
Los Angeles, California 90039
This Turnkey Spanish Bungalow is a Strong Value Opportunity, listed at $1,245,000—positioned well below the $1,307,516 Fair Market Value by 4%. This valuation gap offers $62,516 in Instant Equity. Featuring a high-end designer renovation, chef's kitchen, and private dining patio, the home maintains an Excellent Condition Rating. Located in a prime Atwater Village pocket near top-rated Ivanhoe Elementary, this property is an ideal fit for discerning professionals or first-time buyers seeking a sophisticated, move-in ready sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3111 Madera Avenue Subject 2 bd · 1 ba · 984 sqft · $1,329 | $1,245,000* List Price | 2 | 1 | 984 | $1,329 | - |
A 3150 Gracia Street Sold 2 bd · 1 ba · 850 sqft · $1,412 · 0.2 mi | $1,200,000 | 2 | 1 | 850 | $1,412 | 0.2 mi |
B 3060 Silver Lake Boulevard Pending 2 bd · 2 ba · 1,015 sqft · $955 · 0.0 mi | $969,000 List Price | 2 | 2 | 1,015 | $955 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a high-end, comprehensive renovation within the last 5 years. Key updates include a chef's kitchen with custom cabinetry and Fireclay tile, a spa-like bathroom with Roman clay walls, updated wood windows, and modern systems including an EV charger.
Elementary School: Ivanhoe Elementary School (9/10).
The property features sophisticated, artisanal finishes including limewashed walls, Fireclay tile, and Roman clay bathroom surfaces, creating a turnkey 'jewel box' aesthetic.
Situated in one of LA's most desirable pockets, the home offers exceptional walkability to local landmarks like Proof Bakery, Dune, and Bar Sinziki.
At just 984 square feet with a single bathroom, the property may feel restrictive for buyers seeking more space or long-term growth potential.
The 2,137 square foot lot is significantly smaller than average for a single-family residence, limiting yard space and future expansion possibilities.
Welcome to 3111 Madera, a 1940 Spanish bungalow tucked at the end of one of Atwater Village's most charming streets. Lovingly renovated, this two-bedroom jewel box is calm, considered and full of just the right amount of magic. It's something of a unicorn. Step through the Dutch door into an open living and dining room, where lightened hardwood floors and exquisite limewashed walls give every surface a soft, hand-finished glow. French doors open onto a private dining patio beneath a pergola, ringed by fruit trees and made for long dinners with friends or a slow morning coffee. Real Californian Indoor Outdoor living. The kitchen was designed with a keen chef in mind, with custom cabinetry for abundant storage, warm wood counters and handmade Fireclay tile. Perfect. The muted, earthy palette carries through to both bedrooms, each with updated wood windows. The rear bedroom features a custom built-in wardrobe nook and opens to a covered patio that feels like a second living room: a private sanctuary screened by mature hedges and shaded by a mature grapevine. It offers just enough cover on hot afternoons while still catching the best of the morning light. The renovated bathroom pairs Roman clay walls with a walk-in shower for a quiet, spa-like retreat.The attached one-car garage houses the laundry and an EV charger, with endless possibility as a home office, creative studio or even a second bathroom. Wether its breakfast at Proof Bakery, lunch at Dune or a cocktail at Bar Sinziki all of Atwater's many wonders are right on your doorstep, this is a rare find in one of the city's dreamiest pockets.
No exterior & parking available.
Grades K-6 • 0.2 mi
Grades K-5 • 0.7 mi
Grades K-6 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 984 | 1,670.836 |
| Lot Size | 2,137 | 6,152.156 |
| Price | $1.25M | $1.34M |
| Price per sq ft | $1.3K | $807 |
| Built year | 1940 | 1941 |
| HOA | $0 | $238 |
| Days on market | 18 | 56 |
Oct 22, 2026
$1,245,000
Initial Listing
Jul 26, 2023
$1,285,000
Public Record
Aug 18, 2021
$780,000
Public Record