2016 Thurman Avenue, Los Angeles, California 90016, Los Angeles, 90016 - 2 bed, 1 bath
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2016 Thurman Avenue
Los Angeles, California 90016
ACTIVE UNDER CONTRACT
CONDITION: POOR
2Beds
1Baths
1,077Sq Ft
5,419Lot Size
Property Price
LIST PRICE$850,000
EST. MARKET VALUE
$861,709
SUMMARY
This 1928 Spanish-style residence represents a High-Potential Investment Opportunity, listed at a List Price of $850,000, which is positioned slightly above the $846,380 Fair Market Value. While requiring a full renovation due to its Fair Condition Rating, the property offers significant upside through its 5,419 sqft lot with ADU potential and a flexible floor plan including a bonus room. This asset is ideal for Fix-and-Flip Investors or Contractors seeking to restore architectural character in a high-demand Mid-City location.
Estimated Market Value
$861,709
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2016 Thurman Avenue Subject 2 bd · 1 ba · 1,077 sqft · $800 | $850,000* List Price | 2 | 1 | 1,077 | $800 | - |
A 2207 S Cochran Sold 2 bd · 1 ba · 1,241 sqft · $701 · 0.5 mi | $870,000 | 2 | 1 | 1,241 | $701 | 0.5 mi |
B 5647 Spokane Sold 2 bd · 1 ba · 1,021 sqft · $895 · 0.8 mi | $914,000 | 2 | 1 | 1,021 | $895 | 0.8 mi |
C 2232 S Ridgeley Drive Sold 3 bd · 2 ba · 1,308 sqft · $670 · 0.4 mi | $877,000 | 3 | 2 | 1,308 | $670 | 0.4 mi |
D 5577 Homeside Avenue Sold 3 bd · 2 ba · 1,070 sqft · $621 · 0.7 mi | $665,000 | 3 | 2 | 1,070 | $621 | 0.7 mi |
E 1929 Carmona Avenue Sold 2 bd · 1 ba · 1,161 sqft · $818 · 0.2 mi | $950,000 | 2 | 1 | 1,161 | $818 | 0.2 mi |
F 2754 S Cloverdale Avenue Sold 3 bd · 2 ba · 820 sqft · $1,012 · 0.8 mi | $830,000 | 3 | 2 | 820 | $1,012 | 0.8 mi |
G 2716 Thurman Avenue Sold 3 bd · 2 ba · 1,377 sqft · $716 · 0.6 mi | $986,000 | 3 | 2 | 1,377 | $716 | 0.6 mi |
H 2134 S Sycamore Avenue Pending 2 bd · 1 ba · 921 sqft · $759 · 0.8 mi | $699,000 List Price | 2 | 1 | 921 | $759 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1928, this property shows significant deferred maintenance and requires a complete rehab. The kitchen is highly dated with prominent water staining on the ceiling indicating potential roof or plumbing defects, and the listing explicitly states the home needs TLC and is being sold as-is.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Mid-City Location
Situated in the vibrant Mid-City area, the property offers excellent proximity to major transit corridors, shopping, and dining, making it highly desirable for commuters and urban dwellers.
- ADU & Expansion Potential
The generous 5,419 square foot lot provides ample space in the backyard for an Accessory Dwelling Unit (ADU), offering significant value-add potential for rental income or multi-generational living.
- Versatile Floor Plan
The 1928 Spanish-style home includes a bonus room that can easily serve as a third bedroom, providing flexibility for growing families or home office needs.
CONSRISKS & DEFICIENCIES
- Significant Renovation Required
The property is being sold in 'as-is' condition and requires substantial TLC, which will necessitate a significant additional capital investment for restoration and modernization.
- Limited Bathroom Count
With only one bathroom serving a potential three-bedroom layout, the current configuration may be less appealing to modern buyers and could require structural changes to add a second bath.
About 2016 Thurman Avenue
Discover the potential of this 1928 Spanish-style single-family residence, ideally situated in the vibrant Mid-City area of Los Angeles. This property offers an opportunity for investors, renovators, or buyers looking to bring their vision to a classic Los Angeles home. The residence needs TLC and is being offered in its present, as-is condition, providing an opportunity to renovate, restore, and enhance its existing character. There is a bonus room that can be utilized as a third bedroom. The spacious backyard affords an opportunity for an ADU. The property’s location offers convenient access to major transit corridors, with shopping, dining, entertainment, and neighborhood amenities nearby. Whether you're looking for your next investment project or an opportunity to restore a piece of Los Angeles architectural character, this property offers a combination of vintage appeal, central location, and potential
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1928
- Lot Size
- 5,419 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,077 | 1,670.836 |
| Lot Size | 5,419 | 6,152.156 |
| Price | $850.0K | $1.34M |
| Price per sq ft | $789 | $807 |
| Built year | 1928 | 1941 |
| HOA | $0 | $238 |
| Days on market | 52 | 56 |
Pricing History
Listed for Sale
Sep 18, 2026
$850,000
Initial Listing
Sold
Jan 5, 1995
$140,000
Public Record
Sold
Jun 16, 1994
$75,000
Public Record