Real Estate Report: Classic Silver Lake R.M Schindler House Drops $3.1MAuthor:Philip Ferrato
Silver Lake was a hotbed of modern architecture from the 1920’s into the late 1960’s and is full of historic design landmarks. This one may have been overpriced at $4.995M.
The Basics: A classic early-modernist house, circa 1925, with four bedrooms, two baths plus a half-bath, some mountain views, in the Silver Lake neighborhood of Los Angeles. Not So Basic: It’s a house designed by Frank Lloyd Wright protegé Rudolf M. Schindler for a somewhat eccentric millionaire doctor, James Eads, on-and-off the market for over two years with the price dropping $3.1M to $1.895M during that time. Taking advantage of the sloping site, the upper story is public spaces opening onto a garden, with bedrooms downstairs.The listing is silent on the original Schindler furniture in the pictures- which had been previously included in the price- and we suspect the owner will sell all that separately. Or elsewhere.
The owner’s a collector of modern houses (he might be considered a serial restorer) and some who have seen this one declare it over-restored. That’s OK, and might just be sour grapes, because I’ll be happy to move in tomorrow. Schindler was a Viennese architect who moved to Los Angeles in 1920 to work on Wright projects like the Hollyhock House and went on to reinvent the notion of a house and how it’s built.
The body of water referred to in “Silver Lake” is actually a reservoir with no waterfront access, although there’a a nice walk/jog path around it, with hills on two sides loaded with interesting houses.
Listing: 2422 Silver Ridge Avenue, Los Angeles [Redfin]