
Los Angeles, California 90039
This Turnkey Residential Property represents a Strong Value Opportunity, listed at $1,925,000—positioned well below the $2,106,524 Fair Market Value by 8%. This valuation gap offers $181,524 in Instant Equity. Featuring a Mint Condition Rating, the home includes a 900 sq ft self-contained apartment, 26 solar panels, and sweeping canyon views. Located in the Ivanhoe Elementary School district, this versatile asset is ideal for Owner-Occupants seeking rental income or multi-generational families.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3124 Silverado Drive Subject 4 bd · 3 ba · 2,171 sqft · $970 | $1,925,000* List Price | 4 | 3 | 2,171 | $970 | - |
A 2267 Duane Street Sold 3 bd · 4 ba · 2,439 sqft · $640 · 0.8 mi | $1,560,000 | 3 | 4 | 2,439 | $640 | 0.8 mi |
B 2276 Moreno Drive Sold 3 bd · 4 ba · 2,784 sqft · $891 · 0.2 mi | $2,480,000 | 3 | 4 | 2,784 | $891 | 0.2 mi |
C 2377 Silver Ridge Avenue Active 2 bd · 3 ba · 2,167 sqft · $687 · 0.8 mi | $1,488,000 List Price | 2 | 3 | 2,167 | $687 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite the 1939 build date, the property has undergone high-quality recent renovations including a spa-like main bathroom with Zia Tile and a kitchen featuring newer smart appliances. The addition of 26 high-yield solar panels and the pristine condition of the hardwood floors and custom carpentry indicate a home that has been updated within the last 5 years and is in mint condition.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9969, living area = 2171.
The property includes a 900 sq ft self-contained one-bedroom apartment, providing a turnkey opportunity for rental income, multi-generational living, or a private professional workspace.
Situated in the prestigious Moreno Highlands and within the sought-after Ivanhoe Elementary School attendance area, the home offers exceptional long-term value and lifestyle appeal.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
The 30-foot terraced hillside and mature fruit trees require ongoing landscaping and maintenance typical of steep Silver Lake topography.
Originally built in 1939, the property may possess underlying infrastructure limitations or character-specific quirks common to older homes that could require future capital improvements.
A rare find in Silver Lake's coveted Moreno Highlands, this beautifully upgraded 4-bedroom, 3-bathroom home occupies an exceptional quarter-acre, street-to-street property on one of the neighborhood's most tranquil streets. Offering a remarkable combination of space, privacy, and seclusion, the property also includes an additional 900 sq ft of bonus space configured as a self-contained one-bedroom apartment. - THE MAIN RESIDENCE - The 2,171 sq ft main residence is defined by an impressive, nearly 60-foot open-plan layout, seamlessly connecting the kitchen, dining, and living areas beneath high ceilings and abundant natural light from oversized picture windows. The result is a warm, inviting heart of the home, equally suited to quiet evenings and lively gatherings with family and friends. Two generously sized bedrooms with built-in closets are quietly situated against the hillside, offering a peaceful retreat. The kitchen features newer smart appliances, while the beautifully renovated main bathroom offers a spacious, spa-like setting with handcrafted tiles from Los Angeles-based Zia Tile and custom-cut shower glass. A third bedroom, currently used as a den and home office, features a built-in desk with custom carpentry and sweeping views across Silver Lake. - OUTDOOR LIVING - Behind a handcrafted wooden gate, more than 50 feet of private outdoor space provides a secluded area for children and pets to play freely. At the rear, two patios offer inviting settings for outdoor dining and entertaining, complemented by a dedicated herb garden and a 30-foot terraced hillside with mature Meyer lemon, yuzu, and grapefruit trees. - BONUS SPACE - The additional 900 sq ft of bonus space downstairs is configured as a self-contained one-bedroom apartment, complete with its own kitchen, bathroom, and very spacious living room. Ideal for visiting family, a private home office, or extended stays, the space currently operates as a successful short-term rental, offering attractive supplemental income potential. - ADDITIONAL FEATURES - A two-car garage and two-car driveway provide ample off-street parking, while 26 high-yield solar panels help keep electricity costs minimal for much of the year. - LOCATION - Located within the sought-after Ivanhoe Elementary School attendance area, the home offers the best of Silver Lake living. Enjoy morning walks around the Silver Lake Reservoir, explore the cafs, restaurants, and independent shops of Sunset Junction, or escape into the trails of nearby Griffith Park. - A RARE SILVER LAKE OPPORTUNITY - With its expansive interiors, secluded gardens, and rare street-to-street setting, this home offers an uncommon combination of privacy, character, and flexibility in one of Silver Lake's most desirable neighborhoods.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,171 | 1,670.836 |
| Lot Size | 9,969 | 6,152.156 |
| Price | $1.93M | $1.34M |
| Price per sq ft | $887 | $807 |
| Built year | 1939 | 1941 |
| HOA | $0 | $238 |
| Days on market | 11 | 56 |
Oct 29, 2026
$1,925,000
Initial Listing
Nov 15, 2022
$1,824,000
Public Record
Sep 16, 1994
$246,000
Public Record