
Los Angeles, California 90039
This Versatile Multi-Structure Duplex represents a Strong Value Opportunity, listed at $1,475,000—positioned well below the $1,493,636 Fair Market Value by 1.25%. This valuation gap offers $18,636 in Instant Equity. With a Fair Condition Rating, the property features a unique dual-building layout ideal for creative space or rental income. Located in prime Atwater Village near top-rated Ivanhoe Elementary, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a flexible, high-potential asset in a sought-after neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3185 Perlita Avenue Subject | $1,475,000* List Price | 5 | 4 | 2,454 | $609 | - |
A 3416 -3418 Garden Avenue Sold | $1,330,000 | 4 | 2 | 2,012 | $661 | 0.5 mi |
B 2572 Silver Ridge Active | $1,849,888 List Price | 0 | 0 | 2,767 | $669 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Originally built in 1926, the property features kitchens and bathrooms that appear to be 20-30 years old with dated cabinetry, tile work, and appliances. While the interior is functional and includes some newer laminate flooring, the presence of popcorn ceilings and older window units indicates the property is dated and requires minor repairs and modernization.
Elementary School: Ivanhoe Elementary School (9/10).
The property features two distinct buildings with separate entrances, kitchens, and bathrooms, providing exceptional flexibility for multigenerational living, guest accommodations, or rental income opportunities.
Situated in one of Northeast Los Angeles’ most sought-after neighborhoods, the home offers excellent walkability to popular cafes, boutiques, and the weekly farmers market on Glendale Boulevard.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
Built in 1926, the property may require significant capital investment to modernize aging systems and finishes to meet contemporary standards.
While the neighborhood is desirable, the immediate local elementary school has a lower rating (4/10), which may be a drawback for families prioritizing top-tier public education.
Discover the possibilities of this uniquely configured Atwater Village property, offering a rare combination of separate structures and flexible living spaces in one of Northeast Los Angeles’ most desirable neighborhoods. The property features two distinct buildings, with a versatile layout that provides multiple private living areas, separate entrances, kitchens, and bathrooms, offering an exceptional opportunity for multigenerational living, extended household arrangements, guest accommodations, creative spaces, or those simply looking for added flexibility. The thoughtful separation between spaces creates a sense of privacy and independence rarely found in this area, while the property's unique configuration allows each buyer to envision a setup that best suits their needs. This is a property that truly deserves an in-person visit to appreciate the layout, scale, and possibilities. Located in the heart of Atwater Village, enjoy easy access to popular cafes, restaurants, boutiques, and the weekly farmers market along Glendale Boulevard, as well as nearby Glassell Park, Los Feliz, Silver Lake, Eagle Rock, Griffith Park, and the Griffith Observatory. With convenient access to Downtown Los Angeles, Hollywood, Burbank, and major freeways, this is an opportunity to own a truly distinctive property in one of Los Angeles’ most sought-after neighborhoods.
No exterior & parking available.
Grades K-6 • 0.1 mi
Grades K-6 • 0.7 mi
Grades K-6 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 4.6 |
| Baths | 4.0 | 3.0 |
| Square foot | 2,454 | 2,187.451 |
| Lot Size | 5,400 | 5,841.385 |
| Price | $1.48M | $841.5K |
| Price per sq ft | $601 | $385 |
| Built year | 1926 | 1928 |
| HOA | $0 | $0 |
| Days on market | 27 | 85 |
Aug 13, 2026
$1,475,000
Initial Listing