2575 Riverside, Los Angeles, California 90039, Los Angeles, 90039 - bed, bath
ACTIVE$1,589,000
2575 Riverside, Los Angeles, California 90039
0Bed
0Bath
2,862Sqft
6,352Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Duplex: This rare duplex offers exceptional flexibility for both owner-users and investors, featuring two distinct units, including a second unit with a long-term tenant providing immediate rental income.
Top Cons:
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6352, other record lot size in square feet = 6416.
Compared to the nearby listings
Price:$1.59M vs avg $1.20M (+$394,000)92%
Size:2,862 sqft vs avg 1,980 sqft83%
Price/sqft:$555 vs avg $56250%
More Insights
Built in 1968 (57 years old).
Condition: Built in 1968, this property shows its age with largely outdated features, particularly in the kitchen and bathrooms. While the description mentions 'new carpet' and some areas appear freshly painted, the kitchen features dated wood cabinets and countertops, despite some newer stainless steel appliances and laminate flooring. The bathroom is significantly outdated with 70s/80s-style tile and an older vanity. The overall condition suggests regular upkeep and some minor cosmetic updates, but major systems and aesthetic elements require substantial renovation to meet modern standards. It is functional but not modern, aligning with the 'fair' category.
Year Built
1968
Close
-
List price
$1.59M
Original List price
$1.59M
Price/Sqft
$555
HOA
-
Days on market
-
Sold On
-
MLS number
AR25248307
Home ConditionFair
Features
Patio
View-
About this home
Nestled in one of Silver Lake’s most desirable neighborhoods, this rare duplex offers an exceptional opportunity for both owner-users and investors. Lovingly held by the same family for over six decades, the property features a spacious front unit with a generous living room, a versatile family den perfect for a home office or gym, and a formal dining room with an adjacent wet bar. It is ideal for entertaining. The kitchen connects seamlessly to the main living areas, creating a comfortable and open floor plan. Additional highlights include new carpet, a private backyard, a 2-car garage, and a large storage room. The second unit is a charming 1-bedroom & 1-bathroom residence occupied by a long-term tenant and includes its own 1-car garage. Located just moments from Silver Lake’s popular shopping district, trendy coffee shops, Atwater Village boutiques, parks, and public transportation, with convenient access to Downtown LA. This is a truly rare find in a prime location and full of potential and ready for its next chapter.
Condition Rating
Fair
Built in 1968, this property shows its age with largely outdated features, particularly in the kitchen and bathrooms. While the description mentions 'new carpet' and some areas appear freshly painted, the kitchen features dated wood cabinets and countertops, despite some newer stainless steel appliances and laminate flooring. The bathroom is significantly outdated with 70s/80s-style tile and an older vanity. The overall condition suggests regular upkeep and some minor cosmetic updates, but major systems and aesthetic elements require substantial renovation to meet modern standards. It is functional but not modern, aligning with the 'fair' category.
Pros & Cons
Pros
Income-Generating Duplex: This rare duplex offers exceptional flexibility for both owner-users and investors, featuring two distinct units, including a second unit with a long-term tenant providing immediate rental income.
Prime Silver Lake Location: Nestled in one of Silver Lake’s most desirable neighborhoods, the property boasts excellent walkability to popular shopping districts, trendy coffee shops, boutiques, parks, and public transportation, with convenient access to Downtown LA.
Spacious & Versatile Main Unit: The front unit offers a generous living room, a versatile family den (ideal for a home office or gym), a formal dining room with a wet bar, and an open-concept kitchen, making it perfect for entertaining and adaptable to various needs.
Ample Parking & Storage: The property includes a 2-car garage for the main unit and a separate 1-car garage for the second unit, along with a large storage room, providing significant practical value and convenience.
Private Outdoor Space: The main unit benefits from a private backyard, offering valuable outdoor living and entertaining space, a desirable feature in an urban setting.
Cons
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6352, other record lot size in square feet = 6416.
Age and Potential for System Updates: Built in 1968 and held by the same family for over six decades, the property likely requires significant investment in updating major systems (e.g., plumbing, electrical, HVAC, roof) to meet modern standards and maximize its full potential, beyond the mentioned 'new carpet'.
Long-Term Tenant Occupancy: While providing immediate income, the presence of a long-term tenant in the second unit could present challenges for an owner-user looking to occupy both units or for an investor aiming to adjust rents to current market rates, depending on existing lease terms and tenant rights.
Unspecified Condition of Second Unit: The description lacks specific details regarding the current interior condition or recent renovations of the second 1-bedroom unit, which may imply it requires updates to align with market expectations or to match the potential of the main unit.