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$2,495,000
26827089 MLS
BEST OPPORTUNITY IN SILVER LAKE! TWO SIDE BY SIDE NEIGHBORING LOTS! APN: 5439-009-005 APN: 5439-009-006 IN PRIME SILVER LAKE! Vacant land lot and the neighboring lot has a SFR with utilities. These properties are near the trendy restaurants and hot spots of Silver Lake. Not far from the Silver Lake Reservoir, centrally located to the Hollywood Hills, Griffith Observatory, and DTLA. Zoned LAR 2. An amazing opportunity for investors and developers. Being zoned LAR 2 you could build Multifamily Units, along with a couple of ADU's per lot! This VALUE ADD property is located in a great rental market. Or flip the existing Spanish style structure and expand the living square feet. Add a pool with an amazing guest house. The possibilities are endless! These neighboring side by side lots are an amazing canvas that can not be missed. Property is to be sold with neighboring side by side lot with a SFR and Utilities on site. Sold as is and where is. Buyers and buyers agents are to do their own investigation on properties.

Glendale Blvd, Los Angeles

Listing courtesy of Listing Agent: Cindy Melendrez (cindy@estatexrealty.com) from Listing Office: EstateX inc..

$2,495,000
3 Beds 1 Baths 26817773 MLS
BEST OPPORTUNITY IN SILVER LAKE! TWO SIDE BY SIDE NEIGHBORING LOTS! APN: 5439-009-005 APN: 5439-009-006 IN PRIME SILVER LAKE! One lot has a SFR and the neighboring lot is vacant land with utilities near by. These properties are near the trendy restaurants and hot spots of Silver Lake. Not far from the Silver Lake Reservoir, centrally located to the Hollywood Hills, Griffith Observatory, and DTLA. Zoned LAR 2. An amazing opportunity for investors and developers. Being zoned LAR 2 you could build Multifamily Units, along with a couple of ADU's per lot! This VALUE ADD property is located in a great rental market. Or flip the existing Spanish style structure and expand the living square feet. Add a pool with an amazing guest house. The possibilities are endless! These neighboring side by side lots are an amazing canvas that can not be missed. Property is to be sold with neighboring side by side VACANT LOT OF LAND! As is and where is. Buyers and buyers agents are to do their own investigation on properties.

2643 Glendale Boulevard, Los Angeles

Listing courtesy of Listing Agent: Cindy Melendrez (cindy@estatexrealty.com) from Listing Office: EstateX inc..

$1,499,000
4 Beds 3 Baths DW26079836 MLS
PRICED TO SELL | VALUE-ADD OPPORTUNITY | PRIME LOCATION Welcome to 2680 Ivan Hill Terrace, Los Angeles — a rare opportunity to acquire a property with significant upside in a highly desirable and rapidly appreciating area. With an estimated market value of approximately $1,850,000, this property is strategically priced at $1,599,000, offering immediate equity potential for the right buyer. The home features a solid layout with great bones, making it an ideal candidate for investors, flippers, or end-users looking to customize and create their dream home. Key improvements needed include installation of an electrical meter and completion of landscaping, allowing the next owner to add value and maximize returns. Situated in a sought-after neighborhood near Silver Lake / Echo Park, the property benefits from strong demand, proximity to trendy shops, dining, parks, and easy access to major freeways. Whether you're looking to renovate and resell, hold as a long-term investment, or design a personalized residence, this is a standout opportunity with built-in upside. Property is being sold as-is. Cash, hard money, or renovation financing recommended due to current condition. Don’t miss this chance to secure a high-potential property at a significant discount.

2680 Ivan Hill, Los Angeles

Listing courtesy of Listing Agent: Ixbalanque Garcia (ixgrealtor@gmail.com) from Listing Office: Won Suk Kim Real Estate, Inc..

$1,150,000
PW26074474 MLS
Four-unit multifamily opportunity in the sought-after Elysian Valley (Frogtown) submarket of Los Angeles. The property features four 2-bedroom, 1-bathroom units with functional layouts that continue to attract stable tenancy. The building has seen various improvements over time, supporting overall livability and ongoing performance. Elysian Valley continues to gain attention for its unique blend of residential charm and creative energy, anchored by the LA River path and an expanding mix of dining, retail, and local businesses. Its central location provides convenient access to Downtown Los Angeles, Silver Lake, Echo Park, and major transportation corridors. This is an ideal investment for buyers seeking exposure to a neighborhood with strong tenant demand, lifestyle appeal, and continued growth.

2710 Queen, Los Angeles

Listing courtesy of Listing Agent: Susie Achury (susie.achury@exprealty.com) from Listing Office: eXp Realty of Southern Ca, Inc.

$699,999
26671955 MLS
Amazing VIEWS from this near Ready-To-Issue (RTI) Silver Lake hillside lot. Thoughtfully designed plans are already in place and nearing RTI status, saving significant time and fast-tracking construction. Set within a charming neighborhood just moments from Whole Foods, the reservoir and the old redline trail. Plans for a 4 bedroom, 4 bath home, plus a 2 bedroom, 1 bath ADU (collectively 4,045 sq feet), including a 2 car garage, elevator, pool/spa, outdoor patio, and recreation room designed for indoor/outdoor living. For those of you who know construction, per soils report, bedrock is 1 to 2 feet below grade unlike some near impossible-to-build hillside lots, meaning that there are no caissons required, which means less cost on foundation. Stacked floors means less construction per square foot. Building geometry is straightforward with expansive openings, yet zero moment frames. Concrete structure means quiet and safe. Services (laundry, storage and mechanical systems) in the hill leaves room for living space - each with its own amazing view. Main floor opens directly to the back yard or to an outdoor patio with a street-facing view of Elysian Park. Beautiful trees put you in a Zen-like state with views of Mt. Baldy and forest lawn, yet easy access to the freeway and downtown. A mechanical electrical plumbing engineer has already designed a highly efficient ventilation system with zoning for each floor. Electrical system for solar and electric car charging. Half underground (for video game room or laundry, storage, garage and mechanical) means low heating and cooling. R2 zoning (already cleared for ADU for guests or rental income). Build your dream home here!

2367 Lake View Ave, Los Angeles

Courtesy of Henry William Mak, Henry Mak - CA DRE#02042422

$699,999
26671955 MLS
Amazing VIEWS from this near Ready-To-Issue (RTI) Silver Lake hillside lot. Thoughtfully designed plans are already in place and nearing RTI status, saving significant time and fast-tracking construction. Set within a charming neighborhood just moments from Whole Foods, the reservoir and the old redline trail. Plans for a 4 bedroom, 4 bath home, plus a 2 bedroom, 1 bath ADU (collectively 4,045 sq feet), including a 2 car garage, elevator, pool/spa, outdoor patio, and recreation room designed for indoor/outdoor living. For those of you who know construction, per soils report, bedrock is 1 to 2 feet below grade unlike some near impossible-to-build hillside lots, meaning that there are no caissons required, which means less cost on foundation. Stacked floors means less construction per square foot. Building geometry is straightforward with expansive openings, yet zero moment frames. Concrete structure means quiet and safe. Services (laundry, storage and mechanical systems) in the hill leaves room for living space - each with its own amazing view. Main floor opens directly to the back yard or to an outdoor patio with a street-facing view of Elysian Park. Beautiful trees put you in a Zen-like state with views of Mt. Baldy and forest lawn, yet easy access to the freeway and downtown. A mechanical electrical plumbing engineer has already designed a highly efficient ventilation system with zoning for each floor. Electrical system for solar and electric car charging. Half underground (for video game room or laundry, storage, garage and mechanical) means low heating and cooling. R2 zoning (already cleared for ADU for guests or rental income). Build your dream home here!

2367 Lake View Avenue, Los Angeles

Listing courtesy of Listing Agent: Henry Mak (henrywillmak@gmail.com) from Listing Office: Henry William Mak.

$1,520,000
2 Beds 3 Baths DW26070229 MLS
Set in the hills of Silver Lake, this 2006-built residence captures direct views of the Hollywood Sign, Griffith Observatory, and the Silver Lake Reservoir. The elevated setting creates privacy, open sightlines, and consistent natural light throughout the day. The main level anchors the home with a seamless connection between kitchen, dining, and living areas, centered around a fireplace and opening to a private patio suited for outdoor dining and gatherings. The kitchen features granite countertops, stainless steel appliances, a gas cooktop with vent hood, a step-in pantry, and a built-in counter for seating or work. Hardwood flooring, recessed lighting, and large windows define bright interiors with clean lines and strong flow. Two bedrooms are positioned on the upper level. The primary suite faces outward toward the views and includes a walk-in closet with built-ins and a bath with a large shower, bench seating, and a separate vanity area. The second bedroom opens directly to the patio and works well as an office or den. A full bath with tub and shower completes this level. The lower level includes a third bedroom, powder bath, and an open-use area suited for a gym, studio, or workspace. A long driveway accommodates four or more vehicles, a rare feature in Silver Lake, along with direct access to a two-car garage with storage. Positioned near the center of the neighborhood, the home sits close to Whole Foods Market, Silver Lake Branch Library, and the reservoir’s walking paths and green space. Griffith Park and the Hollywood Hills are nearby, with Downtown Los Angeles within easy reach. Direct access to the 101, 5, 110, and Glendale Freeway keeps connectivity across the city efficient.

2377 Silver Ridge Avenue, Los Angeles

Listing courtesy of Listing Agent: Misael Vasquez (misael@calreopro.com) from Listing Office: Century 21 Allstars.

$29,999,000
39 Beds 35 Baths 26670123 MLS
Atria is a collection of sixteen modern residences designed by Mark Rios, FAIA, FASLA, nestled in the hills of Silver Lake, offering a refined take on contemporary California living. Clean architectural lines pair with warm, livable interiors to create homes that feel elevated yet inviting. Substantial views of the Silver Lake Reservoir, Downtown LA skyline, and San Gabriel Mountains greet you as you enter the units. Natural light, white oak finishes, and a contemporary aesthetic complete the building. The chef's kitchens feature a full suite of appliances seamlessly integrated into paneled cabinetry, complemented by refined quartz countertops. The primary suites feature a walk-in closet and a spa-inspired bathroom with dual vanities, water closet, and a large wet room. Expansive roof decks provide generous space for relaxing, entertaining, and dining with sweeping panoramic views. The residences includes two dedicated parking spaces and a private storage unit. Ideally located in the heart of Silver Lake, Atria offers easy access to some of Los Angeles' most desirable lifestyle destinations. Just moments from Griffith Park and the Silver Lake Reservoir, residents enjoy a rare balance of outdoor recreation and urban convenience. The highly walkable neighborhood is home to beloved cafes, restaurants, and boutiques, with Sunset Junction, Atwater Village, Glendale, Downtown Los Angeles, and Hollywood all within a short drive.

2919 Waverly Dr, Los Angeles

Courtesy of Christie's International Real Estate SoCal, Aaron Kirman - CA DRE#01296524

$2,599,999
2 Beds 1 Baths 26671623 MLS
Positioned as one of the rarest available development sites in Los Angeles, this riverfront opportunity, located on the East Side's ever-popular Frogtown neighborhood, is ready for its next chapter. Currently, an uninhabitable single-family home and a paved parking lot stand, but visionaries will see an array of future possibilities. Comprised of two parcels totaling over 9,000 Sqft, the expansive lot offers nearly 115 feet of riverfront & bike path frontage - one of the largest in the neighborhood. With one parcel zoned "Residential" and the other zoned "Commercial Manufacturing", this opportunity allows a new owner/developer to take advantage of this truly scarce multiple-use zoning within the city. Most exclusively, the zoning allows for multiple permitted "Live/Work" structures, one of the rarest permitted structures in all of Los Angeles. Other "By Right" zoning approvals include amusement enterprises, art or antique shops, auditorium/concert venues, bakery goods shops, studios, restaurants and more (Buyer to verify with city). The Los Angeles River Revitalization Master Plan (LARRMP) calls for future revitalization connecting more people to future trails and parks along the river, further improving walkability and sense of community. This opportunity also sits in between neighboring Frogtown staples Spoke & Lingua Franca, and close proximity to Lewis MacAdams River Front Park (formerly Marsh Park), and Frogtown Brewery. An opportunity of a lifetime to create your riverfront vision.

3051 N Coolidge Ave, Los Angeles

Courtesy of Compass, James Harm - CA DRE#01909659

$29,999,000
39 Beds 35 Baths 26670123 MLS
Atria is a collection of sixteen modern residences designed by Mark Rios, FAIA, FASLA, nestled in the hills of Silver Lake, offering a refined take on contemporary California living. Clean architectural lines pair with warm, livable interiors to create homes that feel elevated yet inviting. Substantial views of the Silver Lake Reservoir, Downtown LA skyline, and San Gabriel Mountains greet you as you enter the units. Natural light, white oak finishes, and a contemporary aesthetic complete the building. The chef's kitchens feature a full suite of appliances seamlessly integrated into paneled cabinetry, complemented by refined quartz countertops. The primary suites feature a walk-in closet and a spa-inspired bathroom with dual vanities, water closet, and a large wet room. Expansive roof decks provide generous space for relaxing, entertaining, and dining with sweeping panoramic views. The residences includes two dedicated parking spaces and a private storage unit. Ideally located in the heart of Silver Lake, Atria offers easy access to some of Los Angeles' most desirable lifestyle destinations. Just moments from Griffith Park and the Silver Lake Reservoir, residents enjoy a rare balance of outdoor recreation and urban convenience. The highly walkable neighborhood is home to beloved cafes, restaurants, and boutiques, with Sunset Junction, Atwater Village, Glendale, Downtown Los Angeles, and Hollywood all within a short drive.

2919 Waverly Drive, Los Angeles

Listing courtesy of Listing Agent: Aaron Kirman (aaron@aaronkirman.com) from Listing Office: Christie's International Real Estate SoCal.

$2,599,999
2 Beds 1 Baths 26671623 MLS
Positioned as one of the rarest available development sites in Los Angeles, this riverfront opportunity, located on the East Side's ever-popular Frogtown neighborhood, is ready for its next chapter. Currently, an uninhabitable single-family home and a paved parking lot stand, but visionaries will see an array of future possibilities. Comprised of two parcels totaling over 9,000 Sqft, the expansive lot offers nearly 115 feet of riverfront & bike path frontage - one of the largest in the neighborhood. With one parcel zoned "Residential" and the other zoned "Commercial Manufacturing", this opportunity allows a new owner/developer to take advantage of this truly scarce multiple-use zoning within the city. Most exclusively, the zoning allows for multiple permitted "Live/Work" structures, one of the rarest permitted structures in all of Los Angeles. Other "By Right" zoning approvals include amusement enterprises, art or antique shops, auditorium/concert venues, bakery goods shops, studios, restaurants and more (Buyer to verify with city). The Los Angeles River Revitalization Master Plan (LARRMP) calls for future revitalization connecting more people to future trails and parks along the river, further improving walkability and sense of community. This opportunity also sits in between neighboring Frogtown staples Spoke & Lingua Franca, and close proximity to Lewis MacAdams River Front Park (formerly Marsh Park), and Frogtown Brewery. An opportunity of a lifetime to create your riverfront vision.

3051 N Coolidge Avenue, Los Angeles

Listing courtesy of Listing Agent: James Harm (jamesharm@compass.com) from Listing Office: Compass.

$300,000
26665793 MLS
Exceptional three-parcel development opportunity in the heart of Silver Lake, just moments from the area's most sought-after dining, retail, and lifestyle destinations in Silver Lake and Echo Park. This offering includes three contiguous hillside parcels totaling approximately 16,593 square feet, zoned LAR2, presenting a rare opportunity for a variety of development possibilities. Preliminary plans are available for the construction of three side-by-side duplexes; alternatively, a buyer may pursue a custom vision, including several fully detached single-family residences or a signature estate. The properties offer access from Moore Street, with utilities available. The lots capture beautiful, unobstructed city views and are ideally positioned near the Silver Lake Reservoir, Silver Lake Dog Park, and an array of premier restaurants and coffee shops. All three parcels are to be sold together as a package deal for the asking price of $300,000. APN #s 5422-012-016, 5422-016-018, & 5422-012-019

2231 Moore St, Los Angeles

Courtesy of Coldwell Banker Realty, Jade Mills - CA DRE#00526877

$300,000
26665793 MLS
Exceptional three-parcel development opportunity in the heart of Silver Lake, just moments from the area's most sought-after dining, retail, and lifestyle destinations in Silver Lake and Echo Park. This offering includes three contiguous hillside parcels totaling approximately 16,593 square feet, zoned LAR2, presenting a rare opportunity for a variety of development possibilities. Preliminary plans are available for the construction of three side-by-side duplexes; alternatively, a buyer may pursue a custom vision, including several fully detached single-family residences or a signature estate. The properties offer access from Moore Street, with utilities available. The lots capture beautiful, unobstructed city views and are ideally positioned near the Silver Lake Reservoir, Silver Lake Dog Park, and an array of premier restaurants and coffee shops. All three parcels are to be sold together as a package deal for the asking price of $300,000. APN #s 5422-012-016, 5422-016-018, & 5422-012-019

2231 Moore Street, Los Angeles

Listing courtesy of Listing Agent: Jade Mills (homes@jademills.com) from Listing Office: Coldwell Banker Realty.

$399,000
RS26050034 MLS
Investor / developer opportunity in the hills of Silver Lake / Echo Park. Two side by side hillside lots totaling approximately 4,075 sq ft (2,038 + 2,037 sq ft) with scenic views. Address: 1904 & 1908 Rosebud Ave. Property includes two container home structures with fire damage but existing foundations in place. Property not up to code, incomplete structure with expired permits. Property will be sold as-is. The seller has already invested significantly toward the ADU buildout, offering a head start for the next investor or developer. Rare chance to acquire adjacent lots in one of LA’s most desirable neighborhoods with development potential. Buyer to verify all information and development possibilities.

1904 Rosebud Ave, Los Angeles

Listing courtesy of Listing Agent: Linh Ly (Linhly.realtor@gmail.com) from Listing Office: Re/Max College Park Realty.

$1,220,000
PF26019597 MLS
This property consists of two separate homes providing flexible living and rental opportunities. Both units are currently vacant, ready for immediate occupancy. The front house offers one bedroom and one full bathroom, vaulted ceiling in the living room, beautiful hardwood floors throughout and outdoor space. The rear home features two bedrooms and one full bathroom, hardwood floors, two-car garage and rear yard. Both units feature in-unit laundry and all appliances. Historic Atwater Village is recognized as one of Los Angeles’s most desirable neighborhoods. The area boasts a high walkability score and offers convenient proximity to neighboring communities, including Los Feliz, Silverlake, and Elysian Valley. Residents and visitors alike appreciate Atwater Village for its diverse array of popular restaurants, vibrant nightlife, unique shopping experiences, and the highly attended Sunday Farmer’s Market.

4064 Perlita, Los Angeles

Listing courtesy of Listing Agent: John Moreno (johnmorenoproperties@gmail.com) from Listing Office: Seven Gables Real Estate.

$98,999
V1-34061 MLS
Amazing opportunity to get into the Silver Lake Community for a low price. Seller will carry the loan, this is a lender owned property taken back n foreclosure. Seller will carry a loan on the property at 7% interest for 2 years monthly payments interest only, 50% down payment. A few outside parties are interested in doing a JV Joint Venture, if your interested, but seller lender is selling the property 100 % without joining in any partnership themselves.This lot is at the end of a 3 lot quiet cul-de-sac Bank Owned REO and lender is willing to give buyers terms or accept all cash. Great for everyone!!! REO Lender owned lot at the end of a private Cul-De-Sac with only 2 other homes. For either sale or either trade or a combination of both!!!! Area of expensive homes

Earl Court, Los Angeles

Listing courtesy of Listing Agent: Albert Goldberg (alyourbroker@yahoo.com) from Listing Office: Albert Goldberg.

$340,000
25600763 MLS
Tucked away on a quiet cul-de-sac in Silver Lake, this 4,000 sq ft parcel offers a rare chance to create your own private retreat in one of LA's most desirable neighborhoods. The lot captures open views of the Silver Lake Reservoir, Hollywood Sign, and surrounding hillsides, blending natural beauty with city convenience. The property connects directly to the street at the bottom of the stairs, offering ease and accessibility rarely found in this pocket of Los Angeles. With its peaceful setting and minimal through traffic, this site provides both privacy and inspiration just moments from the area's best coffee shops, dining, and cultural hotspots. Opportunities like this are few and far between. Whether you're looking to hold as an investment or envisioning the future potential, this lot is a unique offering in the heart of Silver Lake.

2380 Loma Vista Pl, Los Angeles

Courtesy of Compass, Jeffrey Schoeny - CA DRE#02192652

$340,000
25600763 MLS
Tucked away on a quiet cul-de-sac in Silver Lake, this 4,000 sq ft parcel offers a rare chance to create your own private retreat in one of LA's most desirable neighborhoods. The lot captures open views of the Silver Lake Reservoir, Hollywood Sign, and surrounding hillsides, blending natural beauty with city convenience. The property connects directly to the street at the bottom of the stairs, offering ease and accessibility rarely found in this pocket of Los Angeles. With its peaceful setting and minimal through traffic, this site provides both privacy and inspiration just moments from the area's best coffee shops, dining, and cultural hotspots. Opportunities like this are few and far between. Whether you're looking to hold as an investment or envisioning the future potential, this lot is a unique offering in the heart of Silver Lake.

2380 Loma Vista Place, Los Angeles

Listing courtesy of Listing Agent: Jeffrey Schoeny (Jeff@vancansgroup.com) from Listing Office: Compass.

$1,900,000
25545819 MLS
Rare Silver Lake Development Opportunity. Triple Lot: Exceptional offering of 22,000SF of vacant land, already subdivided into 3 individual SFR parcels with individual APNs (buyer to verify). Zoned R1-1VL, with no existing structures or tenancy - it's ready for immediate development with no relocation or demolition costs. Prime location with frontage on Silver Lake Blvd, just blocks from the Reservoir, Meadow, Whole Foods 365, and top-tier cafes and boutiques. Build up to 3 new single-family homes with potential ADUs (per city regulations). FAR of 0.55 allows for generous buildable square footage (approx. 12,128 SF total). Ideal for developers or investors looking to capitalize on one of LA's most coveted and supply-constrained neighborhoods. Close proximity to DTLA, Hollywood, and major freeways (5, 2, 101). DISCLAIMER: Buyer to verify all development potential with the City.

2389 Silverlake Blvd, Los Angeles

Courtesy of NAI Capital Commercial Inc., Natalie Hagler - CA DRE#02200672

$1,900,000
25545819 MLS
Rare Silver Lake Development Opportunity. Triple Lot: Exceptional offering of 22,000SF of vacant land, already subdivided into 3 individual SFR parcels with individual APNs (buyer to verify). Zoned R1-1VL, with no existing structures or tenancy - it's ready for immediate development with no relocation or demolition costs. Prime location with frontage on Silver Lake Blvd, just blocks from the Reservoir, Meadow, Whole Foods 365, and top-tier cafes and boutiques. Build up to 3 new single-family homes with potential ADUs (per city regulations). FAR of 0.55 allows for generous buildable square footage (approx. 12,128 SF total). Ideal for developers or investors looking to capitalize on one of LA's most coveted and supply-constrained neighborhoods. Close proximity to DTLA, Hollywood, and major freeways (5, 2, 101). DISCLAIMER: Buyer to verify all development potential with the City.

2389 Silverlake Blvd, Los Angeles

Listing courtesy of Listing Agent: Natalie Hagler (nhagler@naicapital.com) from Listing Office: NAI Capital Commercial Inc..

$2,350,000
TR24251459 MLS
Price Adjustment – Live in One, Rent the Others! Now attractively repositioned in price, this rare opportunity in Atwater Village, Los Angeles offers flexibility and strong upside. Two parcels sold together total six one-bedroom, one-bathroom units ideal for an owner-user or investor. Live in one unit while renovating and renting the others to generate income and offset your expenses. Each vintage-style apartment features original Craftsman cabinetry, charming breakfast nooks, one parking space, and carport storage. These units are full of character and ready for repositioning. Located near the iconic Greek Theatre and the trails of Griffith Park, plus the vibrant Atwater Village dining and shopping scene. Listing price reflects one parcel only. APN# 5594-024-010 and APN# 5594-024-011 are sold together, six total units. A rare chance to create your own compound while building long-term wealth in one of LA’s most desirable neighborhoods.

4140 4146 Edenhurst Avenue, Los Angeles

Listing courtesy of Listing Agent: Annabelle Pacheco (pachecoannabelle@gmail.com) from Listing Office: eXp Realty of California Inc.

Information Deemed Reliable But Not Guaranteed. © 2026 CARETS ®

Based on information from CRISNet MLS as of All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.