
Los Angeles, California 90039
This Residential Income Duplex presents a High-Potential Investment Opportunity with a List Price of $2,499,000—positioned above the $2,323,922 Fair Market Value. While the property requires modernization due to its Condition Rating of 4, the 2,865 SF of combined living space and a legal two-story back house provide immediate rental income. Located near top-rated schools like Ivanhoe Elementary, this asset offers significant versatility. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to leverage rental income to offset mortgage costs.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3352 Larga Subject | $2,299,000* List Price | 5 | 4 | 2,865 | $746 | - |
A 2572 Silver Ridge Active | $1,849,888 List Price | 0 | 0 | 2,767 | $669 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The main residence underwent reconstruction in 1985 and the back house was built in 1992, making the kitchens, bathrooms, and core systems over 30 years old. While the property is well-maintained and functional with central A/C and wood flooring, the interiors are significantly dated and require modernization to meet current market expectations.
Elementary School: Ivanhoe Elementary School (9/10).
The property features a legal, two-story back house currently generating $3,000 per month in rental income, providing immediate cash flow and financial flexibility for the owner.
Situated in a highly sought-after neighborhood, this property offers excellent long-term value retention and proximity to desirable Los Angeles amenities.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2865, other record living area = 1964. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 3.
The main residence features kitchen and bathroom designs from a 1985 remodel, which may require significant capital investment to modernize and meet current luxury standards.
The back house lacks a separate street address and its utilities are connected to the main residence, complicating independent utility management and tenant billing.
RARE ATWATER VILLAGE OPPORTUNITY — TWO HOMES, INCOME & APPROX. 2,865 SF OF COMBINED LIVING SPACE! Exceptional opportunity in highly sought-after Atwater Village! Situated on an approximately 6,765 SF lot, this unique property features a 1,965 SF 3-bedroom, 2-bath main residence PLUS an approximately 900 SF legal two-story back house with 2 bedrooms and 1.5 baths — offering approximately 2,865 SF of combined living space. The main residence features wood flooring throughout, central A/C, fireplace, 3 spacious bedrooms, 2 full baths, a private rear patio and detached 2-car garage. The home underwent an extensive reconstruction/remodel in approximately 1985, with only one original wall reportedly remaining. The kitchen and bathrooms retain their classic 1985 character, giving the next owner an excellent opportunity to update the property to their own taste and potentially add value. The two-story back house offers tremendous flexibility and income potential, with its own separate entrance from the driveway, private laundry, kitchen and living area downstairs, and bedrooms upstairs. It was built 1992. It is currently rented for $3,000 per month with a lease through, December 2026, providing immediate rental income. The back house does not have a separate street address, and its utilities are connected to the main residence. Perfect for an owner-user, extended family, investor, or buyer looking for additional rental income. Live in the main residence while collecting income from the back house, or take advantage of the flexibility provided by two separate living spaces. Properties offering this combination of Atwater Village location, approximately 2,865 SF of combined living space, income-producing legal back house, detached 2-car garage and approximately 6,765 SF lot are difficult to find. PRICED TO ATTRACT ATTENTION — BRING YOUR BUYERS! Tremendous potential, existing rental income and an opportunity to make this Atwater Village property your own. Buyer and buyer's agent are advised to conduct their own due diligence and independently verify all information, including but not limited to square footage, permits, legal use and status of the back house, bedroom/bathroom count, lot size, rental/lease information, utilities, zoning and any potential uses or restrictions with the City and appropriate governmental agencies. Seller and listing broker/agent make no representations or warranties regarding such matters.
No exterior & parking available.
Grades K-6 • 0.2 mi
Grades K-5 • 0.7 mi
Grades K-6 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 4.6 |
| Baths | 4.0 | 3.0 |
| Square foot | 2,865 | 2,187.451 |
| Lot Size | 6,757 | 5,841.385 |
| Price | $2.30M | $841.5K |
| Price per sq ft | $802 | $385 |
| Built year | 1924 | 1928 |
| HOA | $0 | $0 |
| Days on market | 21 | 85 |
Sep 8, 2026
$2,299,000
$2,499,000
-8% Price Drop
Initial Listing
Aug 19, 2026
$2,499,000
Initial Listing