
Los Angeles, California 90041
This Panoramic Hillside Retreat is a Strong Value Opportunity, listed at $1,699,999—positioned well below the $1,800,185 Fair Market Value by 5%. This valuation gap offers $100,186 in Instant Equity for incoming buyers. Featuring a Modern Condition Rating from a recent extensive remodel, the home offers a contemporary kitchen, private spa, and sweeping vistas of the Griffith Observatory. Zoned for the top-rated Delevan Drive Elementary (9/10), the property combines lifestyle luxury with significant equity potential. It is perfectly suited for Owner-Occupants or Buy-and-Hold Investors seeking a high-performing asset in Eagle Rock.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5338 Waldo Subject | $1,699,999* List Price | 3 | 2 | 2,094 | $860 | - |
A 5452 Mt. Helena Avenue Sold | $2,206,000 | 4 | 3 | 2,353 | $938 | 0.4 mi |
B 5219 Lunsford Drive Sold | $1,430,000 | 3 | 2 | 1,753 | $816 | 0.1 mi |
C 1901 Nolden Street Sold | $1,650,000 | 3 | 3 | 2,284 | $722 | 1.0 mi |
D 1226 Cedaredge Avenue Sold | $1,350,070 | 2 | 2 | 1,311 | $1,030 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1962, the property has undergone an extensive recent remodel that brings it up to modern standards. The interior features a contemporary kitchen with updated cabinetry and stainless steel appliances, new wide-plank flooring, recessed lighting, and fresh paint throughout. Major systems like central air are present, and the overall aesthetic reflects high-quality, move-in-ready condition with no visible deferred maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9546, living area = 2094.
Elementary School: Delevan Drive Elementary School (9/10).
The property offers exceptional, sweeping vistas of Eagle Rock, Glendale, and the Griffith Observatory from nearly every major living space, significantly enhancing its luxury appeal.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
A wall between living areas was removed without permits, and the third bedroom is not officially permitted as a bedroom, which may complicate future resale or structural certifications.
Official tax records identify the property as a 2-bedroom home, which could lead to challenges with appraisals, financing, and buyer expectations regarding the legal room count.
Panoramic Eagle Rock View Retreat Perched above the city on a private hillside lot, this newly remodeled 3-bedroom, 2-bath home offers approximately 2,100 square feet of living space with sweeping views from nearly every major room. Enjoy panoramic vistas of Eagle Rock, Glendale, Griffith Observatory, and the Studio City skyline from the living room, dining room, kitchen, primary suite, and downstairs third bedroom. Designed for both comfort and entertaining, the home features an updated kitchen with built-in cabinetry, two fireplaces, central air, and beautifully landscaped outdoor living areas. Step outside to an elevated deck and private spa—perfect for sunset dinners, relaxing evenings, or hosting guests under the city lights. The flexible downstairs bedroom can serve as a guest retreat, home office, gym, or creative studio. Set on a spacious hillside lot with room for a future pool, this property combines privacy, views, and lifestyle in one of Eagle Rock’s most desirable settings. Rarely does a home with this combination of views, square footage, outdoor space, and recent renovations come to market. A true hillside retreat above the city. Disclosures: Listing agent is owner. Tax records indicate the property is a 2-bedroom home. The third bedroom is a permitted room but is not permitted as a bedroom. Seller also notes that a wall between the living areas was removed without permits; buyer to verify all permits, square footage, room count, and property condition to their satisfaction.
No exterior & parking available.
Grades K-6 • 0.6 mi
Grades K-6 • 0.7 mi
Grades K-6 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 2,094 | 1,628 | 83% |
| Lot Size | 9,546 | 6,995 | 83% |
| Price | $1.70M | $1.35M | 74% |
| Price per sq ft | $812 | $901 | 38% |
| Built year | 1962 | 1925 | 86% |
| HOA | $0 | $0 | 50% |
| Days on market | 26 | 155 | 5% |
Mar 27, 2026
$1,699,999
Initial Listing