
Los Angeles, California 90039
This Monterey Colonial legacy property is a Strong Value Opportunity, listed at $2,895,000—positioned well below the $2,941,968 Fair Market Value by 1.6%. This valuation gap offers $46,968 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the home offers updated kitchen finishes and panoramic Hollywood Hills views. Located in the prestigious Ivanhoe Elementary School district, this residence balances historical character with modern convenience. It is an ideal acquisition for Owner-Occupants seeking a generational home or discerning investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2560 Micheltorena Street Subject 4 bd · 4 ba · 3,185 sqft · $924 | $2,895,000* List Price | 4 | 4 | 3,185 | $924 | - |
A 2516 Ivan Hill Terrace Sold 4 bd · 3 ba · 2,922 sqft · $897 · 0.6 mi | $2,620,000 | 4 | 3 | 2,922 | $897 | 0.6 mi |
B 2489 Moreno Drive Sold 3 bd · 2 ba · 2,568 sqft · $876 · 0.0 mi | $2,250,000 | 3 | 2 | 2,568 | $876 | 0.0 mi |
C 2644 Armstrong Avenue Sold 3 bd · 3 ba · 2,387 sqft · $1,157 · 0.3 mi | $2,761,500 | 3 | 3 | 2,387 | $1,157 | 0.3 mi |
D 2737 Angus Street Sold 4 bd · 6 ba · 3,656 sqft · $1,012 · 0.2 mi | $3,700,000 | 4 | 6 | 3,656 | $1,012 | 0.2 mi |
E 2485 Lindsay Lane Sold 3 bd · 3 ba · 3,138 sqft · $701 · 0.5 mi | $2,200,000 | 3 | 3 | 3,138 | $701 | 0.5 mi |
F 3351 Garden Avenue Sold 3 bd · 2 ba · 2,827 sqft · $944 · 0.9 mi | $2,670,000 | 3 | 2 | 2,827 | $944 | 0.9 mi |
G 2415 Edgewater Terrace Sold 5 bd · 3 ba · 2,190 sqft · $996 · 0.7 mi | $2,182,000 | 5 | 3 | 2,190 | $996 | 0.7 mi |
H 2536 Micheltorena Street Active 4 bd · 4 ba · 3,099 sqft · $1,129 · 0.0 mi | $3,499,000 List Price | 4 | 4 | 3,099 | $1,129 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although originally built in 1936, the property is well-maintained and move-in ready. The kitchen has been updated with stone countertops and stainless steel appliances, and the bathrooms feature modern tiling and fixtures consistent with a 5-15 year old renovation cycle.
Designed by Laurence B. Clapp in 1936, this Monterey Colonial is a rare legacy property offering timeless character and historical significance in the Moreno Highlands.
The property is situated in a highly coveted Silver Lake pocket, falling within the prestigious Ivanhoe Elementary School district and offering close proximity to Sunset Junction.
The home boasts exceptional panoramic views of the Hollywood Hills and Griffith Observatory, framed by oversized picture windows and enjoyed from multiple terraced outdoor spaces.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3185, other record living area = 2509. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
The living space is divided across three distinct levels, which may pose a challenge for buyers seeking a seamless, open-concept flow or single-level accessibility.
Being on the market for the first time in 70 years, the property likely requires significant capital investment to update systems and finishes to meet contemporary luxury standards.
A new chapter awaits at this secluded Silver Lake legacy property, on the market for the first time in over 70 years. Designed by architect Laurence B. Clapp in 1936, this character-filled Monterey Colonial in the heart of the Moreno Highlands offers timeless architecture, generous living spaces, and endless views of the Hollywood Hills and Griffith Observatory, all in a distinct and memorable setting. Situated above the street with additional PRIVATE REAR ACCESS, the home unfolds across multiple levels with a gracious floor plan, abundant natural light, and a wonderful connection to the outdoors. The main and upper levels span approximately 2,509 square feet, beginning with a spacious living room framed by an oversized picture window with treetop and hillside views. Just beyond, the dining area flows into an updated kitchen, while a nearby office/den opens onto a large sunroom with vaulted ceilings overlooking a private patio, creating a beautiful transition between the interiors and gardens. Upstairs are three bedrooms, including an en-suite primary with a walk-in closet, and two additional bedrooms sharing a hall bathroom. An additional approximately 676-square-foot lower level adds even more flexibility with a large family room, guest bedroom, and bathroom. Outside, a second patio and terraced gardens offer multiple areas for dining, entertaining, gardening, and relaxing. A rare amenity can be found at the rear of the property, with a private drive and parking area offering convenient access to the home. A two-car garage at the front provides additional parking and storage. This home is ideally situated in the heart of Silver Lake, within walking distance of Ivanhoe Elementary School and just moments from Sunset Junction, the Silver Lake Reservoir, Griffith Park, and the many shops and restaurants that make this neighborhood so special. A generational opportunity that is not to be missed.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 4.0 | 2.0 |
| Square foot | 3,185 | 1,675.469 |
| Lot Size | 9,136 | 6,126.393 |
| Price | $2.90M | $1.34M |
| Price per sq ft | $909 | $800 |
| Built year | 1936 | 1941 |
| HOA | $0 | $262 |
| Days on market | 22 | 56 |
Oct 2, 2026
$2,895,000
Initial Listing