2901 Gracia Street, Los Angeles, California 90039, Los Angeles, 90039 - 3 bed, 2 bath
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Los Angeles, California 90039
This Contemporary Two-Story Home is a Strong Value Opportunity, listed at $1,437,000—positioned well below the $1,615,072 Fair Market Value by 11%. This valuation gap offers $178,072 in Instant Equity. Featuring an Excellent Condition Rating, the home includes owned solar, a Tesla charger, and a detached studio. Located in Atwater Village near Top-Rated Schools like Ivanhoe Elementary, it offers a premium lifestyle with mountain and river views. This is an ideal acquisition for Owner-Occupants seeking long-term appreciation or savvy investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2901 Gracia Street Subject | $1,299,000* List Price | 3 | 2 | 1,852 | $776 | - |
A 3634 Brunswick Sold | $1,300,000 | 4 | 2 | 1,484 | $876 | 0.6 mi |
B 3041 Atwater Sold | $1,230,000 | 3 | 2 | 1,352 | $910 | 0.7 mi |
C 2615 Silver Ridge Avenue Sold | $1,384,500 | 3 | 2 | 1,730 | $800 | 0.6 mi |
D 3241 Madera Avenue Sold | $1,305,000 | 5 | 3 | 2,387 | $547 | 0.3 mi |
E 3170 Glenmanor Place Sold | $1,650,000 | 5 | 3 | 1,820 | $907 | 0.5 mi |
F 2550 Corralitas Drive Sold | $1,430,000 | 4 | 3 | 1,985 | $720 | 0.9 mi |
G 3958 Brunswick Avenue Active | $1,688,000 List Price | 4 | 4 | 2,341 | $721 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While built in 1985, the property has undergone a high-quality recent renovation (likely within the last 5 years) as evidenced by the modern wide-plank flooring, updated kitchen with contemporary cabinetry and backsplash, and custom light fixtures. The inclusion of owned solar and a Tesla charger indicates modernized electrical systems, and the overall interior is in mint, move-in-ready condition.
Elementary School: Ivanhoe Elementary School (9/10).
Situated in a highly desirable pocket of Atwater Village near the LA River, the home offers exceptional walkability to local landmarks like Proof Bakery, McCall's, and the weekly Farmers Market.
The property features eco-friendly owned solar and a Tesla charger, plus it comes with ready-to-use plans for a main-level addition, providing a clear path for future equity growth.
Inaccurate GPS mapping and ongoing street construction in the surrounding area may create logistical frustrations for visitors and impact daily accessibility.
With only two bathrooms serving three bedrooms across two levels, the layout may be less convenient for larger households or those who prioritize primary suite privacy.
Located in Atwater Village right at the Los Angeles River is this well designed contemporary two story home. This lot is entirely privately owned, with no city-owned land within the boundaries. Cross the gated generous driveway and enter into a great room space with soaring ceilings and beautiful custom light fixtures. The open concept living room and dining space is perfect for parties and entertaining. There is even a wood burning fireplace with brick accents. The huge kitchen has loads of counter space and opens into the fully fenced backyard. The patio features a grand pergola and plenty of room for sitting and outdoor dining. At the edge of the backyard is a studio building that could be used for gaming, crafting, writing or creating art. On the main level is one bedroom and full bathroom and upstairs are two additional bedrooms and bathrooms. One of the bedrooms has views of the LA River and mountains beyond. Owned solar and a Tesla charger make this home smart and practical. Plans for an addition on the main level enhance the ability to add value in the future. Close to everything great in Atwater - Proof Bakery, McCall's meats, Wine & Eggs and the weekly Atwater Farmers Market, make this spot a great place to be! Do not use Google Maps as directions are incorrect. There is some construction on the streets around Atwater so make your way to Gracia and go west until you get to 2901.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-6 • 0.5 mi
Grades K-6 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,852 | 1,636 | 56% |
| Lot Size | 6,961 | 5,581 | 78% |
| Price | $1.30M | $1.50M | 29% |
| Price per sq ft | $701 | $1.1K | 12% |
| Built year | 1985 | 1930 | 85% |
| HOA | $0 | $0 | 50% |
| Days on market | 10 | 123 | 3% |
Jun 13, 2026
$1,299,000
$1,437,000
-10% Price Drop
Initial Listing
Jun 4, 2026
$1,437,000
Initial Listing
Jul 1, 2016
$781,500
Public Record
Feb 24, 2015
$620,000
Public Record
May 1, 2006
$710,000
Public Record