2575 Riverside, Los Angeles, California 90039, Los Angeles, 90039 - 0 bed, 0 bath
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Los Angeles, California 90039
This Value-Add Duplex Asset is listed at $1,399,000, located in the premier Silver Lake - Echo Park district. With a Condition Rating of 5, the property requires significant rehabilitation to reach its full potential relative to the $1,305,821 Fair Market Value. The 2,862 sqft structure includes a spacious main unit and a tenant-occupied residence, offering immediate rental income. Notable features include a forested greenbelt view, private backyard, and proximity to Los Angeles Unified schools. This high-upside acquisition is ideal for Buy-and-Hold Investors or Owner-Occupants looking to force appreciation through strategic updates.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2575 Riverside Subject | $1,399,000* List Price | 0 | 0 | 2,862 | $456 | - |
A 2305 Silver Ridge Avenue Sold | $1,412,772 | 6 | 6 | 2,784 | $507 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1968, this property is significantly outdated and requires substantial rehabilitation. While some updates like new carpet and newer kitchen flooring/appliances are present, the kitchen cabinets and countertops are dated, and the bathrooms are very old with original-era tiles and fixtures. The overall aesthetic, including light fixtures and general finishes, is from an older period, suggesting major systems may also be past their prime. The property is livable but needs extensive renovations to meet modern standards and maximize its potential.
Nestled in a highly desirable Silver Lake neighborhood, the property offers convenient access to popular shopping districts, trendy coffee shops, boutiques, parks, public transportation, and Downtown LA.
This rare duplex provides an exceptional opportunity for both owner-users and investors, featuring a second unit with a long-term tenant, offering immediate rental income.
The front unit boasts a generous living room, a versatile family den (ideal for an office or gym), a formal dining room with a wet bar, and an open-plan kitchen, perfect for entertaining.
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.
Built in 1968, the property, despite being 'lovingly held,' likely requires significant updates to systems (e.g., electrical, plumbing, HVAC) and aesthetics to meet modern standards and maximize value.
The second unit is occupied by a long-term tenant, which could complicate plans for an owner-user wishing to occupy both units or an investor aiming for immediate market-rate rent adjustments.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 2.0 | 44% |
| Baths | 0.0 | 2.0 | 44% |
| Square foot | 2,862 | 1,930 | 89% |
| Lot Size | 6,352 | 5,981 | 56% |
| Price | $1.40M | $1.41M | 44% |
| Price per sq ft | $489 | $744 | 11% |
| Built year | 1968 | 1950 | 67% |
| HOA | $0 | $0 | 50% |
| Days on market | 141 | 139 | 67% |
Mar 19, 2026
$1,399,000
$1,589,000
-12% Price Drop
Initial Listing
Dec 2, 2025
$1,589,000
Initial Listing