2525 Ivanhoe Drive, Los Angeles, California 90039, Los Angeles, 90039 - 3 bed, 2 bath
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Los Angeles, California 90039
This Move-In Ready Single Family Residence represents a Strong Value Opportunity, listed at $1,899,000, which aligns with its $1,899,000 Fair Market Value. Featuring refinished hardwood floors and a 3-bedroom, 2-bathroom layout, the home maintains a Good Condition Rating while offering significant upside through its 10,392 sqft lot and picturesque mountain views. The property provides a stable, turnkey lifestyle in a prime Silver Lake location, balancing immediate comfort with long-term expansion potential. This is an ideal acquisition for Owner-Occupants seeking a hillside sanctuary or long-term investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2525 Ivanhoe Drive Subject | $1,899,000* List Price | 3 | 2 | 1,827 | $1,144 | - |
A 2502 Armstrong Avenue Sold | $2,375,000 | 3 | 2 | 1,979 | $1,200 | 0.1 mi |
B 2608 Ivanhoe Drive Sold | $2,380,000 | 3 | 2 | 1,935 | $1,230 | 0.1 mi |
C 2559 Corralitas Drive Sold | $1,620,000 | 3 | 2 | 1,636 | $990 | 0.5 mi |
D 2315 Cove Avenue Sold | $1,600,000 | 3 | 2 | 1,636 | $978 | 0.6 mi |
E 2681 Locksley Place Sold | $1,950,000 | 3 | 2 | 1,509 | $1,292 | 0.2 mi |
F 3061 Landa Street Sold | $2,317,000 | 3 | 4 | 1,915 | $1,210 | 0.7 mi |
G 3148 Atwater Avenue Sold | $1,695,000 | 2 | 3 | 1,520 | $1,115 | 0.7 mi |
H 2558 Corralitas Drive Active Under Contract | $1,869,000 List Price | 3 | 3 | 1,787 | $1,046 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1959, the property is well-maintained and move-in ready following a recent refresh of the hardwood floors and interior paint. The kitchen and bathrooms reflect a previous renovation (likely 15-20 years ago) featuring functional stainless steel appliances, stone countertops, and updated tile work. It meets the 'Good' criteria as it is functional and well-maintained, though some systems like the aluminum windows and cabinetry style are aging.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10392, living area = 1827.
Situated in one of Los Angeles' most sought-after neighborhoods, this property offers immediate access to renowned dining, cultural landmarks, and a vibrant community atmosphere.
The home features recently refinished hardwood floors and thoughtful repairs, providing a turnkey living experience while maintaining significant upside for future customization or square footage expansion.
With nearly a year on the market (357 days), the property may face challenges with buyer perception regarding its pricing or underlying market demand.
The terraced backyard and hillside setting, while scenic, may limit the amount of flat, usable outdoor space and could increase costs for future landscaping or structural projects.
Nestled in the heart of Silver Lake, 2525 Ivanhoe Drive blends timeless character with modern comfort. Recently refreshed with beautifully refinished hardwood floors and thoughtful repairs throughout, this 3-bedroom, 2-bathroom home is move-in ready while still offering exciting opportunities for future expansion, customization, or remodeling. A welcoming den provides flexible space for a home office, creative studio, media room, or additional living area. The terraced backyard offers multiple outdoor spaces to enjoy, with room to create a garden, entertaining areas, or a personalized outdoor retreat. Enjoy picturesque mountain views that provide a beautiful backdrop to this unique hillside property. Whether you're looking for a home to enjoy immediately or a property with long-term potential in one of Los Angeles' most sought-after neighborhoods, 2525 Ivanhoe Drive offers the best of both worlds. Surrounded by the neighborhood's renowned dining, culture, and vibrant community, this is a rare opportunity to own a home that is both inviting today and full of possibilities for tomorrow.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,827 | 1,672 |
| Lot Size | 10,392 | 6,067 |
| Price | $1.90M | $1.37M |
| Price per sq ft | $1.0K | $801 |
| Built year | 1959 | 1939 |
| HOA | $0 | $348 |
| Days on market | 37 | 56 |
Jun 16, 2025
$1,899,000
Initial Listing