3202 Minneapolis, Los Angeles, California 90039, Los Angeles, 90039 - 0 bed, 0 bath
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Los Angeles, California 90039
This High-Potential Investment Opportunity is a Triplex listed at $1,849,000, positioned well below the $1,927,564 Fair Market Value by 4%, offering $78,564 in Instant Equity. Featuring a Mint Condition Rating with modern renovations, this asset includes Detached Cottage-Style Residences and Individual Utility Metering. Located near Top-Rated Schools like Ivanhoe Elementary, the property provides a stable, low-maintenance income stream. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-demand, turnkey rental asset in Atwater Village.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3202 Minneapolis Subject | $1,749,000* List Price | 0 | 0 | 1,600 | $1,205 | - |
A 3433 Larga Avenue Sold | $2,350,000 | 0 | 0 | 1,930 | $1,218 | 0.4 mi |
B 3433 Larga Sold | $2,350,000 | 4 | 3 | 1,930 | $1,218 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1952, the property has undergone a high-quality recent renovation (likely within the last 5 years). Interior images show a modern kitchen with updated cabinetry and farmhouse sink, new wood-look flooring, and the addition of modern mini-split HVAC systems, indicating the property is in mint condition and move-in ready.
Elementary School: Ivanhoe Elementary School (9/10).
The property features three detached cottage-style residences, offering tenants a rare level of privacy and a 'single-family home' feel that typically commands higher rental premiums and lower turnover.
Situated in one of Northeast Los Angeles' most desirable rental markets, the property boasts high walkability to trendy amenities and excellent proximity to major employment hubs like DTLA and Glendale.
At a list price of $1,849,000 for 1,600 square feet, the property is priced at over $1,150 per square foot, which may result in a lower initial capitalization rate for investors.
The property consists exclusively of 1-bedroom, 1-bathroom units, which restricts the potential tenant pool to individuals or couples and limits the ability to capture the family rental market.
Rare opportunity to acquire a beautifully maintained three-unit multifamily property in the heart of highly sought-after Atwater Village, one of Northeast Los Angeles' most desirable and consistently strong rental markets. Situated on a 5,404 SF lot, this charming 1,600 SF property features three (3) detached cottage-style residences, each offering 1 bedroom and 1 bathroom. Individually metered for gas and electricity, the property provides an efficient, low-maintenance investment structure while offering tenants the privacy and appeal of standalone homes. Atwater Village continues to be one of Los Angeles' premier rental destinations, celebrated for its vibrant neighborhood atmosphere, walkable streets, trendy cafés, acclaimed restaurants, boutique shopping, and convenient access to Griffith Park, the Los Angeles River bike paths, Glendale, Los Feliz, Silver Lake, Downtown Los Angeles, and major employment centers. Whether you're a seasoned investor seeking stable long-term income or looking to add a high-demand asset to your portfolio, this property offers an exceptional combination of location, tenant appeal, and future appreciation potential.
No exterior & parking available.
Grades K-6 • 0.1 mi
Grades K-6 • 0.8 mi
Grades K-6 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 5.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 1,600 | 2,250 |
| Lot Size | 5,404 | 5,864 |
| Price | $1.75M | $826.7K |
| Price per sq ft | $1.1K | $395 |
| Built year | 1952 | 1925 |
| HOA | $0 | $0 |
| Days on market | 22 | 83 |
Jul 14, 2026
$1,749,000
$1,849,000
-5% Price Drop
Initial Listing
Jun 30, 2026
$1,849,000
Initial Listing
Sep 2, 2022
$1,485,000
Public Record
Jan 12, 2018
$940,000
Public Record
Dec 7, 2015
$800,000
Public Record
Aug 29, 2003
$360,000
Public Record