
Los Angeles, California 90039
This Renovated Income-Generating Triplex is listed at $1,199,000, representing a stable entry point at its $1,199,000 Fair Market Value. The property features a detached bungalow and a duplex, maintaining a Condition Rating of 3 with updated kitchens and separate utility metering for all three units. Located within the prestigious 9/10 Ivanhoe Elementary School boundaries, the asset includes a vacant rear suite with a private courtyard and fruit trees. This turnkey multi-unit is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to offset costs in a prime Los Angeles neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4057 Baywood Subject | $1,199,000* List Price | 0 | 0 | 2,275 | $527 | - |
A 4074 Veselich Sold | $1,425,000 | 0 | 0 | 2,375 | $600 | 0.6 mi |
B 4140 Edenhurst Avenue Active | $1,175,000 List Price | 0 | 0 | 1,836 | $640 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Despite the original build years of 1922 and 1960, the property has undergone recent renovations, making it move-in ready. The images showcase new laminate flooring, fresh paint, and updated bathrooms with modern vanities, fixtures, and clean tiling. The kitchens feature granite countertops and modern sinks, though the light wood cabinet style is functional but not ultra-modern. The property is well-maintained, and while the underlying structures are older, the visible components are in good condition with no immediate major renovations required.
Elementary School: Ivanhoe Elementary School (9/10).
The property consists of three renovated units (a detached house and a duplex), explicitly categorized as 'Residential Income,' offering significant rental income potential for investors or owner-occupiers.
Each of the three units has separate electricity, gas, and water meters, simplifying tenant billing, management, and making it highly attractive for landlords.
The detached house was built in 1922 and the duplex in 1960. While renovated, older structures may still present potential for unforeseen maintenance issues with original systems not explicitly mentioned as updated.
The property description does not mention dedicated parking for the three units, which can be a significant drawback and challenge for tenants and owner-occupiers in a dense urban area like Los Angeles.
Two of the three units are configured as 2 bedrooms and 1 bathroom. This 1-bathroom setup might be less competitive or desirable for some renters or families compared to units with more bathrooms.
This well-maintained 3 renovated units in Atwater Village comprises a detached house built in 1922 (2 bedrooms and 1 bathroom) and a duplex built in 1960 (2 bedrooms and 1 bathroom, with the rear unit also featuring 2 bedrooms and 2 bathrooms). The rear unit, originally owner-occupied and now vacant, boasts a spacious master suite with a beautiful ensuite bathroom, and a private courtyard filled with flowers, apple and date trees. In addition, the property has 3 separate electricity meters, 3 separate gas meters and 3 separate water maters, and is conveniently located, close to all amenities and facilities and more.
No exterior & parking available.
Grades K-6 • 0.9 mi
Grades K-6 • 1.1 mi
Grades K-5 • 1.3 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 | 2,275 | 1,930 | 56% |
| Lot Size | 7,005 | 5,981 | 78% |
| Price | $1.20M | $1.41M | 33% |
| Price per sq ft | $527 | $744 | 22% |
| Built year | 1922 | 1940 | 22% |
| HOA | $0 | $0 | 50% |
| Days on market | 97 | 139 | 44% |
Jan 25, 2026
$1,199,000
$1,199,900
+0% Price Increase
Initial Listing
Jan 15, 2026
$1,199,900
Initial Listing
Dec 26, 2008
$455,000
Public Record
Apr 21, 2006
$800,000
Public Record
Aug 1, 2005
$570,000
Public Record