1409 Thayer Avenue, Los Angeles, California 90024, Los Angeles, 90024 - 4 bed, 2 bath
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Los Angeles, California 90024
This property presents a Strong Value Opportunity with a List Price of $2,300,000—positioned well below the $2,492,518 Fair Market Value by 7%. This valuation gap offers $192,518 in Instant Equity for buyers. Featuring a Condition Rating of 5, the home requires a total rehab, yet its 6,577 sqft lot and prime Westwood location near 9/10 rated Fairburn Avenue Elementary provide significant upside. This is an ideal acquisition for Fix-and-Flip Investors or Owner-Occupants looking to build a custom estate.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1409 Thayer Avenue Subject | $2,300,000* List Price | 4 | 2 | 2,603 | $958 | - |
A 10544 Wellworth Avenue Sold | $2,166,000 | 4 | 3 | 1,985 | $1,091 | 0.1 mi |
B 10443 Wilkins Avenue Active | $2,395,000 List Price | 3 | 3 | 2,087 | $1,148 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1951 and explicitly marketed as a 'fixer,' the property features a kitchen and bathrooms that appear to be 30-50+ years old with dated knotty pine cabinetry and pink tile. The listing emphasizes the opportunity to 'build new,' indicating the systems and finishes require a total rehab to meet modern standards.
Elementary School: Fairburn Avenue Elementary School (9/10). High School: Beverly Hills High School (9/10).
Situated on a picturesque, tree-lined street in a highly desirable neighborhood, the property is surrounded by multi-million-dollar estates and offers close proximity to Century City, Beverly Hills, and UCLA.
With a generous 6,577 sqft lot, this property presents a rare 'blank canvas' opportunity for investors or developers to renovate, expand, or build a brand-new custom luxury residence.
The property is explicitly marketed as a fixer, meaning it requires substantial additional capital investment for renovations or a complete teardown to reach its full market potential.
Built in 1951 and lacking a view, the existing structure does not meet the standards of modern luxury living, making it unsuitable for buyers looking for a move-in ready home.
Opportunity awaits in one of Westwood's most desirable neighborhoods. Situated on a generous lot along a picturesque, tree-lined street, 1409 Thayer Avenue presents an exceptional chance to renovate, reimagine, or build new in a premier West Los Angeles location. This fixer offers endless potential for investors, developers, or owner-users looking to create a custom residence tailored to their vision. Surrounded by multi-million-dollar homes, the property provides an ideal canvas to restore, expand, or construct a spectacular new estate (buyer to verify all development possibilities with the appropriate agencies). Enjoy close proximity to Westwood Village, Century City, Beverly Hills, UCLA, renowned dining, shopping, entertainment, parks, and convenient access to the Westside's most sought-after amenities. A rare opportunity to unlock the full potential of a prime Westwood property in an outstanding location.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 0.7 mi
Grades K-5 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 2,603 | 1,672 |
| Lot Size | 6,577 | 6,067 |
| Price | $2.30M | $1.37M |
| Price per sq ft | $884 | $801 |
| Built year | 1951 | 1939 |
| HOA | $0 | $348 |
| Days on market | 17 | 56 |
Jul 5, 2026
$2,300,000
Initial Listing