2575 Riverside Terrace, Los Angeles, California 90039, Los Angeles, 90039 - 0 bed, 0 bath
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Los Angeles, California 90039
This High-Potential Investment Opportunity is a Duplex listed at $1,399,000—positioned well below the $1,472,251 Fair Market Value by 4%. This valuation gap offers $73,251 in Instant Equity. With a Fair Condition Rating, the property requires modernization but offers significant upside through its 3-car garage and private backyard. Located in a prime Silver Lake neighborhood, this asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking to leverage rental income while building long-term equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2575 Riverside Terrace Subject | $1,399,000* List Price | 0 | 0 | 2,862 | $514 | - |
A 2305 Silver Ridge Avenue Sold | $1,412,772 | 6 | 6 | 2,784 | $507 | 0.3 mi |
B 2714 Queen Active | $1,395,000 List Price | 0 | 0 | 3,400 | $410 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1968 and held by the same family for decades, the property is functional but significantly dated. While it features new carpet and a kitchen that appears to have been updated 20+ years ago (oak cabinetry), the interior retains original wood paneling and older finishes. Aerial photos show a roof with visible wear, suggesting it is nearing the end of its life cycle, placing it firmly in the 'Fair' category needing modernization.
Situated in one of Los Angeles’ most sought-after neighborhoods near Atwater Village and DTLA, the property offers high walkability to trendy amenities, ensuring strong long-term appreciation.
The spacious front unit features a flexible floor plan with a den, wet bar, and private backyard, making it an ideal primary residence that benefits from supplemental rental income.
Rare for this high-density area, the property includes a total of three garage spaces and a large storage room, providing significant added value and convenience for both owners and tenants.
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.
The second unit is occupied by a long-term tenant, which may limit immediate rental upside and complicate possession for buyers due to local rent stabilization ordinances.
Held by the same family for over 60 years, the property likely requires cosmetic and system updates to meet contemporary luxury standards and maximize its market value.
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 | 43% |
| Baths | 0.0 | 2.0 | 43% |
| Square foot | 2,862 | 2,375 | 86% |
| Lot Size | 6,352 | 5,333 | 57% |
| Price | $1.40M | $1.43M | 29% |
| Price per sq ft | $489 | $877 | 14% |
| Built year | 1968 | 1940 | 71% |
| HOA | $0 | $0 | 50% |
| Days on market | 2 | 118 | 14% |
Jun 4, 2026
$1,399,000
Initial Listing