2491 Ivan Hill Terrace, Los Angeles, California 90039, Los Angeles, 90039 - 2 bed, 2 bath

2491 Ivan Hill Terrace, Los Angeles, California 90039 home-pic-0

2491 Ivan Hill Terrace

Los Angeles, California 90039

ACTIVE
CONDITION: EXCELLENT
2Beds
2Baths
1,122Sq Ft
6,520Lot Size

Property Price

LIST PRICE$1,395,000
EST. MARKET VALUE
$1,422,108

SUMMARY

Analysis of 2491 Ivan Hill Terrace, Los Angeles, California 90039 reveals a Fairly Priced Property with a current list price of $1,395,000  aligned with the estimated $1,422,108 Fair Market Value. This represents a stable investment opportunity at market rate. 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

$1,422,108
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
2491 Ivan Hill Terrace
Subject
$1,395,000*
List Price
221,122$1,267-
A
3409 Hollydale Drive
Sold
$1,345,000321,229$1,0940.7 mi
B
3410 Greensward Road
Sold
$1,445,000321,340$1,0780.7 mi
C
1926 Whitmore Avenue
Sold
$1,097,600221,024$1,0720.7 mi
D
2016 Lake Shore Avenue
Sold
$1,408,00022926$1,5211.0 mi
E
2601 Silver Ridge Avenue
Sold
$1,751,000121,524$1,1490.2 mi
F
3152 Atwater Avenue
Active
$1,600,000
List Price
321,216$1,3160.7 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Excellent
TeardownExcellent

Property is new construction or fully renovated.

Although originally built in 1931, the property underwent an extensive and comprehensive renovation in 2021, meeting the criteria for a full renovation within the last 5 years. The upgrades include a completely remodeled modern kitchen with quartz countertops and stainless steel appliances, updated bathrooms, and significant system overhauls including a new roof, HVAC, electrical rewiring, plumbing repipe, and new windows. The interior features clean contemporary finishes and streamlined detailing, presenting a virtually new living environment with no deferred maintenance.

PROSSTRENGTHS & OPPORTUNITIES

  • Prime Silver Lake Location

    Situated at the end of a quiet cul-de-sac in the highly desirable Silver Lake hills, the property offers exceptional privacy and proximity to the Reservoir and popular neighborhood cafes.

  • Comprehensive 2021 Upgrades

    The home underwent significant system improvements in 2021, including a new roof, HVAC installation, electrical rewiring, plumbing repipe, and a full kitchen remodel, ensuring modern functionality and comfort.

  • Significant Value-Add Potential

    The lower level features a previous permit application for a 1,064-square-foot ADU and Junior ADU conversion, providing a unique opportunity for the next owner to substantially increase square footage and rental income potential.

CONSRISKS & DEFICIENCIES

  • Permit and Compliance Risks

    The listing explicitly states that certain improvements may not be permitted and the ADU application was never completed, requiring the buyer to assume the risk and cost of independent verification and legalization.

  • As-Is Sale Condition

    The property is being sold in as-is condition, which may limit the seller's willingness to address any issues discovered during inspections or provide credits for unfinished projects.

About 2491 Ivan Hill Terrace

Perched at the end of a quiet cul-de-sac in the Silver Lake hills, 2491 Ivan Hill Terrace is a private hillside retreat offering architectural flexibility, layered outdoor spaces, and meaningful system upgrades in one of the Eastside’s most sought-after neighborhoods. Currently configured as a 4 bedroom, 3 bath single-family residence, the layout adapts effortlessly to entertaining, creative workspace, remote work, or multi-generational living. Reimagined with clean contemporary finishes, the open living and dining areas are filled with natural light and connect seamlessly to a modern kitchen with quartz countertops and stainless steel appliances, while updated baths and streamlined detailing create a cohesive, move-in-ready aesthetic. Significant improvements completed in 2021 include roof replacement, HVAC installation, electrical upgrade and rewiring, plumbing repipe, kitchen remodel, window replacement, and bathroom updates. The lower level introduces substantial additional living space that expands the home’s versatility and invites imaginative use as a studio, guest suite, office, or media retreat. In 2023, a permit application was submitted for conversion of the lower level into a proposed 568 square foot ADU and 496 square foot Junior ADU totaling approximately 1,064 square feet, the application was not completed, creating potential for a future owner to pursue completion and further enhance value, subject to buyer verification of status and feasibility with LADBS. Additionally, set on a 6,520 square foot lot elevated above the street and framed by mature eucalyptus, yucca, and pine, the property features two sunlit terraces designed for dining, gathering, and relaxed evenings outdoors, along with more private garden areas that enhance the sense of retreat. Located near the Silver Lake Reservoir and neighborhood cafés, this hillside home offers both immediate comfort and long-term potential. Certain improvements and/or additions may not be permitted. Buyers are encouraged to independently verify square footage, permits, zoning, and legal use of all spaces. Property sold as-is. Seller reserves the right to accept an offer prior to offer deadline.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1931
Lot Size
6,520 Sq. Ft.

Interior

Total Bedrooms
2
Total Bathrooms
2 (2 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)
Beds2.03.0
27%
Baths2.03.0
47%
Square foot1,1221,672
29%
Lot Size6,5205,404
69%
Price$1.40M$1.58M
38%
Price per sq ft$1.2K$1.1K
81%
Built year19311929
54%
HOA$0$0
50%
Days on market4163
2%

Pricing History

Listed for Sale

Mar 2, 2026

$1,395,000

Initial Listing

Sold

Jan 23, 2025

$1,112,500

Public Record

Sold

Oct 14, 2021

$1,550,000

Public Record

Sold

Dec 8, 2020

$745,000

Public Record

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