3223 Perlita Avenue, Los Angeles, California 90039, Los Angeles, 90039 - 3 bed, 2 bath
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3223 Perlita Avenue
Los Angeles, California 90039
ACTIVE
CONDITION: EXCELLENT
3Beds
2Baths
1,268Sq Ft
5,401Lot Size
Property Price
LIST PRICE$1,339,000
EST. MARKET VALUE
$1,408,775
4% BelowMARKET VALUE
SUMMARY
This Turnkey Spanish Residence is a Strong Value Opportunity, listed at $1,339,000—positioned well below the $1,408,776 Fair Market Value by 4%. This valuation gap offers $69,776 in Instant Equity for the buyer. Featuring a Condition Rating of 2, the home includes a brand-new roof, central A/C, and a modern kitchen. With a deep lot and massive ADU potential, this property is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors seeking a high-quality asset in a prime, walkable neighborhood.
Estimated Market Value
$1,408,775+$69,775 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3223 Perlita Avenue Subject | $1,339,000* List Price | 3 | 2 | 1,268 | $1,111 | - |
A 3410 Greensward Road Sold | $1,500,000 | 3 | 2 | 1,360 | $1,103 | 0.6 mi |
B 3041 Atwater Sold | $1,230,000 | 3 | 2 | 1,352 | $910 | 0.3 mi |
C 2656 Glendale Boulevard Sold | $1,390,000 | 2 | 2 | 1,233 | $1,127 | 0.7 mi |
D 3239 Hollydale Drive Sold | $1,395,000 | 2 | 2 | 1,220 | $1,143 | 0.4 mi |
E 3448 Ferncroft Road Sold | $1,600,000 | 3 | 2 | 1,414 | $1,132 | 0.6 mi |
F 3148 Atwater Avenue Sold | $1,695,000 | 2 | 3 | 1,520 | $1,115 | 0.2 mi |
G 3412 Glenhurst Avenue Sold | $1,650,000 | 3 | 2 | 1,616 | $1,021 | 0.5 mi |
H 2931 Tyburn Street Sold | $1,370,000 | 3 | 2 | 1,281 | $1,069 | 0.6 mi |
I 3149 Garden Avenue Active | $1,599,000 List Price | 4 | 4 | 1,774 | $901 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
The property has undergone a comprehensive recent renovation (likely <5 years) featuring a brand-new roof, new central A/C, and a modern kitchen with white shaker cabinets and stainless steel appliances. With new flooring, fresh paint, and updated bathrooms, the home is in mint, move-in ready condition despite its 1924 build date.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Ivanhoe Elementary School (9/10).
- Prime Location & Lifestyle
Situated in the heart of Atwater Village on a quiet, tree-lined street, the property offers exceptional walkability to trendy cafes, boutique dining, and the popular LA River trail.
- ADU & Value-Add Potential
The deep 5,400+ sq. ft. lot features a detached garage with significant potential for an Accessory Dwelling Unit (ADU), offering a clear path for rental income or expanded living space.
CONSRISKS & DEFICIENCIES
- Compact Living Area
With 1,268 square feet distributed across three bedrooms, the interior living spaces may feel relatively small for families seeking more expansive common areas.
- Inconsistent School Ratings
While the area is near some high-rated institutions, the immediate neighborhood elementary school has a lower rating, which may be a concern for education-focused buyers.
About 3223 Perlita Avenue
Beautiful Spanish home on a quiet, tree-lined street in Prime Atwater Village! This updated 3-bed, 2-bath residence features a brand-new roof, central A/C, modern updated kitchen, new flooring and fresh paint inside and out. Situated on a deep 5,400+ sq. ft. lot with an private gate, private yard, and a detached garage offering massive ADU POTENTIAL for rental income or flex space. Minutes to trendy cafes, boutique dining, and the LA River trail. Move-in ready with room to grow!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1924
- Lot Size
- 5,401 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Atwater Avenue Elementary School
Grades K-6 • 0.1 mi
4/10
Fletcher Drive Elementary School
Grades K-6 • 0.7 mi
4/10
Cerritos Elementary School
Grades K-6 • 0.8 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,268 | 1,664.159 |
| Lot Size | 5,401 | 6,066.556 |
| Price | $1.34M | $1.35M |
| Price per sq ft | $1.1K | $806 |
| Built year | 1924 | 1939 |
| HOA | $0 | $278 |
| Days on market | 22 | 55 |
Pricing History
Listed for Sale
Aug 18, 2026
$1,339,000
Initial Listing