3937 Revere, Los Angeles, California 90039, Los Angeles, 90039 - 4 bed, 2 bath
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Los Angeles, California 90039
This Value-Add Duplex Asset is listed at $1,035,000, representing a strategic entry point near its $995,059 Fair Market Value. Located in the high-demand Atwater Village neighborhood, the property features a Front House Renovation opportunity paired with a rented rear unit for immediate cash flow. With a Condition Rating of 5, this 1924 structure offers significant forced appreciation potential through modernization. Proximity to the top-rated Ivanhoe Elementary School (9/10) ensures long-term rental stability and resale value. This acquisition is ideal for Fix-and-Flip Investors or Owner-Occupants.
Property is extensive renovation needed.
This 1924 duplex is explicitly marketed as a 'value-add opportunity' with the front house requiring a full renovation. While the rear unit is functional and rented, the overall property suffers from aging infrastructure typical of a century-old structure, including outdated systems and a need for substantial rehabilitation in the primary unit to meet modern living standards.
Elementary School: Ivanhoe Elementary School (9/10).
Situated in one of Northeast LA’s most desirable neighborhoods, offering high demand and proximity to trendy local shops, dining, and parks.
The front house is ready for renovation, providing a significant opportunity for investors or contractors to build equity through customization.
The front house is explicitly marketed as a renovation project, implying a need for substantial upfront capital and construction management.
At only 1,175 total square feet for two units, the individual living spaces are relatively small, which may limit the tenant profile or rental ceiling.
Built in 1924, the property likely requires updates to century-old systems such as plumbing, electrical, and foundation to meet modern standards.
Exceptional investment opportunity in the heart of Atwater Village! This unique duplex property offers strong income potential with flexibility for future upside. The rear house is in good condition and currently rented on a month-to-month lease, providing immediate rental income with the option to adjust terms or explore owner-occupancy. The front house presents a value-add opportunity and is ready for renovation—perfect for investors, contractors, or buyers looking to customize and build equity. Situated on a desirable lot in one of Northeast LA’s most sought-after neighborhoods, the property is conveniently located near local shops, dining, parks, and easy freeway access. With strong rental demand in the area, this duplex is ideal for investors seeking cash flow with renovation potential or owner-users looking to live in one unit while improving the other. Don’t miss this opportunity to own a versatile income property in vibrant Atwater Village!
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades K-6 • 0.5 mi
Grades K-6 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 2.0 | 56% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,175 | 1,930 | 11% |
| Lot Size | 5,401 | 5,401 | 50% |
| Price | $1.03M | $1.41M | 22% |
| Price per sq ft | $881 | $877 | 56% |
| Built year | 1924 | 1940 | 44% |
| HOA | $0 | $0 | 50% |
| Days on market | 66 | 139 | 33% |
Feb 15, 2026
$1,035,000
Initial Listing