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3538 London Street, Los Angeles, California 90026, Los Angeles, 90026 - 5 bed, 3 bath

3538 London Street, Los Angeles, California 90026 home-pic-0
ACTIVE$1,375,000
3538 London Street, Los Angeles, California 90026
5Beds
3Baths
2,258Sqft
4,761Lot
Year Built
1913
Close
-
List price
$1.38M
Original List price
$1.09M
Price/Sqft
$609
HOA
-
Days on market
-
Sold On
-
MLS number
25516691
Home ConditionGood
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 30% below the list price. We found 3 Cons,6 Pros. Rank: price - $1.38M(40th), sqft - 2258(73th), beds - 5(93th), baths - 3(57th).

In prime Silver Lake find this rare offering, a versatile compound with two detached residences delivered vacant. The front bungalow circa 1913 has undergone a mindful renovation, featuring airy open-concept flow, quartz countertops, stainless appliances and three restful bedrooms. Just beyond, the Mission Revival home retains its original charm with coved ceilings, decorative hearth and graceful archways on the main level; two bedrooms, a balcony and a vintage bath detailed with purple tile await upstairs. The gated yard is a low-maintenance retreat with a mature guava tree, driveway parking and a garage; amenities include central AC in the front home and mini-splits in the back.Offering potential for income generation or a spacious home base, this property delivers maximum flexibility. Close to Cafecito Organico, Be U Vietnamese, Bellevue Rec Center, and just minutes from Hoover Ave and Sunset Junction, everything you need is within easy reach.

Nearby schools

5/10
Commonwealth Avenue Elementary School
Public,•K-5•0.3mi
6/10
Dayton Heights Elementary School
Public,•K-5•0.3mi
7/10
Dr. Sammy Lee Medical And Health Science Magnet Elementary
Public,•K-5•0.4mi
4/10
Lockwood Avenue Elementary School
Public,•K-6•0.7mi
5/10
Micheltorena Street Elementary School
Public,•K-5•0.8mi
/10
Lexington Avenue Primary Center
Public,•K-2•1.0mi
/10
Lake Street Primary School
Public,•K-1•1.1mi
2/10
Mayberry Street Elementary School
Public,•K-6•1.1mi
8/10
Clifford Street Elementary School
Public,•K-6•1.7mi
7/10
Los Feliz STEMM Magnet
Public,•K-6•1.7mi
8/10
Franklin Avenue Elementary School
Public,•K-6•1.8mi
9/10
Ivanhoe Elementary School
Public,•K-5•2.3mi
8/10
Allesandro Elementary School
Public,•K-6•2.4mi
5/10
Virgil Middle School
Public,•6-8•0.6mi
6/10
Thomas Starr King Middle School
Public,•6-8•1.2mi
6/10
Irving STEAM Magnet
Public,•6-8•3.6mi
3/10
Belmont Senior High School
Public,•9-12•1.7mi
8/10
John Marshall Senior High School
Public,•9-12•2.0mi

Price History

Date
Event
Price
06/01/23
Sold
$1,200,000
Condition Rating
Good
This property is a compound with two distinct residences. The front bungalow has undergone a mindful and recent renovation, featuring a modern open-concept kitchen with quartz countertops and stainless steel appliances, updated bathrooms with contemporary finishes, and central AC, placing it in excellent condition. The second Mission Revival home retains its original charm with coved ceilings and a decorative hearth. While it has functional mini-split AC units, its 'vintage bath detailed with purple tile' is significantly outdated and would likely require renovation for most buyers. Overall, the property is move-in ready with well-maintained systems, but the dated elements in the second unit prevent an 'Excellent' rating, making 'Good' the most appropriate score.
Pros & Cons

Pros

Great Schools: Elementary School: Ivanhoe Elementary School (9/10).
Dual Residence / Income Potential: Property features two detached residences delivered vacant, offering significant flexibility for income generation or multi-generational living.
Prime Silver Lake Location: Situated in a highly desirable Silver Lake neighborhood, providing convenient access to local amenities, dining, and recreation.
Renovated Front Unit: The front bungalow has been mindfully renovated with an open-concept layout, quartz countertops, and stainless steel appliances, appealing to modern tastes.
Charming Second Unit: The Mission Revival home retains original architectural charm, including coved ceilings, a decorative hearth, and graceful archways.
Practical Amenities & Parking: Includes a gated, low-maintenance yard, driveway parking, a garage, and climate control (central AC in front, mini-splits in back).

Cons

Significant Price Discrepancy: The current list price is considerably higher than the property's estimated value, potentially indicating an aggressive pricing strategy or a need for market justification.
Age-Related Maintenance: As a 1913 build, despite renovations, the property may incur higher ongoing maintenance costs or require future updates typical of older homes.
Dated Features in Second Unit: The 'vintage bath detailed with purple tile' in the Mission Revival home might be considered dated by some buyers, potentially necessitating a renovation.

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