
-
MLS number
26637541
Home ConditionExcellent
Features
Good View: Park/Greenbelt
Deck
Patio
ViewPark/Greenbelt

About this home

Modern Mediterranean home in the hills of Silver Lake. Set at the end of a private cul-de-sac street and beautifully reimagined and ready to move in. This light-filled beauty features a spacious open floorpan perfect for entertaining, a cook's kitchen with quartz counters & stainless steel appliances, spacious bedrooms, sleek bathrooms and it's all updated with minimal sophisticated touches. This 4 bed/3bath property can function as a single family home, or the buyer has the option for multi generational living, additional income or a separate workspace/studio/office (upstairs has 2 beds/2baths 1,122 sqft and downstairs has 2beds/1bath 1,064sqft). The backyard offers a mix of intimate and grand outdoor spaces, set along the hillside the sun-splashed terrace is a great place to rest and retreat. A few steps down a more private setting, the patio is surrounded lush greenery and allows for al fresco dining any time of the day. The yard space is shaded by mature eucalyptus, yucca, and pine trees, with a flat grass pad and garden area. You have the option to create whatever you want here, with the possibility to add a pool/spa (check with city). Located within the award-winning school district / Ivanhoe Elementary.

R
Reza Farahan
Listing Agent

Price History

Date
Event
Price
01/23/25
Sold
$1,112,500
10/14/21
Sold
$1,550,000
12/08/20
Sold
$745,000
Condition Rating
Excellent
Despite being built in 1931, the property has undergone a comprehensive and high-quality renovation, as described by 'beautifully reimagined and ready to move in' and 'all updated with minimal sophisticated touches.' The images confirm this, showcasing a virtually new kitchen with modern stainless steel appliances, quartz countertops, and sleek cabinetry. Bathrooms feature contemporary vanities, stylish tile work (herringbone patterns), glass shower enclosures, and modern fixtures. Flooring throughout is new hardwood/LVP, and lighting consists of recessed lights and modern fixtures. Mini-split AC units are visible in the downstairs unit, and the overall aesthetic is fresh and current, indicating an extensive renovation within the last 5 years with no visible deferred maintenance.
Pros & Cons

Pros

Versatile Layout & Income Potential: The property offers a highly flexible 4 bed/3 bath configuration, allowing for multi-generational living, potential rental income, or a dedicated workspace/studio due to its distinct upstairs (2 beds/2 baths) and downstairs (2 beds/1 bath) units.
Modern & Updated Interiors: Recently 'reimagined' and move-in ready, featuring a spacious open floorplan, a cook's kitchen with quartz counters & stainless steel appliances, and sleek, updated bathrooms, all finished with minimal sophisticated touches.
Exceptional Outdoor Living Spaces: Boasts a mix of intimate and grand outdoor areas, including a sun-splashed terrace, a private patio surrounded by lush greenery for al fresco dining, a flat grass pad, and a garden area, with the possibility to add a pool/spa.
Prime Location & Privacy: Nestled in the desirable Silver Lake hills, at the end of a private cul-de-sac, providing an exclusive and tranquil living environment.
Award-Winning School District: Located within the highly-regarded Ivanhoe Elementary school district, a significant advantage for families seeking quality education.

Cons

MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 2186, other record living area = 1122. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 2.
Recently Sold Property: The property was recently sold within the past year on 2025-01-23. The sold price is $1,112,500.00.
Age of Property: Built in 1931, while updated, the underlying structure and systems may still be original or require ongoing maintenance typical of older homes, which could lead to unforeseen costs.
No Mention of Cooling System: The property description does not specify the presence of an air conditioning system, which could be a significant comfort concern during Los Angeles' warmer months.
Hillside Property Considerations: Being 'set along the hillside' may present challenges such as steep access, potential for ongoing hillside maintenance, or specific foundation considerations inherent to such properties.
Browse Properties by State Browse housing market trends by state