
Los Angeles, California 90039
This duplex presents a High-Potential Investment Opportunity with a List Price of $1,299,000—positioned above the $1,174,354 Fair Market Value by 10%. While the property requires significant capital expenditure due to its Condition Rating of 5, the 7-bedroom, 3-bathroom configuration on a 7,004-square-foot lot offers substantial value-add potential in the desirable Atwater Village. Proximity to top-rated schools like Ivanhoe Elementary (9/10) and Griffith Park enhances long-term demand. This asset is ideal for Buy-and-Hold Investors or Contractors seeking a major renovation project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4155 Bemis Subject 7 bd · 3 ba · 2,257 sqft · $520 | $1,299,000* List Price | 7 | 3 | 2,257 | $520 | - |
A 4057 Baywood Pending 0 bd · 0 ba · 2,275 sqft · $425 · 0.1 mi | $968,000 List Price | 0 | 0 | 2,275 | $425 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1920 with no evidence of recent renovations. Interior shows significant wear including worn carpeting, dated kitchen appliances, and basic, aging bathrooms. Visible cracking and uneven plaster in the laundry area suggest the need for structural/wall repairs and a full interior rehab.
Elementary School: Ivanhoe Elementary School (9/10).
Situated in the highly desirable Atwater Village, the property offers exceptional access to Griffith Park, the LA River, and trendy local amenities, ensuring strong long-term appreciation and high tenant demand.
As a two-unit duplex featuring a total of seven bedrooms, this property provides significant flexibility for investors seeking high rental yields or owner-users looking to offset their mortgage with rental income.
Originally built in 1920, the property likely requires significant capital expenditure for modernizing structural systems, electrical, or plumbing to meet contemporary standards and efficiency.
With only three bathrooms serving seven bedrooms, the current configuration may be inconvenient for large households and could limit the property's rental premium without further renovation.
Welcome to Atwater Village! Ideally located in one of Northeast Los Angeles’ most desirable and centrally positioned neighborhoods, this two-unit property presents an excellent opportunity for an owner-user or investor seeking rental income in a highly sought after area. Just moments from the Los Angeles River, Griffith Park, neighborhood shops and restaurants, and the charming streets of Atwater Village, the property offers both flexibility and long term potential. Enjoy convenient access to Glendale, including the Americana at Brand and Glendale Galleria, while being close to the Atwater Village Equestrian District, riverfront trails, parks, and recreation. With Los Feliz, Silver Lake, and Glendale all nearby, this location offers the best of city living with a true neighborhood feel.
No exterior & parking available.
Grades K-6 • 0.8 mi
Grades K-6 • 1.0 mi
Grades K-5 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 7.0 | 4.5 |
| Baths | 3.0 | 2.9 |
| Square foot | 2,257 | 2,090.331 |
| Lot Size | 7,004 | 5,852.908 |
| Price | $1.30M | $830.9K |
| Price per sq ft | $576 | $394 |
| Built year | 1920 | 1928 |
| HOA | $0 | $0 |
| Days on market | 6 | 87 |
Nov 3, 2026
$1,299,000
Initial Listing