
Los Angeles, California 90027
This Charming Hillside Cottage represents a High-Potential Investment Opportunity, listed at $1,299,000—positioned above the $1,146,589 Fair Market Value. While priced for the premium location, the property offers significant upside through its Condition Rating of 4, which invites modernization. Key features include panoramic city light views, a spacious detached garage with ADU potential, and proximity to top-rated schools like Ivanhoe Elementary. This is an ideal acquisition for Value-Add Investors or Owner-Occupants looking to customize a unique Los Feliz sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3940 Prospect Avenue Subject | $1,299,000* List Price | 2 | 1 | 1,017 | $1,127 | - |
A 3907 Franklin Avenue Sold | $1,335,000 | 2 | 2 | 1,300 | $1,027 | 0.2 mi |
B 4116 Camero Avenue Sold | $1,530,000 | 2 | 2 | 1,342 | $1,140 | 0.2 mi |
C 1948 Monon St. Sold | $1,257,500 | 2 | 1 | 1,402 | $897 | 0.3 mi |
D 3950 De Longpre Avenue Active | $1,575,000 List Price | 2 | 1 | 1,119 | $1,408 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1938, this property is well-maintained but features a 'preserved vintage' bathroom and a kitchen that retains its original architectural character rather than modern updates. While the home is move-in ready and charming, the finishes are dated (>20 years) and will eventually require modernization of systems and wet areas to meet current standards.
Elementary School: Ivanhoe Elementary School (9/10).
Perfectly positioned in the coveted hills between Los Feliz and Silver Lake, this home offers walking access to top-rated schools like Franklin Elementary and the vibrant dining scenes of both neighborhoods.
The property features a multi-tiered private oasis, including a front sundeck, a rear patio with a brick fireplace, and 'The Nest'—a secluded upper deck offering panoramic sunset and city light views.
At just 1,017 square feet with only one bathroom, the home's compact footprint may be restrictive for growing families or buyers requiring a more modern bed-to-bath ratio.
The 'arising lot' involves significant elevation changes and stairs to access the various outdoor levels, which may pose accessibility issues or higher maintenance demands for the hillside landscaping.
Situated in the coveted hills between Los Feliz and Silver Lake, this charming cottage offers peaceful privacy and a living experience that unfolds beyond the home in a lush private oasis that gradually reveals itself. The front sundeck overlooks neighboring rooftops and the city tableau that lies beyond - a setting for a morning coffee, or an evening glass of wine as the city skylines shimmer in the distance. Inside, hardwood floors, natural light, and preserved architectural details create an immediate sense of warmth. At the heart of the home, the living room opens to city and garden for effortless indoor-outdoor flow, and two generously sized bedrooms are complemented by a beautifully preserved vintage tiled bathroom. The charming kitchen extends through arched openings into a cozy breakfast nook, and the adjacent dining room overlooks the sunny front deck. French doors lead to the private rear patio, where you'll find a lounge area at the patinaed brick fireplace, and an inviting outdoor dining space by the kitchen windows that calls for quiet afternoons or intimate soirees. The landscape of the arising lot by the patio is lush and respectfully manicured, where mature foliages and trees have quietly found their places over decades. Ascending to the property's highest point is the owners' beloved Nest - a secluded sunset lounge situated beneath giant birds of paradise and the sheltering branches of an ancient, knobbly fig tree. The spacious deck of this hidden sanctuary spot feels like a home in itself. Its added bonus features are spectacular twilights and sunset views through the swaying canopy down to the home and to the city lights below. Down at street level, a spacious detached garage, currently used as a workshop for plants and art, offers potential to create a guest studio or ADU (buyer to verify). Moments from the cafes, restaurants, and shops of both Los Feliz and Silver Lake, the hiking trails in Griffith Park, and coveted elementary schools (Franklin & LILA) a short stroll away. This home is a rare find in one of the city's most desirable neighborhoods. For private showings, please text LA1. Thank you.
No exterior & parking available.
Grades K-6 • 0.5 mi
Grades K-5 • 0.8 mi
Grades K-6 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,017 | 1,672 |
| Lot Size | 4,886 | 6,067 |
| Price | $1.30M | $1.37M |
| Price per sq ft | $1.3K | $801 |
| Built year | 1938 | 1939 |
| HOA | $0 | $348 |
| Days on market | 12 | 56 |
Jul 10, 2026
$1,299,000
Initial Listing
May 18, 2004
$635,500
Public Record
Jul 26, 2001
$395,000
Public Record
Apr 11, 1997
$218,500
Public Record