2680 Ivan Hill, Los Angeles, California 90039, Los Angeles, 90039 - 4 bed, 3 bath
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Los Angeles, California 90039
This Value-Add Residential Asset is a High-Potential Investment Opportunity listed at $1,599,000—positioned well below the $1,850,000 Fair Market Value by 14%. This strategic valuation gap offers $251,000 in Instant Equity for buyers prepared to finalize the infrastructure and landscaping. Currently holding a Poor Condition Rating (5), the property features a massive 8,488 sqft lot with desirable City Lights and Hill Views in the Los Angeles Unified district. This high-upside project is an ideal acquisition for Fix-and-Flip Investors or Contractors looking to capitalize on the prime Silver Lake market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2680 Ivan Hill Subject | $1,599,000* List Price | 4 | 3 | 1,673 | $912 | - |
A 2315 Cove Avenue Sold | $1,600,000 | 3 | 2 | 1,636 | $978 | 0.8 mi |
B 2502 Armstrong Avenue Active | $1,995,000 List Price | 3 | 2 | 1,979 | $1,008 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property is an unfinished renovation project that is currently unlivable and sold 'as-is.' While it features high-quality modern upgrades such as a professional-grade stainless steel range, farmhouse sink, and contemporary bathroom fixtures, the home lacks an electrical meter and has significant unfinished interior and exterior work. Per the listing, it requires cash or renovation financing, placing it in the poor category due to the immediate need for substantial completion of major systems and infrastructure.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8488, living area = 1673.
Situated in the highly sought-after Silver Lake/Echo Park area, the property is located in a rapidly appreciating neighborhood known for its trendy dining, shopping, and strong market demand.
Priced at $1,599,000 with an estimated market value of $1,850,000, this value-add opportunity offers immediate equity for investors or flippers looking to maximize returns.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 2.
Due to the lack of an electrical meter and general 'as-is' condition, the property likely requires cash, hard money, or renovation financing, limiting the pool of potential buyers.
The home requires significant immediate investment, including the installation of essential utilities and completion of landscaping, before it can reach its full functional or aesthetic potential.
PRICED TO SELL | VALUE-ADD OPPORTUNITY | PRIME LOCATION Welcome to 2680 Ivan Hill Terrace, Los Angeles — a rare opportunity to acquire a property with significant upside in a highly desirable and rapidly appreciating area. With an estimated market value of approximately $1,850,000, this property is strategically priced at $1,599,000, offering immediate equity potential for the right buyer. The home features a solid layout with great bones, making it an ideal candidate for investors, flippers, or end-users looking to customize and create their dream home. Key improvements needed include installation of an electrical meter and completion of landscaping, allowing the next owner to add value and maximize returns. Situated in a sought-after neighborhood near Silver Lake / Echo Park, the property benefits from strong demand, proximity to trendy shops, dining, parks, and easy access to major freeways. Whether you're looking to renovate and resell, hold as a long-term investment, or design a personalized residence, this is a standout opportunity with built-in upside. Property is being sold as-is. Cash, hard money, or renovation financing recommended due to current condition. Don’t miss this chance to secure a high-potential property at a significant discount.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 69% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,673 | 1,643 | 51% |
| Lot Size | 8,488 | 5,407 | 92% |
| Price | $1.60M | $1.47M | 54% |
| Price per sq ft | $956 | $1.0K | 42% |
| Built year | 1923 | 1930 | 16% |
| HOA | $0 | $0 | 50% |
| Days on market | 6 | 167 | 1% |
Apr 16, 2026
$1,599,000
Initial Listing
Feb 22, 2024
$1,300,000
Public Record
Jan 26, 2018
$331,000
Public Record
Sep 6, 2017
$830,000
Public Record