3334 Madera Avenue
Los Angeles, CA 90039
- 5 beds
- 7 baths
- 2,330 sqft
- 5,404 sqft lot
- $815 per sqft
- 1923 build
- – on site
Fantastic investment opportunity nestled in the heart of vibrant Atwater Village. A modern home, meticulously remodeled in 2021, complemented with a newly constructed (2021) detached ADU with separate address– 3332 Madera. This property provides a perfect setup for strong rental income, multi-generational living, or an in-law/ guest suite. The newly reconstructed main residence features 1,563 square feet of modern designer living space, a bright open floor plan, three bedrooms, and four bathrooms. Inside, discover high ceilings, light oakwood flooring, and a chic open kitchen with gray cabinetry and stainless steel appliances. Each bedroom is en-suite, including a lavish primary suite with a generously sized private terrace on the second level. Additionally, a flexible lower-level space and inviting dining patio enhance the living experience. The fully detached accessory dwelling unit features nearly 800 sqft. of newly built living space with two bedrooms and three baths. Upon entering, the first floor features a well-appointed kitchen, living space, and patio. Upstairs, two en-suite bedrooms with a laundry room create an ideal layout. Currently tenant-occupied, this ADU offers various possibilities, whether as an income generator, guest accommodation, or personal sanctuary. Outside, an automatic driveway gate leads to an oversized garage—a rare feature when combined with an ADU. Enjoy the convenience of gated driveway access, ample off-street parking, and an unbeatable location. This gem in Atwater Village is easily within reach to the neighborhood's charming coffee shops, diverse dining options, markets, and recreational facilities. Don't miss out on this exceptional opportunity to invest in Atwater Village's thriving community. Both units are currently occupied with excellent renters and very strong rental income.
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Last updated May 18, 2024
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MLS# SR24083188 —
This home is listed in more than one place. See it here, and here, and here.
Monthly cost estimate
Asking price
$1,899,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$10,168
|
| Taxes | N/A |
| Insurance | $522 |
| Utilities | $176 See report |
| Total | $10,866/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
4/29/24
Apr 29, 2024
|
Listed / Active | CRMLS_CA | $1,899,000 | 156.6% (41.2% / YR) |
|
8/28/23
Aug 28, 2023
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Listed / Active | BRIDGE | ||
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8/9/23
Aug 9, 2023
|
Listed / Active | CRMLS_CA |
37% of nearby similar homes sold for over asking price
Similar homes that sold in bidding wars went $251k above asking price on average, but some went as high as $726k over asking price.