1016 Manzanita Street, Los Angeles, California 90029, Los Angeles, 90029 - 5 bed, 5 bath

1016 Manzanita Street, Los Angeles, California 90029 home-pic-0
ACTIVE$2,595,000
1016 Manzanita Street, Los Angeles, California 90029
5Beds
5Baths
3,108Sqft
7,501Lot
Year Built
1922
Close
-
List price
$2.6M
Original List price
$2.9M
Price/Sqft
$835
HOA
-
Days on market
-
Sold On
-
MLS number
25591801
Home ConditionExcellent
Features
Excellent View: City Lights, Hills, Landmark, Panoramic
ViewCity Lights,Hills,Landmark,Panoramic

About this home

Possibly Over-Priced:The estimated price is 9% below the list price. We found 3 Cons,5 Pros. Rank: price - $2.60M(95th), sqft - 3108(90th), beds - 5(86th), baths - 5(90th).

Now with a $300,000 price adjustment! Set on a promontory with sweeping views that survey the city, hillsides and landmarks like the Hollywood Sign and Griffith Observatory, a meticulously renovated creative compound in prime Silver Lake by AIH Development. Perfectly situated for multigenerational families, 'house hackers' looking to get into homeownership and offset their mortgage with rental income, or those looking for property that provide ample space for creative living. The property consists of a front dwelling, configured as an upper and lower unit, and a separate guest casita. Newly rebuilt in 2025, this special home offers premium design finishes and materials, considered kitchens with high end appliances and ample bedrooms with built in closeting and large en suite baths. The front structure offers two separate living spaces, each with their own entrance. Each floor plan features 2 bedrooms, 2 bathrooms, living room, dining area, and kitchens. Facing toward the southwest, with romantic French door Juliette balconies, enjoy exceptional natural lighting all day long and stunning sunsets, framed by panoramic views of the city. Luxurious amenities include designer tile and stone bathrooms, oak engineered flooring, kitchens with custom white oak cabinetry, eat-in peninsulas and Fisher Paykel and LG appliances. The separate guest casita is perfectly proportioned with a private grassy side yard. From stucco to windows, doors, roof, water lines, sewer, electrical, and HVAC, this property has been meticulously rebuilt with energy efficiency, longevity, and ease of maintenance in mind. No expense was spared on the exterior and grounds with a significant landscaping program, automatic sprinklers, and photocell pathway and landscape lighting. Fully gated for security and privacy, the bricked pedestrian entrance features Door Bird intercom system and the expanded driveway has an automatic gate for ease. Two private garages and one dedicated parking space each feature their own 240v charging portals. Situated in Silver Lake's Sunset Junction, the location is unmatched with the best amenities in the neighborhood literal steps from your front door - Erewhon, Silver Lake Pool & Inn, Intelligentsia, Bar Seco, Santo, Tartine, Stella, weekly Farmer's Market, Condor, Bacari, and so much more. Rarely do opportunities to own a significantly upgraded and thoughtfully designed, creative property in an A+ neighborhood become available.

Price History

Date
Event
Price
10/30/25
Price Change
$2,595,000-10.4%
09/12/25
Listing
$2,895,000
Condition Rating
Excellent

Despite being built in 1922, this property has been 'newly rebuilt in 2025' by AIH Development, meaning it's essentially a brand-new home. The description explicitly states that all major components, including stucco, windows, doors, roof, water lines, sewer, electrical, and HVAC, are new. The kitchens feature high-end Fisher Paykel and LG appliances, custom white oak cabinetry, and modern design, as confirmed by the images. Bathrooms boast designer tile and stone. Oak engineered flooring is present throughout, and the overall aesthetic is contemporary and high-quality, with no deferred maintenance. This aligns perfectly with the 'excellent' criteria for a recently and extensively renovated property.
Pros & Cons

Pros

Prime Location & Amenities: Situated in Silver Lake's Sunset Junction, the property boasts an A+ location with immediate access to highly desirable amenities including Erewhon, popular restaurants, cafes, and the weekly Farmer's Market, offering an unparalleled urban lifestyle.
Income Potential & Flexible Living: Configured as an upper and lower unit in the front dwelling, plus a separate guest casita, this property is ideal for multigenerational families, 'house hackers' seeking rental income, or those desiring ample space for creative living.
Extensive & Modern Renovation: Meticulously rebuilt in 2025 by AIH Development, the property features new stucco, windows, doors, roof, water lines, sewer, electrical, and HVAC, ensuring energy efficiency, longevity, and low maintenance.
Panoramic Views: Set on a promontory, the property offers sweeping panoramic views of the city, hillsides, and iconic landmarks such as the Hollywood Sign and Griffith Observatory, enhancing its aesthetic appeal and value.
High-End Finishes & Smart Features: The home showcases premium design finishes, including designer tile and stone bathrooms, oak engineered flooring, custom white oak cabinetry, high-end Fisher Paykel and LG appliances, 240v EV charging portals, and a Door Bird intercom system, providing luxury and convenience.

Cons

Price Discrepancy with Market Value: Despite a recent $300,000 price adjustment, the listing price remains 8% above the estimated property value, potentially indicating an overvaluation relative to current market expectations or a longer time on market.
Complexity of Multi-Unit Management: While offering income potential, the multi-unit configuration (upper/lower units + casita) may present complexities for buyers not accustomed to managing multiple tenants or coordinating diverse living arrangements within a single property.
Limited Private Outdoor Space for Main Units: The description highlights Juliette balconies for the front structure and a private grassy side yard for the casita, but does not explicitly detail expansive private patios or significant yard space for the main living areas, which some buyers may desire.

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