2575 Riverside Terrace, Los Angeles, California 90039, Los Angeles, 90039 - 0 bed, 0 bath
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2575 Riverside Terrace
Los Angeles, California 90039
ACTIVE
CONDITION: FAIR
0Beds
0Baths
2,862Sq Ft
6,352Lot Size
Property Price
LIST PRICE$1,399,000
EST. MARKET VALUE
$1,521,979
8% BelowMARKET VALUE
SUMMARY
This duplex presents a Strong Value Opportunity with a List Price of $1,399,000—positioned well below the $1,521,980 Fair Market Value by 8%. This valuation gap offers $122,980 in Instant Equity. While the property maintains a Fair Condition Rating and requires modernization, its Prime Silver Lake Location and 3-car garage capacity provide significant upside. This asset is ideal for Buy-and-Hold Investors seeking rental income or Owner-Occupants looking to offset mortgage costs through a strategic house-hack.
Estimated Market Value
$1,521,979+$122,979 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2575 Riverside Terrace Subject 0 bd · 0 ba · 2,862 sqft · $532 | $1,399,000* List Price | 0 | 0 | 2,862 | $532 | - |
A 2572 Silver Ridge Active Under Contract 0 bd · 0 ba · 2,767 sqft · $632 · 0.3 mi | $1,748,888 List Price | 0 | 0 | 2,767 | $632 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1968 and held by the same family for decades, the property is functional but significantly dated. The kitchen and bathrooms appear to have had partial updates over 20 years ago, and the presence of popcorn ceilings and original-style windows suggests aging systems. While the new carpet provides a clean look, the weathered exterior siding and dated interior finishes indicate a need for modernization and minor repairs throughout.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Silver Lake Location
Situated in one of Los Angeles’ most sought-after neighborhoods, the property offers exceptional proximity to trendy shopping, Atwater Village boutiques, and convenient access to Downtown LA.
- Versatile Owner-User Opportunity
The duplex configuration features a spacious front unit with a den and formal dining, making it ideal for an owner-occupant to live in one unit while generating rental income from the other.
- Ample Parking and Storage
Rare for the area, the property includes a total of three garage spaces and a large storage room, providing significant functional value and convenience for residents.
CONSRISKS & DEFICIENCIES
- 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.
- Tenant Occupancy Constraints
The second unit is occupied by a long-term tenant, which may limit immediate rental upside or pose challenges for buyers seeking vacant delivery of the entire property.
- Dated Interior Potential
Held by the same family for over 60 years and built in 1968, the property likely requires significant cosmetic or system updates to meet modern luxury standards and maximize market value.
About 2575 Riverside Terrace
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.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1968
- Lot Size
- 6,352 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.5 |
| Baths | 0.0 | 2.9 |
| Square foot | 2,862 | 2,090.331 |
| Lot Size | 6,352 | 5,852.908 |
| Price | $1.40M | $830.9K |
| Price per sq ft | $489 | $394 |
| Built year | 1968 | 1928 |
| HOA | $0 | $0 |
| Days on market | 4 | 87 |
Pricing History
Listed for Sale
Nov 5, 2026
$1,399,000
Initial Listing