
Los Angeles, California 90039
This Two-on-a-Lot Craftsman Compound is a Strong Value Opportunity, listed at $1,688,000—positioned well below the $1,711,251 Fair Market Value by 1.36%. This valuation gap offers $23,251 in Instant Equity. Featuring a Condition Rating of 3, the property includes two separate, vacant residences with Central HVAC and Newer Roofs. Located in the heart of Atwater Village near Ivanhoe Elementary (9/10), this versatile asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking rental income or multi-generational living.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3958 Brunswick Avenue Subject | $1,688,000* List Price | 4 | 4 | 2,341 | $731 | - |
A 3241 Madera Avenue Sold | $1,305,000 | 5 | 3 | 2,387 | $547 | 0.9 mi |
B 4128 Baywood Street Sold | $1,850,000 | 4 | 3 | 2,207 | $838 | 0.8 mi |
C 3634 Brunswick Sold | $1,300,000 | 4 | 2 | 1,484 | $876 | 0.4 mi |
D 3274 Garden Avenue Sold | $1,999,999 | 4 | 3 | 2,552 | $784 | 0.9 mi |
E 4014 Baywood Street Sold | $1,300,000 | 4 | 2 | 1,713 | $759 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
This Craftsman compound is well-maintained and move-in ready. While the original structure dates to 1925, it features a masterfully renovated rear home with modern finishes and a front home with updated systems including central HVAC and newer roofs. The kitchen features contemporary cabinetry and stainless steel appliances, though some bathrooms retain older tile work, placing the overall renovation age within the 5-15 year range.
Elementary School: Ivanhoe Elementary School (9/10).
This rare two-on-a-lot compound features two separate, vacant residences, offering exceptional flexibility for rental income, multi-generational living, or a dedicated work-from-home environment.
Situated in the 'sweet spot' of Atwater Village, the property enjoys elite walkability to trendy dining, boutique shopping, and the renowned local farmer's market.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2341, other record living area = 2101. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 6.
At a list price of $1.688M for approximately 2,341 square feet, the property sits at a high price-per-foot, which may challenge buyers seeking more interior volume for the investment.
As a 1925 Craftsman, the main residence may require specialized ongoing maintenance to preserve its original character and structural integrity compared to modern builds.
A rare two-on-a-lot Craftsman compound in the heart of Atwater Village, this special property offers two separate residences on a generous lot featuring a 2-bedroom + converted attic/3rd bed, 2-bath front home and a 2-bedroom, 2-bath rear home (previously rented for $3,640 per month) - delivered vacant. Each well designed and separated thoughtfully with private yards. Entering off the large porch, the main front residence is rich with character featuring a batchelder fireplace, arched details and large windows that brighten the space with natural light. The primary opens directly to the backyard creating an effortless flow and a true retreat experience. Privately situated toward the rear of the lot, the second residence lives as a full standalone home, offering two bedrooms and two baths that was masterfully renovated with vaulted ceilings, massive skylights and gallery walls. Ideal for extended family, guests, rental income, or a flexible work-from-home configuration, the property offers versatility without sacrificing privacy. Both residences have their own private yards, central HVAC, newer roofs, two 1 car garages (possible ADU), abundant off street parking and are separately metered for gas and electric. Located in the "sweet spot" of Atwater Village between hip Glendale and Los Feliz Boulevard, the residences enjoy exceptional walkability to shops, restaurants and arguably the best farmer's market in the city. A distinctive Craftsman mini compound offering flexibility, character, and prime location in a treasured community of Northeast LA.
No exterior & parking available.
Grades K-6 • 0.2 mi
Grades K-6 • 0.6 mi
Grades K-6 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 75% |
| Baths | 4.0 | 2.0 | 85% |
| Square foot | 2,341 | 1,636 | 81% |
| Lot Size | 6,751 | 5,581 | 73% |
| Price | $1.69M | $1.51M | 56% |
| Price per sq ft | $721 | $1.1K | 15% |
| Built year | 1925 | 1930 | 26% |
| HOA | $0 | $0 | 50% |
| Days on market | 18 | 124 | 3% |
May 28, 2026
$1,688,000
Initial Listing
Jun 28, 2004
$692,000
Public Record
Apr 16, 2004
$608,000
Public Record