
Los Angeles, California 90039
This Turnkey Triplex represents a High-Potential Investment Opportunity, listed at $1,599,999—positioned well below the $1,625,023 Fair Market Value by 1.5%. With a $25,024 in Instant Equity, this property features a Mint Condition Rating with fully remodeled interiors and individual HVAC systems. Located near Top-Rated Schools like Ivanhoe Elementary, it offers a rare house-hack potential with a vacant front unit. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a stable, income-producing asset in Atwater Village.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3136 3138 Casitas Avenue Subject | $1,599,999* List Price | 0 | 0 | 1,540 | $1,055 | - |
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.
Although built in 1940, the property has undergone a full interior remodel within the last 5 years. It features brand-new stainless steel appliances, updated white cabinetry, new individual HVAC systems (mini-splits), and modern electrical panels. The condition is mint and move-in ready with no maintenance required.
Elementary School: Ivanhoe Elementary School (9/10).
All three units have been immaculately updated with modern interiors, brand-new stainless-steel appliances, individual HVAC systems, and in-unit laundry, offering a move-in ready experience with no immediate capital improvements required.
The front unit is delivered vacant, providing a rare and highly desirable opportunity for a buyer to occupy one unit while utilizing the rental income from the remaining two units to significantly offset monthly ownership costs.
The property includes only a one-car garage for a triplex, which may be a significant drawback for tenants in a high-density area where street parking is often competitive and restricted.
With a list price of $1.6M for just 1,540 total square feet, the property commands a substantial premium that may challenge investors seeking a high immediate capitalization rate compared to other multi-family assets.
Exceptional 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. Wonderful 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 | 5.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 1,540 | 2,250 |
| Lot Size | 5,398 | 5,864 |
| Price | $1.60M | $826.7K |
| Price per sq ft | $1.0K | $395 |
| Built year | 1940 | 1925 |
| HOA | $0 | $0 |
| Days on market | 4 | 83 |
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