
Los Angeles, California 90039
This High-Potential Investment Opportunity is a Turnkey Triplex listed at $1,489,000—positioned well below the $1,547,324 Fair Market Value by 3%. This valuation gap offers $58,324 in Instant Equity. Featuring an Excellent Condition Rating, the property includes modern stainless-steel appliances and in-unit laundry. With a vacant front unit and ADU conversion potential in the garage, this asset is perfectly suited for Buy-and-Hold Investors or Owner-Occupants seeking to offset ownership costs in a vibrant, high-demand neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3136 3138 Casitas Avenue Subject | $1,489,000* List Price | 0 | 0 | 1,540 | $1,005 | - |
A 3202 Minneapolis Active | $1,749,000 List Price | 0 | 0 | 1,600 | $1,093 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This property is a fully remodeled turnkey triplex featuring brand-new stainless steel appliances, modern white cabinetry, and quartz countertops. The interiors have been immaculately updated within the last 5 years, including new individual HVAC systems, in-unit laundry, and updated flooring and fixtures throughout, meeting the criteria for mint condition.
Elementary School: Ivanhoe Elementary School (9/10).
The property features fully remodeled interiors with brand-new stainless steel appliances, individual HVAC systems, and in-unit laundry, offering a move-in-ready experience with minimal immediate capital expenditure.
Delivering the front unit vacant allows a buyer to move in immediately and utilize the rental income from the other two units to significantly offset monthly ownership costs in a high-demand neighborhood.
At a list price of $1,489,000 for 1,540 total square feet, the property is priced at nearly $967 per square foot, which represents a significant premium even for the Atwater Village market.
With three units sharing just 1,540 square feet of living space, the individual floor plans are relatively small, which may limit long-term tenant retention or appeal to larger households.
Exceptional turnkey triplex opportunity in the heart of Atwater Village, second to none, one of Northeast Los Angeles' most vibrant and sought-after neighborhoods. Front unit delivered VACANT. Perfect investment opportunity with fully remodeled interiors. Live in one unit while the other two units help offset monthly ownership costs. The triplex spans two structures and delivers one vacant unit. A compelling opportunity for an owner-user or investor to hold onto long-term with strong upside. All three units have been immaculately updated with in-unit laundry areas and brand-new washer/dryer combos. The separate rear bungalow features 2 bedrooms, 1-bathroom and hard wood floors throughout. All three units are fully equipped with brand new built-in stainless-steel appliances including refrigerators. The kitchen boasts beautiful white cabinetry and updated light fixtures and hardware throughout. All units include individual HVAC systems, and ceiling fans in all rooms. The property includes a one car garage ideal for tenant use, storage, or conversion into additional income-producing space with existing electric and water hook in place. All of this and it sits in close proximity. Enjoy being minutes away from Dodger Stadium, Silver Lake nightlife and major freeways. Convenient access to Glendale Blvd dining and retail, the LA River path, Los Feliz, and DTLA. Commuters will appreciate easy access to Hollywood and Burbank. Ideally situated near the shops, cafes, restaurants, and weekly farmers market along Glendale Blvd. Combining location, versatility, and investment potential, this is a great opportunity to own income-producing real estate in a thriving community, Atwater Village.
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades K-6 • 0.6 mi
Grades K-6 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.6 |
| Baths | 0.0 | 3.0 |
| Square foot | 1,540 | 2,187.451 |
| Lot Size | 5,398 | 5,841.385 |
| Price | $1.49M | $841.5K |
| Price per sq ft | $967 | $385 |
| Built year | 1940 | 1928 |
| HOA | $0 | $0 |
| Days on market | 50 | 85 |
Aug 14, 2026
$1,489,000
$1,599,999
-7% Price Drop
Initial Listing
Jul 21, 2026
$1,599,999
Initial Listing
Jan 25, 2024
$1,085,000
Public Record
Jan 24, 2020
$870,000
Public Record
Oct 6, 2005
$572,000
Public Record