655 N La Fayette Park Place, Los Angeles, California 90026, Los Angeles, 90026 - 3 bed, 2 bath
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Los Angeles, California 90026
This Turnkey Single Family Residence represents a Strong Value Opportunity, listed at $999,000—positioned well below the $1,043,217 Fair Market Value by 4%. This valuation gap offers $44,217 in Instant Equity. Featuring a Mint Condition Rating with high-end renovations and Ready-to-Issue ADU plans, the property provides immediate rental income potential. Located near Top-Rated Schools like Ivanhoe Elementary, this home is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a modern, income-generating asset in the heart of Silver Lake.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 655 N La Fayette Park Place Subject | $999,000* List Price | 3 | 2 | 1,129 | $927 | - |
A 917 N Vendome Street Sold | $1,279,000 | 2 | 2 | 1,378 | $928 | 0.3 mi |
B 347 N Rampart Boulevard Sold | $969,000 | 3 | 2 | 1,224 | $792 | 0.3 mi |
C 1625 Montana Street Sold | $1,240,000 | 2 | 2 | 1,218 | $1,018 | 1.0 mi |
D 851 N Rampart Boulevard Sold | $765,000 | 2 | 1 | 936 | $817 | 0.2 mi |
E 3435 Plata Street Sold | $910,000 | 2 | 1 | 953 | $955 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a complete, high-end renovation within the last year, featuring a brand-new kitchen with quartz countertops and custom cabinetry, fully updated bathrooms with modern LED mirrors, and new mini-split HVAC systems. Despite the 1940 build date, the interior and systems are in mint, move-in-ready condition with no maintenance required.
Elementary School: Ivanhoe Elementary School (9/10).
The inclusion of Ready-to-Issue (RTI) plans for a 2-bedroom, 2-bathroom ADU provides a rare and immediate opportunity to increase property value and generate rental income.
Fully renovated and move-in ready, the home features high-end designer finishes, quartz countertops, and a private primary suite, offering a modern lifestyle at a competitive sub-$1M price point in Silver Lake.
The property was recently sold within the past year on 2025-12-31. The sold price is $840,000.00.
With only 1,129 square feet distributed across three bedrooms, the interior layout may feel constrained, particularly for families or those requiring larger communal areas.
The property lacks the hillside or city views often associated with the Silver Lake area, which may be a drawback for buyers specifically seeking the neighborhood's signature vistas.
The words "Silver Lake," "fully renovated," and "under $1 million" don't usually appear in the same sentence.. Until now! Add in RTI ADU plans, and things get even more interesting! Ok, now I have your attention! Freshly renovated and move-in ready, this stylish Silver Lake home offers the rare combination of modern updates, outdoor space, and future potential! Sunlight fills the open-concept living and dining area, while the beautifully updated kitchen features custom two-tone cabinetry, quartz countertops, new appliances, and designer finishes throughout. Three well-appointed bedrooms include a private primary suite with direct backyard access, a walk-in closet, and a thoughtfully renovated ensuite bath with LED mirrors to admire your sharp jawline. Outside, the generous backyard offers plenty of room to entertain under the string lights, garden, relax, or bring your vision to life. Included in the sale are Ready-to-Issue plans for a 999sf 2-bedroom, 2-bath ADU, creating an exceptional opportunity for future rental income, guest quarters, a home office, or creative studio. You decide! Unlock your income earning potential here! Located just moments from Silver Lake favorites including Cafe Tropical, Maury's, Psychic Wines, Ceci Gastronomy, Izakaya Osen, Silverlake Ramen, and Los Globos, you'll also enjoy easy access to the Silver Lake Reservoir, Echo Park, and everything that makes the Eastside lifestyle so desirable. Welcome home!
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades K-6 • 0.7 mi
Grades K-1 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,129 | 1,672 |
| Lot Size | 6,254 | 6,067 |
| Price | $999.0K | $1.37M |
| Price per sq ft | $885 | $801 |
| Built year | 1940 | 1939 |
| HOA | $0 | $348 |
| Days on market | 34 | 56 |
Jun 18, 2026
$999,000
Initial Listing
Dec 31, 2025
$840,000
Public Record