
Los Angeles, California 90039
This Multi-Unit Residential Property represents a Strong Value Opportunity, listed at $1,850,000, which aligns perfectly with its $1,850,000 Fair Market Value. Featuring an Immaculate Condition Rating, this 5-bedroom, 4-bathroom estate includes a permitted two-story recreation space with significant ADU conversion potential. Located in the vibrant Atwater Village near top-rated Ivanhoe Elementary, the property offers a rare blend of lifestyle and income-generating flexibility. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, high-demand asset in a prime Los Angeles neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3323 Larga Subject 5 bd · 4 ba · 2,896 sqft · $639 | $1,850,000* List Price | 5 | 4 | 2,896 | $639 | - |
A 3022 Tyburn Street Sold 3 bd · 2 ba · 2,279 sqft · $804 · 0.3 mi | $1,832,000 | 3 | 2 | 2,279 | $804 | 0.3 mi |
B 2485 Lindsay Lane Sold 3 bd · 3 ba · 3,138 sqft · $701 · 0.9 mi | $2,200,000 | 3 | 3 | 3,138 | $701 | 0.9 mi |
C 2474 Silver Ridge Avenue Active 4 bd · 3 ba · 3,500 sqft · $685 · 1.0 mi | $2,398,000 List Price | 4 | 3 | 3,500 | $685 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While originally built in 1923, the property is in immaculate move-in condition. The kitchen and bathrooms have been updated with granite countertops and skylights; however, the oak cabinetry and tile styles suggest the renovations are approximately 15-20 years old. The property is well-maintained and functional, including a large, permitted two-story back house recreation space, though some areas like the third-floor attic remain in a more rustic/unfinished state.
Elementary School: Ivanhoe Elementary School (9/10).
The property features two detached houses on a single lot, offering exceptional flexibility for multi-generational living or a high-yield rental income opportunity in a high-demand area.
The back building already holds a Certificate of Occupancy and includes a kitchen/bar setup, providing a streamlined and cost-effective path to securing a legal Accessory Dwelling Unit permit.
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.
With 142 days on the market, the listing may be perceived as stale by buyers, which could impact negotiating leverage or suggest the current price point is above market expectations.
Originally built in 1923, the property may require ongoing maintenance or future upgrades to vintage systems typical of older homes, despite its current move-in condition.
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 |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 4.0 | 2.0 |
| Square foot | 2,896 | 1,675.469 |
| Lot Size | 6,752 | 6,126.393 |
| Price | $1.85M | $1.34M |
| Price per sq ft | $639 | $800 |
| Built year | 1923 | 1941 |
| HOA | $0 | $262 |
| Days on market | 146 | 56 |
May 31, 2026
$1,850,000
Initial Listing