
Los Angeles, California 90039
This property presents a Strong Value Opportunity with a List Price of $860,000—positioned well below the $926,993 Fair Market Value by 7%. This valuation gap offers $66,993 in Instant Equity for buyers. Featuring a Condition Rating of 5 (stripped to the studs), this Spanish-style bungalow offers significant ADU and development potential on a 5,402 sqft lot. Located near top-rated schools like Ivanhoe Elementary, this is a high-reward acquisition ideal for Fix-and-Flip Investors or Contractors ready to execute a total rehabilitation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3720 Brunswick Avenue Subject | $860,000* List Price | 2 | 1 | 1,036 | $895 | - |
A 3367 La Clede Avenue Sold | $875,000 | 2 | 1 | 816 | $1,072 | 0.5 mi |
B 2661 Locksley Place Sold | $995,000 | 2 | 1 | 995 | $1,000 | 0.9 mi |
C 2840 Herkimer Street Active Under Contract | $995,000 List Price | 3 | 1 | 1,184 | $840 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1926 and currently stripped to the studs, this property is unlivable and requires a total rehab. It lacks a kitchen, bathrooms, and finished walls. While there is evidence of new electrical rough-ins and framing, the home currently lacks all essential systems and finishes.
Elementary School: Ivanhoe Elementary School (9/10).
Situated in one of Northeast LA's most desirable neighborhoods, the property is steps away from the vibrant Glendale Boulevard corridor, offering immediate access to top-tier dining, boutiques, and nightlife.
The generous 5,402-square-foot lot provides a significant opportunity to add an Accessory Dwelling Unit (ADU) in the rear, allowing for increased property value, additional living space, or rental income.
The property is a 'true fixer' that has been completely gutted, requiring a substantial investment of capital, time, and professional contracting to make it habitable.
Being a bank-owned (REO) property sold strictly as-is, the buyer assumes all risks regarding structural integrity and permit compliance, necessitating rigorous due diligence.
ATWATER VILLAGE OPPORTUNITY! Bring your vision to 3720 Brunswick Ave, a Spanish-style bungalow in one of Northeast LA's most sought-after neighborhoods. This REO property has been stripped down to the studs, creating a rare blank canvas for a buyer looking to completely reimagine the home. The property also offers potential for an ADU in the rear, providing an exciting opportunity to maximize the lot and create additional living space or rental income (buyer to verify all plans, permits, zoning and development potential with the appropriate city agencies). Located in the heart of Atwater Village, you're close to the neighborhood's popular Glendale Blvd corridor, known for its local restaurants, coffee shops, boutiques and nightlife. Enjoy favorites like Proof Bakery, Dune, Hail Mary Pizza, Bar Sinizki, Wanderlust Creamery and neighborhood hangouts including Club Tee Gee and Bigfoot Lodge. This is a true fixer and an opportunity for an investor, contractor or owner-user ready to bring this property back to life. Property is sold as-is. Buyer is advised to independently verify all information, square footage, zoning, permits and development potential.
No exterior & parking available.
Grades K-6 • 0.4 mi
Grades K-6 • 0.6 mi
Grades K-6 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,036 | 1,664.159 |
| Lot Size | 5,402 | 6,066.556 |
| Price | $860.0K | $1.35M |
| Price per sq ft | $830 | $806 |
| Built year | 1926 | 1939 |
| HOA | $0 | $278 |
| Days on market | 14 | 55 |
Aug 26, 2026
$860,000
Initial Listing
Oct 31, 2024
$1,225,000
Public Record