3114 Atwater Avenue, Los Angeles, California 90039, Los Angeles, 90039 - bed, bath
ACTIVE$1,800,000
3114 Atwater Avenue, Los Angeles, California 90039
0Bed
0Bath
2,738Sqft
7,427Lot
Year Built
1903
Close
-
List price
$1.8M
Original List price
$1.8M
Price/Sqft
$657
HOA
-
Days on market
-
Sold On
-
MLS number
RS24214443
Home ConditionPoor
Features
Patio
View-
About this home
We found 3 Cons,6 Pros. Rank: price - $1.80M(92th), sqft - 2738(83th), beds - undefined(50th), baths - undefined(50th).
Four unit property located in the trendy community of Atwater Village. The single family residence in the rear has 2 bedrooms, 1 bathroom, plus an addtional room that could be a third bedroom. The front building consists of three units, all 1 bedroom, 1 bathroom. Long driveway leads to a four car garage (currently used as storage). The property is conveniently located within a short distance from Glendale, downtown Los Angeles, the popular Hollywood Walk of Fame, Griffith Park, and many more places of public interest.
Nearby schools
4/10
Atwater Avenue Elementary School
Public,•K-6•0.3mi
8/10
Allesandro Elementary School
Public,•K-6•0.7mi
4/10
Fletcher Drive Elementary School
Public,•K-6•0.8mi
9/10
Ivanhoe Elementary School
Public,•K-5•0.9mi
6/10
Cerritos Elementary School
Public,•K-6•1.0mi
5/10
Glenfeliz Boulevard Elementary School
Public,•K-6•1.2mi
8/10
Franklin Avenue Elementary School
Public,•K-6•2.0mi
5/10
Columbus Elementary School
Public,•K-5•2.9mi
7/10
Balboa Elementary School
Public,•K-6•5.2mi
6/10
Irving STEAM Magnet
Public,•6-8•0.7mi
6/10
Theodore Roosevelt Middle School
Public,•6-8•1.6mi
6/10
Thomas Starr King Middle School
Public,•6-8•2.0mi
7/10
Eleanor J. Toll Middle School
Public,•6-8•3.9mi
8/10
John Marshall Senior High School
Public,•9-12•1.5mi
6/10
Glendale High School
Public,•9-12•2.6mi
7/10
Herbert Hoover High School
Public,•9-12•3.9mi
Price History
Date
Event
Price
03/25/98
Sold
$152,000
Condition Rating
Poor
Built in 1903, this property is over a century old. The images consistently show very dated kitchens with old cabinets, laminate countertops, basic sinks, and older white appliances. Bathrooms are similarly outdated with basic vanities, older wall tiles, and dated floor tiles. While the property appears maintained for functionality, it has not undergone significant renovations in decades. The property analysis explicitly notes the need for 'significant capital expenditures for system upgrades (plumbing, electrical) and structural maintenance.' This indicates substantial repairs and rehabilitation are required to bring the property up to modern standards and ensure the integrity of its major systems.
Pros & Cons
Pros
Great Schools: Elementary School: Ivanhoe Elementary School (9/10).
Income-Generating Asset: This is a four-unit residential income property (quadruplex), offering significant potential for rental income and investment diversification in a desirable market.
Prime Location: Located in the 'trendy community of Atwater Village' with convenient access to Glendale, Downtown Los Angeles, Hollywood Walk of Fame, and Griffith Park, enhancing tenant appeal and property value.
Versatile Unit Mix: The property features a diverse unit configuration, including a 2-3 bedroom single-family residence and three 1-bedroom, 1-bathroom units, catering to a broad tenant base.
Ample Parking & Storage: A long driveway and a four-car garage (currently used as storage) provide valuable off-street parking and storage solutions, a significant advantage in Los Angeles.
Generous Lot Size: The property sits on a substantial 7,427 sqft lot, offering potential for outdoor amenities, expansion, or future development, subject to zoning regulations.
Cons
Advanced Age of Property: Built in 1903, the property is over a century old, which typically implies a need for significant capital expenditures for system upgrades (plumbing, electrical) and structural maintenance.
Potential for Extensive Renovation: Given its age and the lack of specific renovation details in the description, the property likely requires substantial modernization and upgrades to maximize rental income and attract premium tenants.
Limited Financial Transparency: The property description does not include current rental income figures or details on individual unit conditions, making it challenging for potential investors to conduct a thorough financial analysis without further due diligence.