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3247 La Clede Avenue, Los Angeles, California 90039, Los Angeles, 90039 - 3 bed, 2 bath

3247 La Clede Avenue, Los Angeles, California 90039 home-pic-0
ACTIVE$1,200,000
3247 La Clede Avenue, Los Angeles, California 90039
3Beds
2Baths
1,268Sqft
5,400Lot

Price Vs. Estimate

The estimated value ($1,111,350.085) is $88,649.915 (7%) lower than the list price ($1,200,000). This property may be overpriced.

Key pros and cons

Top Pros:
Development Potential & Zoning: Zoned LARD3, this property offers prime development opportunities, allowing for multi-unit options, restoration, or expansion, which can significantly enhance its value and income potential.
Top Cons:
Dated Interior Condition: The existing 1926 home is described as 'dated' and awaiting 'personal vision,' indicating a need for extensive renovation and modernization to meet current aesthetic and functional standards.

Compared to the nearby listings

Price:$1.20M vs avg $1.58M ($-385,000)23%
Size:1,268 sqft vs avg 1,643 sqft31%
Price/sqft:$946 vs avg $1.0K39%

More Insights

Built in 1926 (99 years old).
Condition: The property, built in 1926, is explicitly described as 'dated' by the listing agent, despite being 'well maintained' structurally. The images confirm this, showing a kitchen with older white cabinets, a very dated backsplash, and an older white range, though the refrigerator appears newer. The bathroom is a time capsule with a gold-framed shower, hexagonal floor tiles, and an outdated vanity. While the property appears clean and functional, the kitchen and bathroom require substantial rehabilitation to meet modern standards and aesthetics. The listing itself highlights the 'development opportunity' and the need to 'restore, expand, or redevelop,' indicating the house's current condition is not a primary selling point for move-in readiness. This aligns with the 'poor' category, which suggests substantial repairs and rehabilitation are needed, and the property may be very uncomfortable to live in its current state due to extreme datedness.
Year Built
1926
Close
-
List price
$1.2M
Original List price
$1.2M
Price/Sqft
$946
HOA
-
Days on market
-
Sold On
-
MLS number
P1-22493
Home ConditionPoor
Features
Patio
View-

About this home

Prime development opportunity in the Heart of Atwater Village - Zoned LARD3! 3-bed, 1.5-bath Traditional home, nestled on a spacious 5,400 sq ft lot. Built in 1926 and well maintained. House is dated, but the lot and zoning are the true value due to it's potential, and opportunity. Property is ideal for those looking to restore, expand, or redevelop--with the flexibility to explore multi-unit options, perfect for generating income or accommodating multi-generational living. Inside, the home features a classic layout that await your personal vision. Step into the expansive, hardscaped backyard and imagine the possibilities: a detached 2-car garage with an attached covered patio provides an ideal footprint for an ADU, office, studio, or workshop.Located in the highly sought-after Atwater Village, known for its tree-lined streets, eclectic charm, and strong community spirit, this home is surrounded by timeless architecture--from Spanish Revival to Craftsman. Enjoy easy access to the 2, 5, 10, and 110 freeways, and be just minutes from Silver Lake, Eagle Rock, Highland Park, Glendale, Pasadena, Griffith Park, Dodger Stadium, Downtown LA, Universal Studio, and more.Whether you're looking to create your dream home, generate rental income, or invest in a thriving neighborhood, this is a rare opportunity you won't want to miss.

Nearby schools

4/10
Atwater Avenue Elementary School
Public,•K-6•0.1mi
4/10
Fletcher Drive Elementary School
Public,•K-6•0.7mi
6/10
Cerritos Elementary School
Public,•K-6•0.7mi
9/10
Ivanhoe Elementary School
Public,•K-5•1.0mi
8/10
Allesandro Elementary School
Public,•K-6•1.0mi
5/10
Glenfeliz Boulevard Elementary School
Public,•K-6•1.0mi
8/10
Franklin Avenue Elementary School
Public,•K-6•2.0mi
5/10
Columbus Elementary School
Public,•K-5•2.6mi
7/10
Balboa Elementary School
Public,•K-6•4.9mi
6/10
Irving STEAM Magnet
Public,•6-8•0.7mi
6/10
Theodore Roosevelt Middle School
Public,•6-8•1.3mi
6/10
Thomas Starr King Middle School
Public,•6-8•2.1mi
7/10
Eleanor J. Toll Middle School
Public,•6-8•3.6mi
8/10
John Marshall Senior High School
Public,•9-12•1.5mi
6/10
Glendale High School
Public,•9-12•2.4mi
7/10
Herbert Hoover High School
Public,•9-12•3.6mi

Price History

Date
Event
Price
03/25/97
Sold
$130,000
Condition Rating
Poor
The property, built in 1926, is explicitly described as 'dated' by the listing agent, despite being 'well maintained' structurally. The images confirm this, showing a kitchen with older white cabinets, a very dated backsplash, and an older white range, though the refrigerator appears newer. The bathroom is a time capsule with a gold-framed shower, hexagonal floor tiles, and an outdated vanity. While the property appears clean and functional, the kitchen and bathroom require substantial rehabilitation to meet modern standards and aesthetics. The listing itself highlights the 'development opportunity' and the need to 'restore, expand, or redevelop,' indicating the house's current condition is not a primary selling point for move-in readiness. This aligns with the 'poor' category, which suggests substantial repairs and rehabilitation are needed, and the property may be very uncomfortable to live in its current state due to extreme datedness.
Pros & Cons

Pros

Development Potential & Zoning: Zoned LARD3, this property offers prime development opportunities, allowing for multi-unit options, restoration, or expansion, which can significantly enhance its value and income potential.
Prime Location: Located in the highly sought-after Atwater Village, known for its vibrant community, eclectic charm, and excellent freeway access to major LA hubs like Silver Lake, Glendale, and Downtown LA.
Spacious Lot Size: A generous 5,400 sq ft lot provides ample space for significant expansion, landscaping, or potential new construction, which is a valuable asset in urban Los Angeles.
ADU Conversion Opportunity: The detached 2-car garage with an attached covered patio offers an ideal footprint for an Accessory Dwelling Unit (ADU), providing potential for additional rental income or flexible living space.
Investment Opportunity: The combination of desirable location, flexible zoning, and potential for multi-unit or ADU development makes this a strong investment for generating rental income or long-term appreciation.

Cons

Dated Interior Condition: The existing 1926 home is described as 'dated' and awaiting 'personal vision,' indicating a need for extensive renovation and modernization to meet current aesthetic and functional standards.
Age of Property: Built in 1926, the property, despite being well-maintained, may have aging infrastructure (plumbing, electrical, HVAC) that could require significant and costly updates.
Requires Substantial Capital Investment: Beyond the purchase price, buyers should anticipate considerable additional investment for restoration, expansion, or redevelopment, making it less suitable for those seeking a move-in ready home.

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