2621 Silver Ridge, Los Angeles, California 90039, Los Angeles, 90039 - 2 bed, 1 bath
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Los Angeles, California 90039
This 1925 Spanish Revival Fixer represents a High-Potential Investment Opportunity in the Silver Lake hills. Listed at $999,000, the asset is positioned well below the $1,009,012 Fair Market Value by 1%, providing $10,012 in Instant Equity. With a Condition Rating of 5, this project requires a full restoration but offers significant upside through sweeping hillside views and a 500 sq. ft. lower level for potential ADU expansion. This is a prime acquisition for Fix-and-Flip Investors or Developers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2621 Silver Ridge Subject | $999,000* List Price | 2 | 1 | 1,042 | $968 | - |
A 3371 Garden Avenue Sold | $932,500 | 2 | 1 | 838 | $1,113 | 0.8 mi |
B 2416 Teviot Street Sold | $1,090,000 | 2 | 1 | 1,101 | $990 | 0.2 mi |
C 2066 El Moran Street E Active | $739,000 List Price | 2 | 2 | 1,099 | $672 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
This 1925 Spanish Revival is a major fixer-upper requiring a full gut renovation. Interior photos show significant structural and cosmetic issues, including large holes in the ceiling with exposed lath, evidence of severe water damage in the laundry area, and completely stripped or damaged flooring. The kitchen and bathroom are extremely outdated with worn tile, aged cabinetry, and old fixtures. Marketed as a 'project property' and sold as-is, it requires substantial rehabilitation of major systems and finishes to be livable.
Situated in the coveted Silver Lake hills, this property is located in one of Los Angeles' most high-demand neighborhoods, ensuring strong long-term value and consistent buyer interest.
This 1925 Spanish Revival home retains authentic period finishes and offers sweeping hillside views, providing the unique aesthetic and charm highly sought after in the local market.
The unpermitted ~500 sq. ft. lower level presents a major opportunity to expand the living square footage or create an ADU, allowing a savvy investor to unlock substantial equity.
Marketed as a 'project property' and sold in as-is condition, the home requires significant capital investment and a full restoration to reach its maximum potential.
The lower level is currently unpermitted, placing the burden of due diligence, legalization, and potential structural corrections entirely on the buyer.
Attention investors, developers, and skilled owner-users — this is the Silver Lake hillside opportunity you’ve been waiting for. Perched in the coveted hills of one of LA’s most sought-after neighborhoods, this Spanish Revival treasure offers sweeping views and compelling value-add potential. The main level delivers 2 bedrooms and 1 bath with authentic period finishes and timeless architectural character. Below, an unpermitted ~500 sq. ft. lower level presents a prime opportunity to expand — potential additional dwelling unit, studio, or bonus living space, subject to permitting and buyer’s due diligence. The bones are there, the views are spectacular, and the upside is real. Restore this magnificent Spanish-style home to its former glory, unlock the lower level’s potential, and plant your flag in a neighborhood that continues to command strong buyer and renter demand. This is a project property priced for opportunity — bring your contractor, bring your vision, and make it happen. Sold as-is. Buyer to independently verify all permits, square footage, and ADU eligibility.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 29% |
| Baths | 1.0 | 2.0 | 19% |
| Square foot | 1,042 | 1,636 | 22% |
| Lot Size | 3,622 | 5,406 | 15% |
| Price | $999.0K | $1.45M | 9% |
| Price per sq ft | $959 | $1.0K | 42% |
| Built year | 1925 | 1930 | 25% |
| HOA | $0 | $0 | 50% |
| Days on market | 13 | 167 | 1% |
Apr 9, 2026
$999,000
Initial Listing