
Los Angeles, California 90039
This Modernized 1920s Hillside Sanctuary is a High-Potential Investment Opportunity listed at $1,589,000—positioned well below the $1,663,312 Fair Market Value by 4%. This valuation gap provides $74,312 in Instant Equity. Boasting a Condition Rating of 2, the home features high-end renovations, solar panels, and a detached cedar-paneled cottage. Zoned for the top-rated Alessandro Elementary (9/10) and offering panoramic city and hill views, it perfectly balances character with modern efficiency. This is an ideal acquisition for Owner-Occupants seeking a turnkey retreat or Lifestyle-Driven Buyers looking for a versatile home office setup.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2559 Corralitas Drive Subject | $1,589,000* List Price | 3 | 2 | 1,636 | $1,017 | - |
A 2615 Silver Ridge Avenue Sold | $1,384,500 | 3 | 2 | 1,730 | $800 | 0.3 mi |
B 2491 Ivan Hill Terrace Sold | $1,225,000 | 2 | 2 | 1,122 | $1,092 | 0.5 mi |
C 2923 Acresite Street Sold | $1,975,000 | 4 | 3 | 2,024 | $976 | 0.8 mi |
D 2550 Corralitas Drive Sold | $1,430,000 | 4 | 3 | 1,985 | $720 | 0.0 mi |
E 2368 Lake View Avenue Active | $1,795,000 List Price | 3 | 3 | 1,844 | $973 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1929, the property has undergone comprehensive upgrades to all major systems, including the addition of solar panels and modern HVAC. The interior features high-end renovations, specifically in the bathrooms with contemporary tiling and fixtures, and the entire property is described as impeccably maintained and move-in ready with no deferred maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7419, living area = 1636.
This 1929 home seamlessly blends vintage charm like original built-ins and French doors with modern upgrades including solar panels and fully updated major systems for low-maintenance living.
The property features a detached cedar-paneled backyard cottage and a primary suite with a separate entrance, providing exceptional flexibility for a home office, creative studio, or guest retreat.
The multi-level hillside layout and tiered outdoor spaces may pose accessibility challenges for some residents and require ongoing monitoring of the retaining wall systems.
Although the elevation significantly mitigates noise, the property's map proximity to the freeway may be a psychological deterrent for some buyers or impact perceived long-term resale value.
Set on a quiet Silver Lake street, this stunning hillside home is all charm and character, with views from nearly every window. Corralitas Drive sits high above the freeway, something you wouldn't catch just looking at a map. While it may appear close, the elevation creates real separation, and inside the home, there's no freeway noise at all! A two car garage for easy parking AND room for a huge amount of storage, solar panels for monthly savings on utilities, upgrades to ALL major systems, multiple outdoor entertaining areas, designer native landscaping, a separated backyard cottage, sets this one apart from all the rest. Inside, original details remain throughout: vintage french doors, built-ins, and designer trim that give the home its warmth and texture. A vintage tile bathroom with an arched bathtub. The primary suite bedroom occupies the entire lower level and features its own separate entrance, offering privacy, flexibility, and a quiet sense of retreat. Throughout the home, windows frame treetops, sky, and city movement below bringing the outside in, without sacrificing the calm. BONUS! A charming outdoor cottage, complete with cedar-paneled walls and electricity, sits atop the backyard with stunning views all around. Perfectly versatile, it can serve as an artist's haven, yoga sanctuary, creative workspace, home office, gym, or anything else you dream up. Calling all creatives! You won't find a more magical setup for a home office. Above the garage, a private patio creates the perfect place for morning coffee or evening unwinding, perched just high enough to watch the city go about its day. Outdoors, the property is thoughtfully engineered and impeccably maintained, with retaining walls and hillside systems in excellent condition. The fully native landscape has a self-watering drip system, requiring little upkeep while offering constant sensory reward. Jasmine and lavender drift through open doors, birds and butterflies move through the garden, it feels like a wildlife sanctuary. Centrally located with quick freeway access yet set on a quiet residential street, the home offers privacy without disconnecting you from the neighborhood. Minutes from Whole Foods, Silver Lake Wine, Clover, Pine & Crane, LAMILL, Intelligentsia, Dinosaur Coffee, Burgers Never Say Die, and the Elysian Theater. Atwater Village (Bar Sinizki, Dune, Spina, Proof) and Frogtown (La Colombe, Loreto, Lingua Franca, Justine's, the LA River path) and Echo Park strip are equally close. Zoned for Alessandro Elementary (approximately 9/10 Great Schools). Private hillside Silver Lake living. Character, community, low maintenance and calm in equal measure.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.5 | 50% |
| Square foot | 1,636 | 1,636 | 50% |
| Lot Size | 7,419 | 5,406.5 | 86% |
| Price | $1.59M | $1.46M | 53% |
| Price per sq ft | $971 | $1.1K | 40% |
| Built year | 1929 | 1930 | 48% |
| HOA | $0 | $0 | 50% |
| Days on market | 32 | 144 | 2% |
Apr 2, 2026
$1,589,000
Initial Listing
May 3, 2024
$1,435,000
Public Record
Dec 3, 2020
$1,305,000
Public Record
Mar 25, 2013
$619,000
Public Record
May 24, 2006
$702,000
Public Record
Sep 27, 2000
$293,500
Public Record