2840 Herkimer Street, Los Angeles, California 90039, Los Angeles, 90039 - 3 bed, 1 bath
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Los Angeles, California 90039
This property presents a High-Potential Investment Opportunity with a List Price of $995,000—positioned well below the $1,007,344 Fair Market Value by 1.2%. This valuation gap offers $12,344 in Instant Equity. Featuring a Fair Condition Rating and a new 2024 roof, the home requires a full renovation to modernize its dated interior. Located steps from Ivanhoe Elementary, this corner lot offers significant value-add potential via basement conversion. It is an ideal acquisition for Fix-and-Flip Investors or Owner-Occupants seeking a creative project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2840 Herkimer Street Subject | $995,000* List Price | 3 | 1 | 1,184 | $851 | - |
A 2661 Locksley Place Sold | $995,000 | 2 | 1 | 995 | $1,000 | 0.4 mi |
B 3367 La Clede Avenue Sold | $875,000 | 2 | 1 | 816 | $1,072 | 0.9 mi |
C 2586 Lake View Sold | $1,060,000 | 4 | 2 | 1,536 | $690 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1921 and untouched for over 60 years, this property is explicitly marketed as a 'fixer.' While it features a new roof (2024), the interior shows severely dated kitchen and bath facilities, aged flooring, and likely requires a full system overhaul and gut renovation to meet modern standards.
Situated in the highly sought-after Silver Lake neighborhood, the property is just steps from the top-rated Ivanhoe Elementary School, offering significant appeal for families and long-term value.
The large 6,213 sqft corner lot features mature, diverse flora described as a 'mini Descanso Gardens,' providing a rare and tranquil outdoor sanctuary with a gated driveway and shaded pergola.
With a new 2024 roof and a spacious basement featuring exterior access and a darkroom, there is immense opportunity to convert the lower level into a creative studio, home office, or ADU.
Marketed as a fixer-upper and held by the same owner for over 60 years, the home will likely require a substantial capital investment to modernize the systems and interior finishes.
The property currently features only one functional bathroom for three bedrooms, and the basement half-bath is unpermitted, which may pose challenges for modern living requirements and financing.
First time on the market in over 60 years, this is your rare opportunity to re-imagine this prime Silver Lake home that is steps from top rated Ivanhoe Elementary. The large tranquil yard has been fondly referred to as a "mini Descanso Gardens" with wide ranging flora from the majestic Sycamore tree to plumeria, wisteria, rosemary, germanium, bird of paradise, moonlight cactus, and the list goes on. Relax wandering the garden pathways, or tend your potted plants in the shaded pergola. There is plenty of parking in the gated driveway, in addition to the large one car garage. New roof as of 2024. As an added bonus, there is a spacious basement that has exterior and garage access. It currently has a darkroom and an unpermitted 1/2 bathroom. With a little creativity, this space could be turned into a writer's haven, artist studio, or home office. This fixer on a large corner lot is minutes from the Silverlake Reservoir, convenient to the best of the eastside, and ready for its next chapter with you.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,184 | 1,672 |
| Lot Size | 6,213 | 6,067 |
| Price | $995.0K | $1.37M |
| Price per sq ft | $840 | $801 |
| Built year | 1921 | 1939 |
| HOA | $0 | $348 |
| Days on market | 13 | 56 |
Jul 9, 2026
$995,000
Initial Listing