
Los Angeles, California 90039
This Turnkey Triplex represents a High-Potential Investment Opportunity, listed at $1,380,000. While priced above the $1,208,462 Fair Market Value, the property offers significant long-term upside through its Turnkey Condition and Value-Add Potential. Featuring brand new stainless-steel appliances, individual HVAC systems, and a private patio, this asset is optimized for immediate rental income. The detached garage provides a prime conversion opportunity for an ADU. Ideally situated near top-rated schools like Ivanhoe Elementary, this is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a house-hack.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3136 Casitas Subject 0 bd · 0 ba · 1,540 sqft · $785 | $1,380,000* List Price | 0 | 0 | 1,540 | $785 | - |
A 3416 -3418 Garden Avenue Sold 4 bd · 2 ba · 2,012 sqft · $661 · 0.6 mi | $1,330,000 | 4 | 2 | 2,012 | $661 | 0.6 mi |
B 3202 Minneapolis Active 0 bd · 0 ba · 1,600 sqft · $1,093 · 0.2 mi | $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 comprehensive recent renovation (likely within the last 1-2 years). All three units feature brand new stainless-steel appliances, updated kitchens with modern cabinetry, and new individual HVAC mini-split systems. The interior shows mint condition flooring, fresh paint, and updated electrical panels visible on the exterior, requiring no immediate maintenance.
Elementary School: Ivanhoe Elementary School (9/10).
The property is immaculately updated with brand new stainless-steel appliances, individual HVAC systems, and in-unit laundry in all three units, minimizing immediate capital expenditure for an investor.
Delivered with one vacant unit, this triplex allows an owner-occupant to live in the heart of Atwater Village while utilizing rental income from the other two units to significantly offset monthly ownership costs.
With only a one-car garage available for a triplex, the property lacks sufficient off-street parking for all tenants, which may be a drawback in a high-density Los Angeles neighborhood.
The total living area of 1,540 square feet across three units indicates relatively small individual floor plans, which may limit the tenant pool to smaller households or individuals.
Immaculately updated Triplex in the heart of Atwater. 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 owneruser or investor to hold on to 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 hookup in place. 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 | 4.5 |
| Baths | 0.0 | 2.9 |
| Square foot | 1,540 | 2,090.331 |
| Lot Size | 5,398 | 5,852.908 |
| Price | $1.38M | $830.9K |
| Price per sq ft | $896 | $394 |
| Built year | 1940 | 1928 |
| HOA | $0 | $0 |
| Days on market | 17 | 87 |
Oct 23, 2026
$1,380,000
Initial Listing
Jan 25, 2024
$1,085,000
Public Record
Jan 24, 2020
$870,000
Public Record
Oct 6, 2005
$572,000
Public Record