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Sold for $1,060,000
  • Listed by: City Light Realty • Sean Aziz • Contact: 866-615-2542
    Bought with: eXp Realty of California Inc
    $1,060,000

    2586 Lake View Ave, Los Angeles, CA 90039

    4beds
    1,536sqft
    Single Family Residence
    Built in 1923
    4,477 Square Feet Lot
    $-- Zestimate®
    $690/sqft
    $6,529 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $6,529/mo

    Zestimate® history
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    What's special

    Discover an exceptional opportunity in one of Los Angeles’ most desirable pockets with 2586 Lake View Ave, a rare bank-owned duplex offering remarkable potential, sweeping views, and endless possibilities for both investors and end-users. Perched above the street with an elevated vantage point, this property captures stunning panoramas of the surrounding hills and cityscape, creating a serene backdrop that enhances its long-term value. Thoughtfully configured as a two-unit property, the home features a spacious 2-bed, 1-bath upper residence and a 2-bed, 1-bath lower residence, each with its own private entrance. The upstairs unit offers abundant natural light, open living spaces, and access to the property’s most impressive views—perfect for an owner-occupied setup or a premium rental. The lower unit mirrors the functionality of the upper level, providing comfortable living quarters and flexibility for multi-generational living, rental income, or creative reimagining. While the property is bank owned, its untapped potential is immediately evident. With vision and improvements, this duplex could become a standout showcase of modern living—or a high-performing income generator in a neighborhood where renovated homes command strong market prices. Investors will appreciate the property’s layout, the ability to live in one unit while renting the other, or the opportunity to convert it into a single expansive residence. Nestled in the vibrant Silver Lake / Echo Park adjacent area, the home sits moments away from beloved cafes, boutiques, parks, and the iconic Silver Lake Reservoir. The location balances urban convenience with the peaceful charm of hillside living, making it highly desirable to renters and homeowners alike. Whether you’re looking for a value-add project, a strategic investment, or a home with room to customize and grow, 2586 Lake View Ave offers a rare combination of location, views, and versatility. With strong bones and an outstanding setting, this property is primed to reward the right buyer with significant upside. Seize this chance to transform a hidden gem into a shining example of Los Angeles living. Properties with this much potential—and this much character—don’t come often.

    Zillow last checked:

    Listing updated:

    Listed by:

    Sean Aziz DRE #01845322 714-272-3551,

    City Light Realty,

    Kelle Mortensen DRE #01507063 949-415-8920,

    The Agency

    Bought with:

    Kathy Khang, DRE #02316748

    eXp Realty of California Inc

    Source: CRMLS,MLS#: PW25268775MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    • Full bathrooms: 2
    • Main level bathrooms: 1
    • Main level bedrooms: 2
    Rooms
    • Room types: Family Room, Kitchen, Other
    Bathroom
    • Features: Bathroom Exhaust Fan, Tub Shower
    Kitchen
    • Features: Granite Counters, Kitchen/Family Room Combo, Kitchenette
    Heating
    • See Remarks
    Cooling
    • See Remarks
    Appliances
    • Included: Dishwasher, Gas Cooktop, Gas Range, Microwave, Range Hood, Water Heater
    • Laundry: Common Area
    Features
    • Ceiling Fan(s), Eat-in Kitchen, See Remarks
    • Flooring: Laminate, Tile
    • Has fireplace: No
    • Fireplace features: None
    • Common walls with other units/homes: 1 Common Wall
    Interior area
    • Total interior livable area: 1,536 sqft

    Property

    Parking
    • Parking features: Driveway
    Accessibility
    • Accessibility features: See Remarks
    Features
    • Levels: One
    • Stories: 1
    • Entry location: 1
    • Patio & porch: Patio, Porch, See Remarks
    • Pool features: None
    • Spa features: None
    • Has view: Yes
    • View description: Hills, Mountain(s)
    Lot
    • Size: 4,477 Square Feet
    • Features: Sloped Down, Front Yard
    Details
    • Parcel number: 5438011013
    • Special conditions: Real Estate Owned

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: See Remarks
    • Property subtype: Single Family Residence
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 1923

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Features: Sidewalks
    Location
    • Region: Los Angeles

    Financial & listing details

    • Price per square foot: $690/sqft
    • Tax assessed value: $1,415,983
    • Annual tax amount: $17,064
    • Date on market: 12/1/2025
    • Cumulative days on market: 79 days
    • Listing terms: Conventional,FHA,Fannie Mae,Freddie Mac,Submit,VA Loan

    Price history

    DateEventPrice
    2/3/2026Sold$1,060,000-21.4%$690/sqft
    Source: CRMLS #PW25268775 Report a problem
    7/29/2025Sold$1,349,000-10.1%$878/sqft
    Source: Public Record Report a problem
    6/28/2025Listed for sale$1,500,000-6.2%$977/sqft
    Source: SDMLS #SR25144635 Report a problem
    3/1/2024Listing removed--
    Source: CLAW #23-334981 Report a problem
    11/30/2023Listed for sale$1,599,000$1,041/sqft
    Source: CLAW #23-334981 Report a problem
    10/23/2023Listing removed--
    Source: CLAW #23-303531 Report a problem
    10/23/2023Listed for sale$1,599,000+45.4%$1,041/sqft
    Source: CLAW #23-303531 Report a problem
    11/24/2021Sold$1,100,000-8.3%$716/sqft
    Source: Public Record Report a problem
    9/17/2021Pending sale$1,199,999$781/sqft
    Source: CRMLS #DW21123686 Report a problem
    8/17/2021Price change$1,199,999-7.7%$781/sqft
    Source: CRMLS #DW21123686 Report a problem
    6/20/2021Price change$1,299,999-10.3%$846/sqft
    Source: CRMLS #DW21123686 Report a problem
    6/10/2021Listed for sale$1,450,000+1357.3%$944/sqft
    Source: RE/MAX International #DW21123686 Report a problem
    12/11/1995Sold$99,500-41.8%$65/sqft
    Source: Public Record Report a problem
    5/10/1995Sold$171,044$111/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$17,064 +1.2%$1,415,983 +2%
    2024$16,856 +2%$1,388,220 +2%
    2023$16,526 +27%$1,361,000 +23.7%
    2022$13,017 +623.5%$1,100,000 +700.5%
    2021$1,799 -0.8%$137,407 +1%
    2020$1,813 $135,999 +2%
    2019$1,813 +5.2%$133,334 +2%
    2018$1,724 $130,721 +2%
    2017$1,724 +2.3%$128,159 +2%
    2016$1,685 +3.3%$125,647 +1.5%
    2015$1,631 +0.5%$123,761 +2%
    2014$1,623 $121,338 +2.5%
    2012-- $118,424 +2%
    2011-- $116,103 +0.8%
    2010-- $115,236 -0.2%
    2009-- $115,511 +2%
    2008-- $113,247 +2%
    2007-- $111,028 +2%
    2006-- $108,852
    2005-- $108,852 +4%
    2004-- $104,626 +1.9%
    2003-- $102,710 +2%
    2002-- $100,697 +4%
    2000-- $96,789
    Find assessor info on the county website

    Neighborhood: Silver Lake

    Nearby schools

    GreatSchools rating
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