
Los Angeles, California 90039
This Hybrid Residential Income Property represents a Strong Value Opportunity, listed at $1,849,888—positioned well below the $1,847,143 Fair Market Value (priced at market stability). Featuring a Condition Rating of 3, the property offers a 4-bedroom main residence and a detached studio, providing significant rental flexibility. Highlights include an Urban Orchard with mature fruit trees and modern system upgrades. This versatile asset is ideal for Buy-and-Hold Investors seeking income potential or Owner-Occupants looking to offset mortgage costs through house hacking.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2572 Silver Ridge Subject | $1,849,888* List Price | 0 | 0 | 2,767 | $668 | - |
A 3416 -3418 Garden Avenue Sold | $1,330,000 | 4 | 2 | 2,012 | $661 | 0.8 mi |
B 2575 Riverside Terrace Active | $1,399,000 List Price | 0 | 0 | 2,862 | $489 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1939, the property is well-maintained and move-in ready with significant recent updates. Key improvements include new carpeting, new luxury vinyl plank flooring in wet areas, and modern systems such as central HVAC, a tankless water heater for the studio, and a whole-house water filtration system. While some elements like bathroom tiling remain dated, the overall condition and functional upgrades elevate it above the 'Fair' category.
The property features a spacious 4-bedroom main residence plus a detached studio apartment, offering excellent flexibility for rental income or multi-generational living in a high-demand Silver Lake location.
The expansive grounds include a greenhouse and a rare collection of mature fruit trees, including a 60-year-old lychee tree and mangoes, providing a unique and lush outdoor sanctuary that is rare for the area.
Situated in the desirable Silver Lake hills near Griffith Park and DTLA, this 1939 home blends mid-century charm like stained glass and hardwood floors with modern upgrades including central AC and a whole-house water filtration system.
Built in 1939, the property may require ongoing maintenance or future capital improvements to older structural and mechanical systems that fall outside of the recent cosmetic updates.
The detached nature of the studio and the basement location of the laundry area may be less convenient for buyers seeking a standard, unified single-family residential floor plan.
Investment opportunity in prime Silver Lake hills! This distinctive mid-century modern property features a spacious single-level main residence plus a detached studio apartment, offering exceptional flexibility for potential rental income. Conveniently located near Whole Foods, Downtown Los Angeles, Dodger Stadium, Griffith Park, Atwater Village, the 5 Freeway, and many trendy restaurants, cute cafes, and entertainment venues. The Main Residence offers approximately 2,227 sf with 4 bedrooms, 2.5 bathrooms. The 4th bedroom can be used as a spacious bonus room, home office or den. Interior highlights include a large living room with a custom stained-glass window, separate dining room with original hardwood oak floors, new carpeting, and new luxury vinyl plank flooring in kitchen and bathroom areas. Central air conditioning and heating provide year-round comfort. The detached separate studio residence offers approximately 540 sf with views of the hills and mountains, its own kitchen, bathroom with shower, open-concept living area, and a dedicated tankless water heater. The expansive garden is a true highlight, featuring a greenhouse and an extraordinary collection of mature fruit trees, including a magnificent 60+ year old lychee tree, starfruit, sapote, persimmon, tangerine, jujube, fig, longan, dragon fruit, guava, mango, and Thai lime. Enjoy sipping coffee and relaxing in one of the three patios. A distinctive semi-precious rock fountain, built by the original owner, adds to the property's one-of-a-kind charm. Additional features include a 3-car garage, basement laundry area, and a fully paid-off LifeSource whole-house water filtration system. A truly unique Silver Lake property combining income potential, character, versatility, and outdoor space in one exceptional offering. See Virtual Home Tour link: https://youtu.be/hkPZyuXrcxA
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.6 |
| Baths | 0.0 | 3.0 |
| Square foot | 2,767 | 2,187.451 |
| Lot Size | 6,511 | 5,841.385 |
| Price | $1.85M | $841.5K |
| Price per sq ft | $669 | $385 |
| Built year | 1939 | 1928 |
| HOA | $0 | $0 |
| Days on market | 26 | 85 |
Aug 14, 2026
$1,849,888
Initial Listing