
Los Angeles, California 90039
This Versatile Dual-Dwelling Asset is a Prime Investment Opportunity listed at $2,050,000—positioned well below the $2,105,422 Fair Market Value by 2%. This valuation gap provides $55,422 in Instant Equity for the incoming buyer. Featuring an Excellent Condition Rating, the property includes a 2017-built second home, private patios, and preliminary SB 9 Lot Split Approval for significant upside. Located in the prestigious Ivanhoe Elementary (9/10) and John Marshall High (8/10) districts with mountain views, this turnkey offering is perfect for Owner-Occupants seeking a house-hack or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3760 Dover Street Subject | $2,050,000* List Price | 0 | 0 | 3,100 | $679 | - |
A 4401 La Clede Avenue Active | $1,549,900 List Price | 0 | 0 | 2,150 | $721 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property consists of two highly maintained residences, including a second home built in 2017 and a main home that has undergone extensive recent renovations. The interior features a remodeled kitchen with premium Vetrazzo countertops, white shaker cabinetry, and a modern induction range. Bathrooms are updated with contemporary subway and penny tile work. With high-end finishes, owned solar, and pristine hardwood flooring throughout, the property meets the criteria for excellent condition.
Elementary School: Ivanhoe Elementary School (9/10).
The property has already received preliminary approval for an SB 9 Urban Lot Split, providing a significant head start for investors or owners looking to maximize value by creating two separate legal parcels.
With two separate single-family homes on one lot—including a newer 2017-built unit—the property offers exceptional flexibility for owner-occupancy with immediate rental income or multi-generational living.
The second home is currently tenant-occupied, which may present a challenge for buyers seeking immediate full possession or those concerned with existing lease terms and local rent regulations.
The main residence features a multi-level floor plan connected by a spiral staircase, which may not appeal to buyers looking for a traditional layout or those with accessibility concerns.
Exceptional opportunity in sought-after Atwater Village featuring 2 separate single-family homes on generous corner lot with SB 9 lot split potential already in motion. Enjoy flexibility to utilize as an owner-occupied residence with a separate income-producing unit. The main home—delivered vacant—offers 3 beds + bonus room, 3 baths, & nearly 2,200 sq ft of thoughtfully updated living space! Blending modern upgrades, such as a fully owned solar system, with preserved character, including antique-inspired lighting, abundant natural light, & a charming Juliet balcony off the dining area. Remodeled kitchen with white shaker cabinetry, Vetrazzo counters, passthrough to the open great room, & sleek induction range, energy efficient & cleaner indoor air quality, & a cleverly concealed stackable laundry closet. A spiral staircase connects multiple levels, leading to a cozy loft above & a versatile lower level featuring a spacious primary bedroom with dual closets, French doors to a private courtyard, a versatile bonus room that could be used as a 4th bedroom, additional living space, & a full bath, ideal for guests, extended family, or income potential with direct exterior access. The second home, built in 2017 with its own address & currently tenant-occupied, offers 2 beds, 1 bath, & 900+ sq ft with vaulted beamed ceilings expanding the open-concept living room, dining area, & kitchen with center island, & French door that opens to a spacious brick patio with fountain, plus gated parking. The grounds create a peaceful retreat, featuring beautifully curated drought-tolerant landscaping, lush mature greenery, colorful flowering plants, fruit trees (avocado, fig, orange, & lime), & thoughtfully designed hardscapes with meandering paths that create a tranquil, garden-like setting. The property has already received preliminary approval from the City of Los Angeles for an SB 9 Urban Lot Split, providing a head start toward creating 2 legal parcels while preserving the option to maintain the current configuration. Located within the attendance boundaries of highly rated schools including Franklin Elementary, Washington Irving Middle, & John Marshall High, & just moments from the vibrant shops & dining along Glendale Blvd, Griffith Park, & the Los Angeles River Bike Path, with convenient access to the 5 & 2 freeways, this is a rare offering that combines lifestyle, flexibility, & long-term upside in one of Northeast LA’s most desirable neighborhoods.
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades K-6 • 0.5 mi
Grades K-6 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 2.0 | 44% |
| Baths | 0.0 | 2.0 | 44% |
| Square foot | 3,100 | 1,930 | 89% |
| Lot Size | 6,752 | 5,981 | 56% |
| Price | $2.05M | $1.43M | 56% |
| Price per sq ft | $661 | $744 | 44% |
| Built year | 1937 | 1940 | 44% |
| HOA | $0 | $0 | 50% |
| Days on market | 12 | 139 | 11% |
Apr 10, 2026
$2,050,000
Initial Listing
Jul 25, 2012
$505,000
Public Record