202 Thorne Street, Los Angeles, California 90042, Los Angeles, 90042 - 2 bed, 1 bath
202 Thorne Street
Los Angeles, California 90042
Property Price
SUMMARY
Analysis of 202 Thorne Street, Los Angeles, California 90042 reveals a property with a current list price of $795,000, which is 17% above the estimated $656,231 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 202 Thorne Street Subject | $795,000* List Price | 2 | 1 | 864 | $760 | - |
A 748 S Avenue 60 Sold | $939,700 | 2 | 1 | 867 | $1,084 | 0.6 mi |
B 6218 Saylin Lane Lane Sold | $975,000 | 2 | 1 | 1,025 | $951 | 0.7 mi |
C 349 Kirby Street Sold | $800,000 | 3 | 1 | 1,026 | $780 | 0.7 mi |
D 234 Newland Street Pending | $746,000 List Price | 2 | 1 | 1,008 | $740 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1909, this property is explicitly described as a 'restoration project that's not for the faint of heart,' indicating a need for substantial repairs and rehabilitation. The exterior images show significant age and wear, with dated features and signs of deferred maintenance. There are no interior images of the kitchen or bathrooms, which strongly suggests they are in very poor, outdated, or non-functional condition, requiring complete renovation. This aligns with the 'poor' category, where major components require repair and the property may be uncomfortable to live in its current state.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7973, living area = 864.
- Historical Charm & Architectural Details
The property boasts unique period features such as bay windows with diamond lites, softened corners, dash coat stucco, and storybook rafter tails, offering significant historical character.
- Prime Location
Situated in the desirable Highland Park area of Los Angeles, a dynamic urban neighborhood known for its cultural vibrancy.
CONSRISKS & DEFICIENCIES
- Extensive Restoration Required
Explicitly described as a 'restoration project that's not for the faint of heart,' indicating substantial time, effort, and financial investment will be needed to modernize or restore it.
- Small Living Space
At 864 sqft, the home offers a relatively small living area for a 2-bedroom, 1-bathroom property, which may limit its appeal to buyers seeking more space.
- Potential Overpricing
The listing price of $795,000 is notably higher than the estimated property value of $656,231, suggesting it may be overpriced given its current condition and the required restoration.
About 202 Thorne Street
In the midst of one of the most dynamic and modern cities, you can still find places that speak to us of how folks lived when life was less complex and small touches of beauty were appreciated. 202 Thorne St. exemplifies that appreciation for craft and detail from a receding era; a place where the past can meet the present. Bay windows with diamond lites that originally faced the Pacific Electric South Pasadena Line, softened corners, dash coat stucco, storybook rafter tails and roof lines, these small touches silently speak of a slower time. It's located across the street from the famous Judson Studios on a street with significant historical properties.If you're looking for a restoration project that's not for the faint of heart, but that will pay dividends for work that is faithful to the house and the period, this may be your house. Images courtesy of Louisa Van Leer Architecture
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1909
- Lot Size
- 7,973 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 36% |
| Baths | 1.0 | 2.0 | 27% |
| Square foot | 864 | 1,350 | 9% |
| Lot Size | 7,973 | 5,401 | 84% |
| Price | $795.0K | $1.20M | 13% |
| Price per sq ft | $920 | $883 | 57% |
| Built year | 1909 | 1925 | 15% |
| HOA | $0 | $0 | 50% |
| Days on market | 302 | 176 | 95% |
Pricing History
Sold
Oct 31, 1966
$11,000
Public Record