2974 Ripple Place 202, Los Angeles, California 90039, Los Angeles, 90039 - 1 bed, 2 bath
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2974 Ripple Place 202
Los Angeles, California 90039
ACTIVE
CONDITION: EXCELLENT
1Beds
2Baths
1,080Sq Ft
8,257Lot Size
Property Price
LIST PRICE$750,000
EST. MARKET VALUE
$807,955
7% BelowMARKET VALUE
SUMMARY
This Modern Riverside Townhouse is a Strong Value Opportunity, listed at $750,000—positioned well below the $807,956 Fair Market Value by 7%. This valuation gap offers $57,956 in Instant Equity. Built in 2016, the property maintains a Mint Condition Rating with high-end finishes and an oversized patio overlooking the LA River. Located near top-rated schools like Allesandro Elementary, this home is an ideal fit for first-time buyers or owner-occupants seeking a turnkey, lifestyle-focused residence in Atwater Village.
Estimated Market Value
$807,955+$57,955 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2974 Ripple Place 202 Subject | $750,000* List Price | 1 | 2 | 1,080 | $748 | - |
A 2753 Waverly Drive 806 Sold | $935,000 | 2 | 3 | 1,243 | $752 | 0.8 mi |
B 2397 Silver Lake Boulevard 22 Sold | $765,000 | 1 | 2 | 1,071 | $714 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Built in 2016, this property is less than 10 years old and remains in mint condition. It features modern kitchen and bathroom finishes, contemporary flooring, and updated HVAC/electrical systems, requiring no maintenance or immediate updates.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Riverside Location
Situated in the desirable Atwater Village, the property offers direct access to the 14-mile LA River biking path and local eateries, providing a unique and active lifestyle.
- Spacious Modern Layout
Built in 2016, this 1,080 sqft townhouse-style unit features a generous two-level floor plan with a dedicated reading nook and 1.5 bathrooms, offering significantly more space than typical one-bedroom condos.
- Exceptional Outdoor Space
The unit boasts an oversized patio with scenic views of the LA River, creating a rare indoor-outdoor living experience perfect for entertaining or relaxation.
CONSRISKS & DEFICIENCIES
- High Monthly HOA Dues
The monthly association fee of $507.16 is relatively high for a one-bedroom unit, which may impact the overall affordability and debt-to-income ratio for some buyers.
- Limited Bedroom Utility
As a one-bedroom property priced at $750,000, it may face competition from larger multi-bedroom units in the area, potentially limiting its appeal to families or those requiring a private home office.
About 2974 Ripple Place 202
One of the most unique and romantic townhouse style one-bedroom units in River House! This two-level spacious 1BR, 1.5BA unit is located in one of the most scenic condo communities in LA that is minutes away from DTLA and the Dodger Stadium. The first level is the living room, guest bathroom, a spotless kitchen with an open view. The dining area extends to an oversized patio that overlooks the LA River and the biking path - imagine making your morning coffee and entertaining friends here! The stacked-up washer & dryer is next to the guest bath. Upstairs is the spacious bedroom en-suite with a large closet and floor-to-ceiling linen cabinet. The landing area outside the bedroom can be elegantly furnished as a reading nook adding extra comfort and tranquility to the home. The River House community is built on the bank of the LA River and is at the heart of the Atwater Village with many local eateries nearby. If you are a bicycle enthusiast, the 14-mile car-free biking path is definitely the added benefit!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2016
- Lot Size
- 8,257 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $507.16 / Month
Neighborhood Insights
Los Angeles Unified Schools
Allesandro Elementary School
Grades K-6 • 0.5 mi
8/10
Glassell Park Elementary School
Grades K-6 • 0.7 mi
4/10
Dorris Place Elementary School
Grades K-6 • 1.3 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,080 | 1,219.385 |
| Lot Size | 8,257 | 27,236.074 |
| Price | $750.0K | $800.2K |
| Price per sq ft | $694 | $650 |
| Built year | 2016 | 1979 |
| HOA | $507.16 | $685 |
| Days on market | 43 | 72 |
Pricing History
Listed for Sale
Jul 28, 2026
$750,000
Initial Listing
Sold
Jun 14, 2017
$566,000
Public Record