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Favorite House in Silver Lake this week

When I looked at the history of this house over the last few years, I see it sold in July 2016 (see photos below) for $675k in less than a month and then again in December 2017 for $700k in less than a month as a new flip. So someone put in a lot of time and money and made no profit? Then sold it only to be knocked down, lot sub-divided and 2 modern homes built in its place. So, for $1.4m you can have a single-family new home with a garage and a front yard, but in 3-4 weeks, there will be another similar home for sale for probably a similar price in your backyard. These are not condos, not TICs, not single-family sub lots, just a property that was sub-divided with 2 new homes and a shared easement for a driveway. Density! Is this a new trend? (Somehow this property is in the 90004 Larchmont zip code so it is likely on the border of Silver Lake). I am not a huge fan of this architecture and the neighborhood is transitioning. CALL ME TO VIEW.

Price: $1,474,000  2422 sf

From MLS: One of two sophisticated new modern 2-story single-family homes in hip, vibrant Silverlake area. Open entertainer’s layout with high ceilings, natural light, recessed LED lighting and wood flooring throughout. Main level features 9-foot sliding glass doors leading to private front grassy yard, open concept living, dining and breakfast areas, laundry area, guest half bath & cook’s eat-in kitchen with large island, custom cabinetry and stainless steel appliances, including built-in wine fridge. Spacious master suite boasts private spacious deck with views of the Hollywood Hills, walk-in closet and en-suite bathroom with dual sinks, rainfall shower with built-in bench and soaking tub. 2 additional large bedrooms (one with balcony overlooking the Hollywood Hills) and full bathroom upstairs. 2 car-direct entry garage accessible by automated gate. Walking distance to local hot spots, restaurants and shopping. All photos from MLS and listed by: 



From previous listings:

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