
Los Angeles, California 90039
This Hybrid Income Property is a Strong Value Opportunity, listed at $1,798,888—positioned well below the $1,831,099 Fair Market Value by 2%. This valuation gap offers $32,211 in Instant Equity. Featuring a Condition Rating of 3, the property includes a legal detached studio and a mature fruit orchard on a 6,511 sqft lot. Its prime Silver Lake location provides high rental demand, making it an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, income-generating residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2572 Silver Ridge Subject 4 bd · 4 ba · 2,767 sqft · $650 | $1,748,888* List Price | 4 | 4 | 2,767 | $650 | - |
A 3416 -3418 Garden Avenue Sold 4 bd · 2 ba · 2,012 sqft · $661 · 0.8 mi | $1,330,000 | 4 | 2 | 2,012 | $661 | 0.8 mi |
B 2575 Riverside Terrace Active 0 bd · 0 ba · 2,862 sqft · $489 · 0.3 mi | $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 due to recent updates. It features new carpeting, new luxury vinyl plank flooring in kitchens and baths, and updated bathroom vanities. Functional systems are strong, including central HVAC, a tankless water heater for the studio, and a whole-house water filtration system.
The property features a legal detached studio apartment with its own kitchen and utilities, providing an excellent opportunity for rental income or a private multi-generational living arrangement in a high-demand area.
A rare 6,511 sqft lot boasting a greenhouse and an extraordinary collection of mature fruit trees, including a 60-year-old lychee tree, offering a unique botanical retreat that is difficult to find in urban Los Angeles.
Ideally situated near Whole Foods, Griffith Park, and Downtown LA, this location offers high desirability and convenience, ensuring strong long-term property value and appeal to trendy urban professionals.
The mix of original 1939 hardwood, new carpeting, and luxury vinyl plank flooring may lack the cohesive, high-end aesthetic expected by modern luxury buyers in this price point.
With two separate residential structures, a 3-car garage, and extensive gardens on a mid-sized lot, there is limited open yard space for traditional amenities like a swimming pool or large lawn.
NEW PRICE! RARE SILVER LAKE OPPORTUNITY OFFERING A SPACIOUS SINGLE-LEVEL MAIN RESIDENCE PLUS A SEPARATE LEGAL STUDIO APARTMENT WITH ITS OWN ADDRESS---approximately 2,767 sf combined, 3-car garage and an EXTRAORDINARY GARDEN. The Main Residence at 2572 Silver Ridge Ave offers approximately 2,227 sf with 4 bedrooms, 2.5 bathrooms. The versatile 4th bedroom can also serve as a spacious bonus room, home office or den. Highlights include a large living room with custom stained-glass window, separate dining room with original oak hardwood floors, central air and heat, new carpeting, and new luxury vinyl plank flooring in kitchen and bathroom areas. The detached studio residence at 2579 Lake View Ave offers approximately 540 sf with its own kitchen, bathroom with shower, open-concept living area, hillside and mountain views, and dedicated tankless water heater. Previously rented for $2,000/month approximately 1.5 years ago, offering attractive potential for rental income, extended family, guests or a private home office. Step outside to a remarkable garden filled with mature fruit trees, including a magnificent 60+ year-old lychee tree, plus mango, longan, starfruit, sapote, persimmon, dragon fruit, jujube, fig, guava, pomegranate, tangerine, and Thai lime. Three outdoor patios, a greenhouse, and a distinctive semi-precious rock fountain created by the original owner add to the property's one-of-a-kind character. Additional features include a 3-car garage, basement laundry area, and a fully paid-off LifeSource whole-house water filtration system. Ideally located near Whole Foods, Atwater Village, Griffith Park, Downtown Los Angeles, Dodger Stadium, restaurants, cafes, and convenient freeway access. TWO RESIDENCES, TWO ADDRESSES, RENTAL-INCOME POTENTIAL, ABUNDANT OUTDOOR SPACE AND AN EXTRAORDINARY GARDEN---ALL IN ONE DISTINCTIVE SILVER LAKE PROPERTY. See Virtual Home Tour link: https://youtu.be/hkPZyuXrcxA
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.7 |
| Baths | 4.0 | 3.0 |
| Square foot | 2,767 | 2,148.648 |
| Lot Size | 6,511 | 5,855.757 |
| Price | $1.75M | $831.8K |
| Price per sq ft | $632 | $387 |
| Built year | 1939 | 1928 |
| HOA | $0 | $0 |
| Days on market | 45 | 87 |
Sep 25, 2026
$1,748,888
$1,798,888
-3% Price Drop
Initial Listing
Sep 9, 2026
$1,798,888
Initial Listing