2929 Waverly Drive 115, Los Angeles, California 90039, Los Angeles, 90039 - 1 bed, 1 bath

2929 Waverly Drive 115, Los Angeles, California 90039 home-pic-0
ACTIVE$499,000
2929 Waverly Drive 115, Los Angeles, California 90039
1Bed
1Bath
880Sqft
43,552Lot
Year Built
1973
Close
-
List price
$499K
Original List price
$585K
Price/Sqft
$567
HOA
$662
Days on market
-
Sold On
-
MLS number
25513799
Home ConditionFair
Features
Pool
Patio
View-

About this home

We found 3 Cons,6 Pros. Rank: price - $499.0K(18th), sqft - 880(45th), beds - 1(45th), baths - 1(50th).

Silver Lake sets the scene for this stylish condo inside a gated community with a sparkling pool. The residence channels mid-century ease with an open layout, bamboo flooring, and glass sliders leading to a breezy patio. Thoughtful design provides ample built-in storage throughout, including the kitchen appointed with wood cabinetry and tile countertops. The oversized bedroom is a relaxing retreat with a walk-in closet; the bath features a dual-sink vanity, soaking tub, and separate shower. Amenities include central air/heat, an assigned parking space with a storage locker, plus an impressive suite of community amenities: pool, gym, sauna, and laundry. Well situated within the Ivanhoe Elementary boundary, it's a short hop to the Reservoir, Trader Joe's, Broome Street, Gelson's, and morning stops at Makisupa or Caf Nido.

Nearby schools

9/10
Ivanhoe Elementary School
Public,K-50.1mi
6/10
Thomas Starr King Middle School
Public,6-81.3mi
8/10
John Marshall Senior High School
Public,9-120.7mi

Price History

Date
Event
Price
08/11/17
Sold
$465,000
06/11/12
Sold
$243,000
06/30/03
Sold
$211,000
06/13/02
Sold
$160,000
01/29/02
Sold
$125,000
06/11/01
Sold
$18,000
03/25/97
Sold
$51,000
Condition Rating
Fair

The property, built in 1973, is well-maintained but shows significant signs of age in key areas. The kitchen features dated tile countertops, older wood cabinetry, and white appliances, suggesting a renovation that is likely 20-30+ years old or original with minor cosmetic updates. The bathroom, while functional with a separate tub and shower, also presents an older aesthetic. While bamboo flooring and central air/heat are positive updates, they do not constitute a full recent renovation. The property is functional but requires minor updates to modernize the kitchen and bathroom.
Pros & Cons

Pros

Great Schools: Elementary School: Ivanhoe Elementary School (9/10).
Exceptional Location & Walkability: Situated in highly desirable Silver Lake, offering convenient access to the Reservoir, popular retailers like Trader Joe's and Gelson's, and local cafes, enhancing lifestyle and property appeal.
Extensive Community Amenities: The gated community provides a comprehensive suite of amenities including a sparkling pool, gym, sauna, laundry facilities, and assigned parking with a storage locker, adding significant value and convenience.
Desirable Interior Features & Comfort: The condo boasts a stylish mid-century aesthetic with an open layout, bamboo flooring, glass sliders to a breezy patio, ample built-in storage, central air/heat, and an updated bath with dual-sink vanity, soaking tub, and separate shower.
Top-Rated Elementary School Zone: Located within the highly-rated Ivanhoe Elementary School boundary (9/10 rating), making it an attractive option for families seeking excellent educational opportunities.
Recent Price Reduction: The property has seen a significant price adjustment from its original list price of $585,000 to $499,000, potentially offering a more competitive entry point for buyers in this sought-after market.

Cons

High Association Fees: The monthly association fee of $662.0 is relatively high for a 1-bedroom condominium, which could impact affordability and overall monthly carrying costs for potential buyers.
Dated Kitchen Finishes: While functional, the kitchen features 'tile countertops,' which may be perceived as dated by some buyers and could necessitate future renovation to align with modern aesthetic preferences.
Limited Market Appeal (1-Bedroom): As a 1-bedroom unit, the property inherently caters to a smaller segment of the buyer market compared to larger units, potentially limiting its resale pool, especially within a strong school district often sought by families.

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