
Los Angeles, California 90039
This Authentic 1920s Spanish Residence is a High-Potential Investment Opportunity, listed at $1,899,000—positioned well below the $2,114,553 Fair Market Value by 10%. This valuation gap provides $215,553 in Instant Equity for the buyer. Boasting a Condition Rating of 3, the home features a modernized kitchen, refinished hardwood floors, and a rare flat backyard with mountain views. Located in prime Silver Lake, it balances historic character with significant financial upside. This is an ideal acquisition for Owner-Occupants seeking a value-buy or Lifestyle-Driven Buyers looking to build immediate wealth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2644 Armstrong Avenue Subject | $1,899,000* List Price | 3 | 3 | 2,387 | $886 | - |
A 2923 Acresite Street Sold | $1,975,000 | 4 | 3 | 2,024 | $976 | 0.5 mi |
B 2372 Kenilworth Avenue Sold | $2,200,000 | 3 | 2 | 2,153 | $1,022 | 0.2 mi |
C 2550 Corralitas Drive Sold | $1,430,000 | 4 | 3 | 1,985 | $720 | 0.8 mi |
D 3010 Glenmanor Sold | $2,380,000 | 4 | 3 | 2,340 | $1,017 | 0.7 mi |
E 2036 Balmer Drive Sold | $2,200,000 | 4 | 3 | 2,372 | $927 | 0.6 mi |
F 3021 Glenhurst Avenue Sold | $2,175,000 | 5 | 3 | 2,120 | $1,026 | 0.7 mi |
G 3144 Atwater Active | $1,999,000 List Price | 3 | 4 | 2,127 | $940 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
This 1929 Spanish home has been well-restored with a modern updated kitchen featuring stainless steel appliances and new/refinished hardwood floors. While the bathrooms and some architectural details reflect a period-correct restoration rather than a brand-new contemporary build, the property is in move-in ready condition and appears very well-maintained.
Situated in the heart of one of L.A.'s most desirable neighborhoods, the property offers exceptional proximity to the Silver Lake Reservoir, trendy dining, and eclectic shopping.
This 1920s Spanish home features meticulously preserved character details, including arched windows, coved ceilings, stained glass, and original architectural doorways that command a premium in this market.
Unlike many hillside properties in Silver Lake, this home features a sprawling, flat backyard and a brick patio, providing highly coveted outdoor space for entertaining and gardening.
As a 1929 build coming to market for the first time in 30 years, the property may require significant updates to legacy systems such as plumbing, electrical, or foundation to meet modern standards.
The floor plan, featuring a 'tucked-away' bonus office and lower-level guest quarters, may feel disjointed to buyers accustomed to the open-concept flow of contemporary homes.
There's a kind of romance that only a 1920s Spanish home can conjure, and this Silver Lake beauty, gracing the market for the first time in nearly 30 years, is no exception. Tucked into the heart of one of L.A.'s most vibrant neighborhoods, where the hum of trendy restaurants, eclectic shops, and the shimmering Silver Lake Reservoir are just a stone's throw away, this home doesn't just sit in Silver Lake-it belongs to it. The facade welcomes you like an old friend, with cascading bougainvillea, arched windows, and a clay-tiled roof whispering stories of another time. As you enter through the stained-glass front door, you'll find refinished hardwood floors stretching across 2,367 square feet (per assessor), bathed in sunlight streaming through picture windows. The main level brims with vintage charm, highlighted by stunning architectural doorways that evoke timeless elegance. The living room's arched windows, coved ceilings exude warmth, while the stylish dining room with its statement light fixture and recessed ceiling sets the stage for lively gatherings. A hidden pocket door leads to the updated kitchen: bright, modern, and functional, featuring sleek stainless-steel appliances and generous storage space. Even the breakfast nook, framed by Spanish casement windows carries hints of the home's heritage, with its recessed ceiling, adding understated elegance. Downstairs, a guest bedroom with a private bath and generous closet offers flexibility. Upstairs, the primary bedroom feels both grand and cozy, with a vaulted ceiling, period light fixture, walk-in closet, and gleaming new hardwood floors that extend into the second bedroom. The sunlit upstairs bathroom boasts dual sinks, luxurious tub, and a private water closet. The lower-level surprises with thoughtful spaces: a full guest bath, a laundry room, and a tucked-away bonus office that's both functional and charming. The cozy den, with wood-finished counters and a mix of cabinets and shelving, feels effortlessly inviting. French doors open to a brick patio; a charming space perfectly suited for California's indoor-outdoor lifestyle. Outside, the magic continues. A sprawling, flat yard invites everything from gardening to entertaining while the garage adds practicality and further options. This isn't just a house, it's a story, a lifestyle, a piece of Silver Lake history lovingly restored for modern living. The next chapter is waiting. Will it be yours?
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,387 | 1,639.5 | 81% |
| Lot Size | 6,792 | 5,406.5 | 81% |
| Price | $1.90M | $1.46M | 65% |
| Price per sq ft | $796 | $1.1K | 19% |
| Built year | 1929 | 1930 | 48% |
| HOA | $0 | $0 | 50% |
| Days on market | 4 | 144 | 1% |
Apr 30, 2026
$1,899,000
Initial Listing