About this home

$100,000 REDUCTION: Hi, I'm 2338, 2338 & 2340 Lake View Drive, a 1936 Spanish garden compound tucked into the hills of Silver Lake. Yes, I'm technically three separate residences. I prefer to think of myself as an exceptionally charming little real estate empire with better landscaping. My setup includes a 2-bedroom main residence with a separate office and 2-car garage used as a social cave, a spacious 1-bedroom residence, and a garden studio, all arranged across a lush, terraced lot with privacy, personality and with tree and city views. Each residence has its own character, along with arched entries, wood, wood-laminate, carpet and tile flooring, thoughtful lighting, kitchens with updated appliances, bathrooms with showers and/or tubs, and laundry available on the property. I've also had some serious work done and not the kind involving a suspiciously flattering profile picture. Improvements include new kitchen appliances throughout, tankless water heaters, extensive plumbing upgrades, a new sewer line and main water line, replacement piping, significant electrical updating, new exterior stairs, newer windows, soundproofing improvements, bathroom tile upgrades, a newer asphalt-shingle roof at the main residence, and a rebuilt chimney. There are also three separate gas meters and three separate electrical meters, making life considerably easier for an income-producing property. Outside, I'm where things get especially good. A small, cozy front yard and deck welcome you in, while terraced back gardens create multiple outdoor spaces for relaxing, entertaining or pretending you've finally mastered gardening. From various points around the property, you'll catch views across the city and surrounding hills. And then there's Silver Lake. I'm close to the neighborhood's restaurants, cafes, shops, creative energy, outdoor recreation and the Silver Lake Reservoir area near enough to enjoy the action while still feeling tucked away when you come home. For an investor, I arrive with another attractive feature: all residences are currently leased to excellent tenants, who are paying their individual utilities other than owner-paid water and landscaping. Historically, vacancies have been rare and the residences have rented quickly when available. No cash for keys conversations have been had with the tenants, FYI. All in all, I'm a unique opportunity to own a character-rich, multi-residence Silver Lake compound offering income, flexibility and substantial recent improvements, all wrapped in classic 1930s Los Angeles charm. I'm being priced competitively with multiple offers in mind, and first showings will take place at the open houses. Opportunities like me tend not to sit around admiring their own city views, so don't assume I'll last long. Come see me in person, attend the upcoming Open House, or contact the listing team for additional information. I clean up pretty well.

Facts and features

Schools

• Allesandro Elementary School

  elementary · K-6 · 0.3 mi

  9

• Washington Irving Middle School Math Music and Engineering Magnet

  middle · 6-8 · 1.5 mi

  9

• John Marshall Senior High School

  high · 9-12 · 1.5 mi

  8

• St. Teresa Of Avila Elementary School

  elementary · K-8 · 0.5 mi

• Baxter Montessori School

  elementary · K-3 · 0.7 mi

• Clifford Street Elementary School

  elementary · K-5 · 0.7 mi

  6

Price history

• Sep 28, 2026 · Price Changed$1,699,999
• Aug 20, 2026 · Listed$1,799,999
• Jul 29, 2016 · Sold$1,265,000
• May 15, 2016 · Listed$1,295,000
• May 15, 2016 · Listed$1,295,000
• Jul 15, 2003 · Sold$580,000
• Jun 2, 2003 · Listed$569,000
• Dec 15, 1993 · Sold$42,500

Tax history

• 2025$17,756 tax · $1,497,499 assessed
• 2024$17,569 tax · $1,468,137 assessed
• 2023$17,226 tax · $1,411,129 assessed
• 2021$16,219 tax · $1,356,335 assessed
• 2020$16,387 tax · $1,342,428 assessed
• 2019$15,731 tax · $1,316,106 assessed
• 2018$15,639 tax · $1,290,300 assessed
• 2017$15,295 tax · $1,265,000 assessed

Home value

$1,735,040

• Quantarium$1,735,040
• Collateral Analytics$1,782,000
• Cotality$1,651,700

Where it is