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

2491 Ivan Hill Terrace
Los Angeles, California 90039
Property Price
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
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2491 Ivan Hill Terrace Subject | $1,395,000* List Price | 2 | 2 | 1,122 | $1,267 | - |
A 3409 Hollydale Drive Sold | $1,345,000 | 3 | 2 | 1,229 | $1,094 | 0.7 mi |
B 3410 Greensward Road Sold | $1,445,000 | 3 | 2 | 1,340 | $1,078 | 0.7 mi |
C 1926 Whitmore Avenue Sold | $1,097,600 | 2 | 2 | 1,024 | $1,072 | 0.7 mi |
D 2016 Lake Shore Avenue Sold | $1,408,000 | 2 | 2 | 926 | $1,521 | 1.0 mi |
E 2601 Silver Ridge Avenue Sold | $1,751,000 | 1 | 2 | 1,524 | $1,149 | 0.2 mi |
F 3152 Atwater Avenue Active | $1,600,000 List Price | 3 | 2 | 1,216 | $1,316 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
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
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 27% |
| Baths | 2.0 | 3.0 | 47% |
| Square foot | 1,122 | 1,672 | 29% |
| Lot Size | 6,520 | 5,404 | 69% |
| Price | $1.40M | $1.58M | 38% |
| Price per sq ft | $1.2K | $1.1K | 81% |
| Built year | 1931 | 1929 | 54% |
| HOA | $0 | $0 | 50% |
| Days on market | 4 | 163 | 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










































