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2586 Lake View Avenue, Los Angeles, California 90039, Los Angeles, 90039 - 3 bed, 2 bath

2586 Lake View Avenue, Los Angeles, California 90039 home-pic-0
ACTIVE$1,300,000
2586 Lake View Avenue, Los Angeles, California 90039
3Beds
2Baths
1,536Sqft
4,477Lot
Year Built
1923
Close
-
List price
$1.3M
Original List price
$1.3M
Price/Sqft
$846
HOA
-
Days on market
-
Sold On
-
MLS number
PW25188755
Home ConditionPoor
Features
View-

About this home

Possibly Over-Priced:The estimated price is 13% below the list price. We found 3 Cons,5 Pros. Rank: price - $1.30M(29th), sqft - 1536(44th), beds - 3(50th), baths - 2(50th).

Bank-Owned Opportunity in Silver Lake Heights! Don’t miss this rare chance to own a 1,500 sq. ft. single-family residence in the heart of one of LA’s most sought-after neighborhoods. Currently configured as two units, this versatile property offers endless potential. The upper unit features 2 spacious bedrooms and 1 bath, while the lower unit also offers 2 bedrooms and 1 bath with an open-concept kitchen—perfect for modern living or generating rental income. With R-2 zoning, you have flexibility to maximize this property as an income-producing asset, a live/work setup, or simply transform it back into a stunning single-family home. Located just blocks from the iconic Silver Lake Reservoir, you’ll enjoy close proximity to trendy dining, boutique shopping, and quick freeway access for an easy commute. This is the ultimate blend of city convenience and neighborhood charm. Photos coming soon—stay tuned!

Price History

Date
Event
Price
08/25/25
Listing
$1,300,000
11/24/21
Sold
$1,100,000
Condition Rating
Poor
Built in 1923, this property is over 100 years old. While the description mentions an 'open-concept kitchen' in the lower unit, suggesting some updates, the overall condition is heavily impacted by its age and 'Bank-Owned / As-Is Condition.' The listing explicitly states 'Older Construction & Renovation Needs,' indicating it will 'likely require substantial investment in updating systems (e.g., plumbing, electrical, HVAC) and aesthetics.' The complete absence of interior photos, especially for kitchens and bathrooms, prevents any assessment of current quality or style, reinforcing the likelihood of significant deferred maintenance. The exterior image shows a property that appears lived in but not recently renovated, with a neglected front yard. This aligns with the 'Poor' category, which requires substantial repairs and rehabilitation, particularly for major components and systems.
Pros & Cons

Pros

Prime Silver Lake Location: Situated in the highly sought-after Silver Lake Heights, just blocks from the iconic Silver Lake Reservoir, offering close proximity to trendy dining, boutique shopping, and quick freeway access.
Income-Generating Potential: With R-2 zoning and currently configured as two separate 2-bedroom, 1-bath units, the property offers excellent potential for rental income or multi-generational living.
Versatile Use: The flexible R-2 zoning allows for various uses, including maintaining it as two income-producing units, converting it back into a single-family home, or utilizing it as a live/work space.
Open-Concept Kitchen: The lower unit features a modern open-concept kitchen, enhancing its appeal and functionality for contemporary living or rental.
Bank-Owned Opportunity: As a bank-owned property, it may present a unique acquisition opportunity for savvy investors or buyers looking for potential value in a prime location.

Cons

Bank-Owned / As-Is Condition: Being a bank-owned property, it is likely sold in 'as-is' condition, implying potential for required repairs, limited disclosures, and less negotiation flexibility, adding risk and potential costs for the buyer.
Lack of Current Visuals: The absence of current photos ('Photos coming soon') significantly hinders initial buyer interest and makes it difficult to assess the property's present condition and aesthetic appeal online.
Older Construction & Renovation Needs: Built in 1923, the property is an older home that will likely require substantial investment in updating systems (e.g., plumbing, electrical, HVAC) and aesthetics to meet modern standards and preferences.

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