241 Thompson, Los Angeles, California 91201, Los Angeles, 91201 - 4 bed, 2 bath
241 Thompson
Los Angeles, California 91201
Property Price
SUMMARY
Analysis of 241 Thompson, Los Angeles, California 91201 is currently available with a list price of $1,100,000. 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.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1925, this property is nearly 100 years old. The listing description and property analysis explicitly state the potential need for significant updates to major systems (plumbing, electrical, HVAC) and interior finishes, including the kitchen and bathrooms, to meet modern standards. Without any indication of recent extensive renovations, it's highly probable that these critical components are severely outdated and require substantial rehabilitation, aligning with the 'poor' condition criteria.
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 = 8323, living area = 1402.
- Desirable Neighborhood
Nestled in the highly sought-after Riverside-Rancho neighborhood of Glendale, offering a blend of convenience and tranquility.
- Generous Lot Size
The property boasts a substantial lot of over 8,000 square feet, providing ample space for outdoor activities, gardening, or potential expansion.
CONSRISKS & DEFICIENCIES
- Age of Property & Potential Updates
Built in 1925, the home's age suggests potential for necessary updates to systems (e.g., plumbing, electrical, HVAC) or interior finishes to meet modern buyer expectations, which are not specified as completed.
- Volatile Price History
The recent price adjustments, including a significant increase from $1.1M to $1.5M followed by a reduction back to $1.1M, may indicate initial overpricing or market resistance, potentially raising buyer questions about valuation.
- Lack of Views
The property explicitly states 'view: None,' which could be a drawback for buyers in the Los Angeles market who often prioritize and pay a premium for desirable scenic views.
About 241 Thompson
Nestled in the heart of the desirable Riverside-Rancho neighborhood of Glendale, this charming single-family home offers a perfect blend of comfort and character. Featuring four spacious bedrooms and two full bathrooms across approximately 1,400 square feet, the residence is thoughtfully designed for everyday living. Set on a generous lot of over 8,000 square feet, the property provides plenty of room for outdoor enjoyment, whether for gardening, entertaining, or relaxing under the California sun. The home’s warm curb appeal, combined with its location near parks, schools, and local amenities, makes it an exceptional opportunity for those seeking both convenience and tranquility. With its timeless style and welcoming atmosphere, 241 Thompson Avenue is ready to be your next chapter in one of Glendale’s most sought-after neighborhoods.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1925
- Lot Size
- 8,323 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Balboa Elementary School
Grades K-6 • 1.6 mi
Franklin Avenue Elementary School
Grades K-6 • 4.0 mi
Eleanor J. Toll Middle School
Grades 6-8 • 1.9 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 73% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,402 | 1,550 | 45% |
| Lot Size | 8,323 | 8,071.5 | 68% |
| Price | $1.10M | $1.38M | 27% |
| Price per sq ft | $785 | $858 | 32% |
| Built year | 1925 | 1938 | 14% |
| HOA | $0 | $0 | 50% |
| Days on market | 137 | 172 | 32% |
Pricing History
Listed for Sale
Jan 31, 2026
$1,100,000
$1,500,000
-27% Price Drop
Initial Listing
Price Change
Nov 23, 2025
$1,500,000
$1,100,000
+36% Price Increase
Initial Listing
Price Change
Oct 20, 2025
$1,100,000
Initial Listing