Silver Lake Mid-Century Diamond In The Rough Is Renovator's Dream

LOS ANGELES, CA — In Los Angeles, the unofficial house flipping capital of the world, it can be hard finding that mythical diamond in the rough. When a good deal hits the market it's quickly scooped up by investors with the cash to compete.

But then there are the diamonds in the truly, truly rough, the kind that scare off all but the bravest renovators. And this unique Mid-Century Modern falls firmly into that camp. But for the renovator with vision, it's a real gem. On the market for the first time since it was built in 1960, it's a rare find.

This A-frame was designed to take full advantage of the views of the mountains and the Silver Lake reservoir, which is just a block away. It has a loft, and boasts two fireplaces. It's bright and airy with soaring ceilings, a deck and an albeit battered pool. While the new owner will likely have to gut this home, it's bones are amazing. It's an architectural gem for the Silver Lake connoisseur of Mid-Century Modern, and it's listed for under $1 million.

• Address: 2401 Silver Ridge Ave, Los Angeles, California
• Price: $850,000
• Square Feet: 1840
• Bedrooms: 1
• Bathrooms: 2 Baths
• Built: 1960
• Features: Unique Mid-Century Modern A-Frame with mountain & reservoir views. First time on the market since it was built; this home is in need of MAJOR repairs. The two-story living room with its floor to ceiling windows features great views of the mountains, wood floors, and a handsome stone fireplace. Downstairs is comprised of the kitchen with a breakfast bar, a small office, three-quarter bath, a larger back office that could be a second bedroom, and access to the pool area. Upstairs via a spiral staircase is an open loft style bedroom with fireplace, a full bath and a large deck with serene views of Silver Lake reservoir, Griffith Park Observatory, and the Hollywood sign. This is not a simple paint and fix; this home is for experienced renovators or someone with a strong vision. There is NO running water in the house. R2 zoning offers more options. R2 lot next door is also being offered for sale separately for $399,000.

This listing originally appeared on realtor.com. For more information and photos, click here.