
Los Angeles, California 90026
This property presents a High-Potential Investment Opportunity with a List Price of $1,100,000—positioned well below the $1,040,573 Fair Market Value by -5%. While the home carries a Condition Rating of 5, the generous 5,201 sqft lot offers significant Development Potential for an ADU or expansion. Located in the desirable Silver Lake neighborhood, this asset is ideal for Fix-and-Flip Investors or Contractors seeking a value-add project in a high-demand market with proximity to top-rated schools like Ivanhoe Elementary.
Property is extensive renovation needed.
Built in 1922, this 100+ year old property shows significant signs of age and neglect. The bathroom is severely dated with aging fixtures and visible wear on the walls, and the listing description explicitly markets the home as a renovation or 'build your dream home' opportunity, indicating it requires a full rehab.
Elementary School: Ivanhoe Elementary School (9/10).
Situated in the highly desirable Silver Lake neighborhood, this property offers exceptional proximity to trendy eateries, boutiques, and major Los Angeles hubs like Koreatown and West Hollywood.
The generous 5,201 sqft lot provides ample space for a substantial home extension or the addition of an Accessory Dwelling Unit (ADU), offering a rare opportunity to maximize equity.
As a 1922 structure marketed for renovation or rebuilding, the property likely requires significant capital investment to address aging systems and modernize the living space.
With a list price of $1.1M for only 786 square feet of existing living space, the valuation is heavily weighted toward land value, which may challenge traditional financing for some buyers.
Great opportunity to renovate or build your dream home in the highly desirable Silver Lake neighborhood. This home currently features 3 good size bedrooms and 1 bath with a large back yard with plenty of space to extend or add and ADU. Very convenient location. So close to everything LA- Koreatown, Dodger Stadium, West Hollywood, every major studio and artform on this side of town, beautiful hiking, trendy eateries and hip boutiques.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.3 mi
Grades K-5 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 786 | 1,670.836 |
| Lot Size | 5,201 | 6,152.156 |
| Price | $1.10M | $1.34M |
| Price per sq ft | $1.4K | $807 |
| Built year | 1922 | 1941 |
| HOA | $0 | $238 |
| Days on market | 25 | 56 |
Oct 15, 2026
$1,100,000
Initial Listing