
Los Angeles, California 90039
This Versatile Multi-Unit Property is a High-Potential Investment Opportunity, listed at $1,850,000—positioned well below the $1,913,512 Fair Market Value by 3%. This valuation gap offers $63,512 in Instant Equity. Featuring an Immaculate Condition Rating, the property includes a 3-bedroom front house and a 2-story, 1,232 sqft rear recreation space with ADU potential. Located near Top-Rated Schools like Ivanhoe Elementary, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking rental income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3323 Larga Subject | $1,850,000* List Price | 5 | 4 | 2,896 | $661 | - |
A 3241 Madera Avenue Sold | $1,305,000 | 5 | 3 | 2,387 | $547 | 0.1 mi |
B 3274 Garden Avenue Sold | $1,999,999 | 4 | 3 | 2,552 | $784 | 0.1 mi |
C 2485 Lindsay Lane Sold | $2,200,000 | 3 | 3 | 3,138 | $701 | 0.9 mi |
D 2644 Armstrong Avenue Active Under Contract | $1,899,000 List Price | 3 | 3 | 2,387 | $796 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Despite the 1923 build date, the property is in immaculate move-in condition. The kitchen and bathrooms have been renovated (estimated 15-20 years ago) with functional cabinetry, stone counters, and skylights. The addition of a finished two-story back house and well-maintained systems/interiors aligns with the 'Good' criteria for a well-preserved, updated vintage home.
Elementary School: Ivanhoe Elementary School (9/10).
The property features two detached structures with a Certificate of Occupancy already in place for the rear building, offering a turnkey opportunity for rental income or a seamless ADU conversion.
Situated in a highly desirable and walkable neighborhood, the home provides immediate access to Griffith Park, trendy cafes, and major Los Angeles transit corridors, ensuring long-term value and demand.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2896, other record living area = 1664. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 3.
Built in 1923, the property may require more diligent maintenance and potential upgrades to its vintage systems compared to contemporary builds.
While the area is prestigious, the closest assigned elementary school has a lower rating than other nearby options, which may be a consideration for families prioritizing public education.
This charming and comfortable 5 bedrooms and 3.5 bathrooms, total 2,896 sqft detached front and back houses situated in the center of Atwater Village with an immaculate move-in condition. The front house has 3 bedrooms and 2 bathrooms, around 1,664 sqft. The green plants surrounding front porch greets you into the airy and comfy living room and dining room, then the functional and skylight-filled kitchen leads you to a relaxed family room. It features one master bedroom, and other two bedrooms (one is currently used as a den) with a giant walk-in closet. Two sky-lighting bathrooms and a laundry room. A backyard between the front house and the back house, it has a large craft shed and a wooden rack with exuberant nurseries. It offers pleasant outdoor gatherings under either sunshine or starry nights. The back building has a two-car garage and a two-story of 1,232 sqft recreation space, Certificate of Occupancy attached, can easily apply an ADU permit. The first floor has an attractive bar counter/kitchen set-up, a powder room, and a washer & dryer. The second floor has a huge open space with a bathroom; it can be versatilely divided into a living room and a bedroom set up or two bedrooms set up. The third/attic floor is a bonus (not included in the 1,232 sqft), it has two large rooms total around 400 sqft, can be transformed into bedrooms or entertainment rooms. The back house also has an outdoor shower in the back whenever you or kids need it. Atwater Village is a vibrant community with easy access to Griffith Park with over 50 miles of walking trails, Griffith Observatory, Los Angeles Zoo, and plenty of popular restaurants, cafes, shops, and Costco Wholesale. The adjacent City of Glendale offers dazzling shopping options, including the Glendale Galleria and The Americana at Brand, along with various dining and entertainment activities. Convenient freeway access to the 5, 2, 134, 101, and 110, Downtown LA just 15 minutes away. You can enjoy a diverse and fulfilling Southern California urban lifestyle, but still live in a tranquil neighborhood. The surrounding area always has a high demand for house rentals. This gorgeous house is perfect for a big family to occupy two or rent out one to make extra money. It is ready for its new owner. Information is deemed reliable but not guaranteed; buyer and buyer’s agent should verify the square footage, lot size, building permits, and other property info.
No exterior & parking available.
Grades K-6 • 0.2 mi
Grades K-6 • 0.7 mi
Grades K-5 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 90% |
| Baths | 4.0 | 2.0 | 86% |
| Square foot | 2,896 | 1,622 | 91% |
| Lot Size | 6,752 | 5,479.5 | 78% |
| Price | $1.85M | $1.50M | 61% |
| Price per sq ft | $639 | $1.1K | 10% |
| Built year | 1923 | 1930 | 16% |
| HOA | $0 | $0 | 50% |
| Days on market | 7 | 132 | 2% |
May 31, 2026
$1,850,000
Initial Listing