Property Detail

Description

Two distinct homes on one street-to-street lot offer a unique investment opportunity, providing the feel of two separate single-family residences. A++ location within the coveted pocket of Silver Lake in the highly regarded Ivanhoe Elementary School District. Each home has its own entrance from a different street, both separately gated with private parking which adds privacy and independence. The original residence, 2 bed/2 bath built in 1922 and completely remodeled in 2014, fronts Glendale Blvd and is fenced with mature hedges, while the second home, 3 bed/2 bath built in 2008, is accessed from Ivan Hill Terrace and features Mid-Century inspired architecture. Both homes are currently rented and separately metered for all utilities. The original home is subject to LA City rent control (RSO), while the newer residence is not. Hold both as income producing properties and explore the future opportunity to live in one while collecting rental income from the other. This distinctive property combines architectural character, separate street access, and flexibility for investors and future owner-occupants alike.