3148 Atwater Avenue, Los Angeles, California 90039, Los Angeles, 90039 - 2 bed, 3 bath
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Los Angeles, California 90039
This meticulously updated 1936 Craftsman bungalow is a Strong Value Opportunity, listed at $1,395,000—positioned well below the $1,482,552 Fair Market Value by 5%. This valuation gap provides $87,552 in Instant Equity. Boasting a Condition Score of 2, the home features a high-end kitchen with Carrera marble and a versatile 266 sq ft bonus studio. Located in the prestigious Ivanhoe Elementary School district (9/10) with serene tree views, it balances historic charm with modern luxury. This is an ideal acquisition for Owner-Occupants or Lifestyle-driven Buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3148 Atwater Avenue Subject | $1,395,000* List Price | 2 | 3 | 1,520 | $975 | - |
A 3634 Brunswick Sold | $1,300,000 | 4 | 2 | 1,484 | $876 | 0.7 mi |
B 3036 Atwater Avenue Sold | $1,311,000 | 3 | 3 | 1,485 | $883 | 0.2 mi |
C 3448 Ferncroft Road Sold | $1,600,000 | 3 | 2 | 1,414 | $1,132 | 0.7 mi |
D 3041 Atwater Sold | $1,230,000 | 3 | 2 | 1,352 | $910 | 0.2 mi |
E 2491 Ivan Hill Terrace Sold | $1,225,000 | 2 | 2 | 1,122 | $1,092 | 0.7 mi |
F 3224 La Clede Avenue Sold | $1,640,000 | 3 | 3 | 1,543 | $1,063 | 0.2 mi |
G 3363 Hollydale Drive Active | $1,799,000 List Price | 3 | 4 | 1,646 | $1,093 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This 1936 Craftsman has undergone a high-end, comprehensive renovation within the last 5 years. The kitchen is in mint condition with premium Carrera marble countertops and a high-end AGA range. Bathrooms are fully updated, and the property features modern systems, fresh landscaping, and a separate updated bonus studio, requiring no immediate maintenance.
Elementary School: Ivanhoe Elementary School (9/10).
The property features a 266 sq ft detached studio with a three-quarter bath, offering a rare and flexible space perfect for a professional home office, creative retreat, or guest accommodations.
Ideally situated on a quiet, tree-lined street, the home offers exceptional walkability to trendy local staples like Proof Bakery and All'Acqua, placing it in one of Los Angeles' most sought-after neighborhoods.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1520, other record living area = 1254.
With only two bedrooms located in the primary residence, the floor plan may be restrictive for growing families or buyers specifically seeking a three-bedroom main house at this price point.
While the property is near high-rated options like Ivanhoe Elementary, the immediate neighborhood school carries a lower rating, which could be a point of concern for education-centric families.
Tucked away on a quiet, tree-lined street in Atwater Village, this thoughtfully updated 1936 Craftsman bungalow blends timeless character with modern comforts on a spacious, beautifully landscaped lot. A picket fence and lush plantings frame the covered front porch, leading into bright interiors filled with natural light. The living room is both warm and inviting, with French windows, a beamed ceiling, a decorative fireplace, and a striking Moorish-inspired arch that connects seamlessly to the dining area and kitchen. The kitchen is light-filled and well-appointed with Carrera and stone countertops, open shelving, and generous storage & cabinets. Two well-proportioned bedrooms share an updated hall bath with a clawfoot tub, while the primary bedroom opens to a private deck overlooking the backyard. A second full bath and dedicated laundry area complete the main house. Outside, a 266 sq ft bonus space with a three-quarter bath is filled with natural light and offers flexibility for a creative studio, home office, or guest space. The backyard is private and thoughtfully designed, with drought-tolerant landscaping, mature trees, and multiple areas for seating and gathering. A long driveway provides ample off-street parking. Ideally located just moments from Atwater favorites like Spina, Proof Bakery, and All'Acqua, this is a classic Craftsman offering with space, versatility, and a strong connection to one of LA's most loved neighborhoods.
No exterior & parking available.
Grades K-6 • 0.2 mi
Grades K-6 • 0.7 mi
Grades K-6 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 29% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,520 | 1,636 | 44% |
| Lot Size | 6,603 | 5,407 | 73% |
| Price | $1.40M | $1.45M | 42% |
| Price per sq ft | $918 | $1.0K | 38% |
| Built year | 1936 | 1930 | 59% |
| HOA | $0 | $0 | 50% |
| Days on market | 5 | 167 | 1% |
Apr 17, 2026
$1,395,000
Initial Listing
Jul 27, 2021
$1,380,000
Public Record
Jan 14, 2015
$710,000
Public Record
Mar 30, 2007
$685,000
Public Record
Oct 15, 1997
$166,000
Public Record