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New to Market: Reservoir Views Go Quickly in Silver Lake

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The listing for this 2-bedroom, 2-bath home notes that it's already looking for back-up offers even though this place just hit the market two weeks ago. And while the listing notes that it's an "architectural" home, and touts the reservoir views, and dangles the Ivanhoe School District, AND mentions the custom fountain, a potential buyer might be inclined to do some remodeling--starting with the master bath. At 2,046 square feet, it's asking $1.198 million.
· 2038 REDCLIFF St [Redfin]