$1,112,500
SOLD JAN 22, 2025
2 Beds
2 Baths
1,760 Sq Ft
6,520 Sq Ft Lot

Recently Sold

$632 Per Sq Ft

9% Below List Price

129 Days on Market

Highlights

  • City Lights View
  • Private Yard
  • Living Room
  • Ivanhoe Elementary Rated A-
  • No HOA
  • Laundry Room

About This Home

As of January 2025

Welcome to 2491 Ivan Hill Terrace, located in Silver Lake at the end of a cul-de-sac. This single-family residence is currently a two-bedroom, two-bath, configured as a 3-unit property with a total of 4 bedrooms and 4 bathrooms. Location is everything; this property is perfectly positioned to take advantage of some of LA’s greatest treasures. Nearby are the serene Silver Lake Reservoir and Silver Lake Meadows, ideal for fresh air and enjoying the peaceful outdoors. The freeway is also close by, making commuting a breeze, and you're surrounded by an array of grocery stores, restaurants, and entertainment options. Explore the wonders of Griffith Observatory or catch a show at the iconic Greek Theater. Spend weekends in the lush greenery of Elysian Park, or indulge in the vibrant local culture that defines Los Angeles living.

Last Agent to Sell the Property

Jeff Russell

eXp Realty of California Inc Brokerage Email: Offers@RussellRealtyGrp.com License #01275750 Listed on: 07/29/2024

eXp Realty of California Inc

Last Buyer's Agent

Geoffrey Frid

Compass License #02089672

Compass

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1931 | Remodeled

Lot Details

  • 6,520 Sq Ft Lot
  • West Facing Home
  • Private Yard
  • Property is zoned LAR2

Parking

  • On-Street Parking

Property Views

  • City Lights
  • Hills

Home Design

  • Entry on the 1st floor
  • Additions or Alterations

Interior Spaces

  • 1,760 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Laundry Room

Kitchen

  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms | 1 Main Level Bedroom

Additional Features

  • Exterior Lighting
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 9
  • Tax Tract Number 1
  • Assessor Parcel Number 5439007007
  • $189 per year additional tax assessments
  • Seller Considering Concessions

Home Details

Home Type

Single Family

Year Built

Built in 1931 | Remodeled

Lot Details

0

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • View: Yes
  • Zoning: LAR2
  • Property Condition: Additions/Alterations, Updated/Remodeled
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 5439007007
  • Year Built: 1931
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1760.00 Square Feet
  • Stories: 2
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Full Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 2
  • Entry Level: 1
  • Levels: Two
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 632.10
  • Room Type: Kitchen, Living Room

Exterior Features

  • Direction Faces: West
  • View: City Lights, Hills
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: No
  • Parking Features: Street

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Microwave, Refrigerator
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Yard
  • Lot Size Sq Ft: 6520.00
  • Lot Size Acres: 0.1497

Multi Family

  • Lease Considered: No
  • Lot Size Area: 6520.0000 Square Feet
  • Number Of Units Total: 3

Tax Info

  • Tax Census Tract: 1951.00
  • Tax Lot: 9
  • Tax Tract Number: 1
  • TaxOtherAnnualAssessmentAmount: 189.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 29, 2024
Closed on
Dec 11, 2024
Sold by
Psf Reo Llc
Bought by
Khorassani Nader
Seller's Agent
Jeff Russell
eXp Realty of California Inc
Buyer's Agent
Geoffrey Frid
Compass
List Price
$1,229,000
Sold Price
$1,112,500
Premium/Discount to List
-$116,500
-9.48%
Views
83
Current Estimated Value
$1,201,102

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$88,602
Avg. Annual Appreciation
8.69%
Original Mortgage
$834,375
Outstanding Balance
$825,225
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$375,877

Purchase Details

Listed on
Jul 29, 2024
Closed on
Dec 6, 2024
Sold by
Ps Funding Inc
Bought by
Psf Reo Llc
Seller's Agent
Jeff Russell
eXp Realty of California Inc
Buyer's Agent
Geoffrey Frid
Compass
List Price
$1,229,000
Sold Price
$1,112,500
Premium/Discount to List
-$116,500
-9.48%
Views
83

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$834,375
Outstanding Balance
$825,225
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$375,877

Purchase Details

Closed on
Jun 5, 2024
Sold by
California Td Specialists Llc
Bought by
Ps Funding Inc

Purchase Details

Closed on
Apr 21, 2023
Sold by
Brown Raymond Chigozie
Bought by
2491 Ivan Hill Terrace Llc

Purchase Details

Listed on
Jul 22, 2021
Closed on
Oct 6, 2021
Sold by
Andrews Ghanaughn
Bought by
Brown Raymond Chigozie
Seller's Agent
Ernesto Espinoza
Allison James Estates & Homes
Buyer's Agent
Raymond Brown
RC Brown Homes
List Price
$1,599,000
Sold Price
$1,550,000
Premium/Discount to List
-$49,000
-3.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-5.90%
Original Mortgage
$1,500,000
Interest Rate
2.8%
Mortgage Type
Construction

Purchase Details

Listed on
Jul 22, 2021
Closed on
Sep 8, 2021
Sold by
Masis Holdings Llc and Desirable Living Llc
Bought by
Brown Raymond Chigozie
Seller's Agent
Ernesto Espinoza
Allison James Estates & Homes
Buyer's Agent
Raymond Brown
RC Brown Homes
List Price
$1,599,000
Sold Price
$1,550,000
Premium/Discount to List
-$49,000
-3.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
2.8%
Mortgage Type
Construction

Purchase Details

Listed on
Jul 7, 2020
Closed on
Nov 24, 2020
Sold by
Hiscott Deborah E and Hooker Dennis M
Bought by
Masis Holdings Llc
Seller's Agent
Vickie Sun
Trustige Realty Group, Inc.
List Price
$2,500,000
Sold Price
$750,000
Premium/Discount to List
-$1,750,000
-70%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
134.91%
Original Mortgage
$670,500
Interest Rate
2.8%
Mortgage Type
Construction

Purchase Details

Closed on
Sep 30, 2020
Sold by
Hooker Robert V
Bought by
Hooker Robert V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$670,500
Interest Rate
2.8%
Mortgage Type
Construction
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,112,500 Wfg National Title
Quit Claim Deed -- Wfg National Title
Trustee Deed $1,685,865 None Listed On Document
Quit Claim Deed -- Accommodation/Courtesy Recordi
Grant Deed $745,000 Wfg National Title Company
Interfamily Deed Transfer -- Wfg National Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $834,375 New Conventional
Previous Owner $670,500 Construction
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/22/2025 01/22/25 Sold $1,112,500 -9.5% $632 / Sq Ft
12/05/2024 12/05/24 Pending -- -- --
11/17/2024 11/17/24 Price Changed $1,229,900 +0.1% $699 / Sq Ft
11/07/2024 11/07/24 For Sale $1,229,000 +10.5% $698 / Sq Ft
09/27/2024 09/27/24 Off Market $1,112,500 -- --
08/29/2024 08/29/24 Price Changed $1,499,900 -11.8% $852 / Sq Ft
08/08/2024 08/08/24 Price Changed $1,699,899 0.0% $966 / Sq Ft
07/29/2024 07/29/24 For Sale $1,699,900 +9.7% $966 / Sq Ft
10/15/2021 10/15/21 Sold $1,550,000 +3.4% $1,381 / Sq Ft View Prior Sale
08/29/2021 08/29/21 Pending -- -- --
08/07/2021 08/07/21 Price Changed $1,499,000 -6.3% $1,336 / Sq Ft
07/22/2021 07/22/21 For Sale $1,599,000 +113.2% $1,425 / Sq Ft
12/08/2020 12/08/20 Sold $750,000 -21.1% $668 / Sq Ft View Prior Sale
11/20/2020 11/20/20 Pending -- -- --
10/23/2020 10/23/20 Price Changed $950,000 -4.5% $847 / Sq Ft
10/09/2020 10/09/20 Price Changed $995,000 -20.3% $887 / Sq Ft
10/01/2020 10/01/20 Price Changed $1,249,000 -3.8% $1,113 / Sq Ft
09/24/2020 09/24/20 Price Changed $1,299,000 -5.2% $1,158 / Sq Ft
08/21/2020 08/21/20 Price Changed $1,370,000 -45.2% $1,221 / Sq Ft
07/07/2020 07/07/20 For Sale $2,500,000 -- $2,228 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $19,536 $1,112,500 $890,000 $222,500
2024 $19,536 $1,612,620 $1,290,096 $322,524
2023 $19,152 $1,581,000 $1,264,800 $316,200
2022 $18,249 $1,550,000 $1,240,000 $310,000
2021 $869 $59,047 $36,658 $22,389
2020 $790 $58,443 $36,283 $22,160
2019 $763 $57,298 $35,572 $21,726
2018 $741 $56,175 $34,875 $21,300
2016 $692 $53,996 $33,522 $20,474
2015 $683 $53,186 $33,019 $20,167
2014 $694 $52,145 $32,373 $19,772
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC24152280

California Regional Multiple Listing Service (CRMLS)

APN: 5439-007-007