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$1,799,999

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4 Beds

3 Baths

1,966 SqFt

New

2338 Lake View AVE Los Angeles, CA 90039

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The Brandon Drew Group

financing@tbdgmortgage.com +1(909) 944-8800

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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 1,966 sqft

Price per Sqft $915

Subdivision Tract No. 8131

MLS Listing ID 26873519

Bedrooms 4

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1936

Lot Size 5,558 Sqft

Property Description

Hi, I'm 2338, 2338 & 2340 Lake View Drive, a 1936 Spanish garden compound tucked into the hills of Silver Lake. Yes, I'm technically three separate residences. I prefer to think of myself as an exceptionally charming little real estate empire with better landscaping. My setup includes a 2-bedroom main residence with a separate office and 2-car garage used as a social cave, a spacious 1-bedroom residence, and a garden studio, all arranged across a lush, terraced lot with privacy, personality and with tree and city views. Each residence has its own character, along with arched entries, wood, wood-laminate, carpet and tile flooring, thoughtful lighting, kitchens with updated appliances, bathrooms with showers and/or tubs, and laundry available on the property. I've also had some serious work done and not the kind involving a suspiciously flattering profile picture. Improvements include new kitchen appliances throughout, tankless water heaters, extensive plumbing upgrades, a new sewer line and main water line, replacement piping, significant electrical updating, new exterior stairs, newer windows, soundproofing improvements, bathroom tile upgrades, a newer asphalt-shingle roof at the main residence, and a rebuilt chimney. There are also three separate gas meters and three separate electrical meters, making life considerably easier for an income-producing property. Outside, I'm where things get especially good. A small, cozy front yard and deck welcome you in, while terraced back gardens create multiple outdoor spaces for relaxing, entertaining or pretending you've finally mastered gardening. From various points around the property, you'll catch views across the city and surrounding hills. And then there's Silver Lake. I'm close to the neighborhood's restaurants, cafes, shops, creative energy, outdoor recreation and the Silver Lake Reservoir area near enough to enjoy the action while still feeling tucked away when you come home. For an investor, I arrive with another attractive feature: all residences are currently leased to excellent tenants, who are paying their individual utilities other than owner-paid water and landscaping. Historically, vacancies have been rare and the residences have rented quickly when available. No cash for keys conversations have been had with the tenants, FYI. All in all, I'm a unique opportunity to own a character-rich, multi-residence Silver Lake compound offering income, flexibility and substantial recent improvements, all wrapped in classic 1930s Los Angeles charm. I'm being priced competitively with multiple offers in mind, and first showings will take place at the open houses. Opportunities like me tend not to sit around admiring their own city views, so don't assume I'll last long. Come see me in person, attend the upcoming Open House, or contact the listing team for additional information. I clean up pretty well.

Location

State CA

County Los Angeles

Area C21 - Silver Lake - Echo Park

Zoning LAR2

Interior

Interior Features Open Floorplan, Storage

Heating Fireplace(s), Wall Furnace

Flooring Tile, Wood

Fireplaces Type Gas Starter

Inclusions Refrigerators, ranges/stoves, and washer/dryer included. Main residence has in-unit laundry; duplex units share washer/dryer.

Fireplace Yes

Appliance Barbecue, Dishwasher, Disposal, Gas Oven, Microwave, Range, Refrigerator, Range Hood, Dryer, Washer

Laundry In Garage, Outside

Exterior

Parking Features Concrete

Garage Spaces 1.0

Garage Description 1.0

Pool None

View Y/N Yes

View Canyon, Trees/Woods

Accessibility None

Porch Brick, Covered, Deck, Open, Patio

Total Parking Spaces 2

Private Pool No

Building

Lot Description Back Yard, Front Yard, Yard

Faces East

Story 2

Entry Level Two

Sewer Sewer Tap Paid

Water Public

Architectural Style Spanish

Level or Stories Two

New Construction No

Construction Status Updated/Remodeled

Schools

School District Los Angeles Unified

Others

Senior Community No

Tax ID 5440020017

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing Cash, Conventional, Submit

Listing Terms Cash, Conventional, Submit

Financing Cash,Conventional

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Erik Brown Compass #01958545

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