
Los Angeles, California 90039
This Legal Triplex represents a Strong Value Opportunity, listed at $1,679,000—positioned well below the $1,668,992 Fair Market Value by a negligible margin, reflecting a stable, fair-market entry. Featuring an Excellent Condition Rating due to extensive renovations including newer HVAC and electrical, this Turnkey Asset offers immediate rental income with month-to-month flexibility. Located near Top-Rated Schools like Ivanhoe Elementary, it provides a rare balance of lifestyle and yield. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-quality, low-maintenance property in Atwater Village.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3803 Seneca Avenue Subject | $1,679,000* List Price | 0 | 0 | 2,322 | $719 | - |
A 3416 -3418 Garden Avenue Sold | $1,330,000 | 4 | 2 | 2,012 | $661 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1921, the property has been extensively renovated with newer roof, HVAC, electrical, and sewer systems. The interiors feature modern kitchens with stainless steel appliances and stone countertops, qualifying it as a turnkey property with no deferred maintenance.
Elementary School: Ivanhoe Elementary School (9/10).
The property has undergone extensive renovations, including a newer roof, HVAC systems, electrical, and sewer lines, significantly reducing the risk of deferred maintenance for a new owner.
With all tenants currently on month-to-month agreements, the property offers immediate flexibility for an owner-user to occupy the front unit or for an investor to adjust rents to market rates.
The property provides only three on-site parking spaces for three units, which may be insufficient for a triplex where the front unit alone has two bedrooms, potentially leading to street parking challenges.
The requirement for the buyer to cooperate with the seller's 1031 exchange adds a layer of procedural complexity to the transaction, which may deter buyers seeking a straightforward closing.
Exceptional opportunity to own a beautifully remodeled legal triplex in the highly desirable Atwater Village area, adjacent to Glendale. This pride-of-ownership property features a front 2-bedroom, 2-bathroom home and two rear 1-bedroom, 1-bathroom units, totaling approximately 2,322 square feet on a 5,249 square foot lot. Extensively updated throughout, each unit features its own private washer and dryer. Recent capital improvements include newer roof and gutters, updated electrical panels and wiring, newer HVAC systems, updated sewer lines, newer water heaters, remodeled kitchens and bathrooms, updated flooring, and modern finishes. The property offers three on-site parking spaces and is fully occupied, with all tenants currently on month-to-month rental agreements, providing future flexibility subject to applicable laws. Ideally located near Atwater Village, Glendale, Los Feliz, Silver Lake, Griffith Park, shopping, dining, and major freeways, this property offers an outstanding opportunity for investors and future owner-occupants alike.
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades K-6 • 0.5 mi
Grades K-6 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 5.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 2,322 | 2,250 |
| Lot Size | 5,249 | 5,864 |
| Price | $1.68M | $826.7K |
| Price per sq ft | $723 | $395 |
| Built year | 1921 | 1925 |
| HOA | $0 | $0 |
| Days on market | 16 | 83 |
Jul 6, 2026
$1,679,000
Initial Listing
Dec 7, 2010
$420,000
Public Record
May 1, 2007
$900,000
Public Record
May 29, 2003
$469,000
Public Record