2617 Thorpe Avenue, Los Angeles, California 90065, Los Angeles, 90065 - 2 bed, 1 bath
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Los Angeles, California 90065
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* Wait, I added a > at the end. Let me fix that.
* "This Value-Add 1923 Bungalow is an entry-level asset listed at $689,999, representing a stable market-aligned entry point at its $672,121 Fair Market Value. With a Condition Rating of 4, the property offers significant ROI potential via the detached bonus structure and 1-car garage on a 4,004 sqft LAR1-1 lot. Located in Cypress Park near Elysian Park, the home is served by Los Angeles Unified schools like Florence Nightingale Middle. This acquisition is ideal for Value-Add Investors or first-time buyers seeking to build equity in Northeast LA."
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* *Final check on the "SEO_VERSION" character count:*
* "1923 Cypress Park 2-bed bungalow for $689,999. Features detached bonus structure and ADU potential on a 4,004 sqft lot near Elysian Park. Ideal for value-add."
* 157 characters.
* *Wait, I should check if I should mention the "original charm" in the SEO
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2617 Thorpe Avenue Subject | $689,999* List Price | 2 | 1 | 768 | $875 | - |
A 2630 Maceo Active | $869,000 List Price | 3 | 2 | 1,036 | $839 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1923 with 'original charm' and no mention of modern updates to the kitchen, bathroom, or major systems (HVAC/Electric). While the exterior appears well-maintained, the property is over 100 years old and the description indicates it is dated and needs the next owner to 'make it their own.'
Situated in the desirable Cypress Park neighborhood, the property offers exceptional proximity to Elysian Park, Dodger Stadium, and the vibrant Figueroa dining scene, ensuring strong lifestyle appeal and long-term value.
The inclusion of a detached bonus structure and a 1-car garage provides rare flexibility for a home office, creative studio, or potential ADU conversion on a generous 4,000 square foot lot.
This 1923 bungalow retains its original architectural charm and serves as an ideal entry-level opportunity for buyers looking to build sweat equity through personalized renovations in a high-demand area.
At just 768 square feet, the living space is quite compact for a two-bedroom residence, which may pose challenges for buyers seeking spacious common areas or larger furniture layouts.
The property is described in its original condition, indicating that significant capital investment may be required to upgrade systems and finishes to meet contemporary standards.
Classic 1923 Cypress Park bungalow on a 4,000 sf LAR1-1 lot. The 2 bedroom, 1 bathroom main home offers 768 square feet of cozy living space, interior laundry, and a welcoming covered front porch. A detached bonus structure and 1-car garage sit at the rear of the lot, offering flexible space for storage, hobbies, or a buyer's creative vision. Original bungalow charm is present throughout, with room for the next owner to make it their own. Prime Northeast LA location near Elysian Park, Dodger Stadium, the LA River trails, and the vibrant dining and coffee scene along Figueroa. Easy access to the I-5 and 110 connects you to Downtown, Pasadena, and Glendale in minutes. A strong opportunity for buyers seeking entry into a neighborhood defined by character, community, and long-term appreciation.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-6 • 0.6 mi
Grades K-5 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 26% |
| Baths | 1.0 | 2.5 | 17% |
| Square foot | 768 | 1,660.5 | 5% |
| Lot Size | 4,004 | 5,769.5 | 15% |
| Price | $690.0K | $1.24M | 4% |
| Price per sq ft | $898 | $766 | 71% |
| Built year | 1923 | 1951 | 19% |
| HOA | $0 | $0 | 50% |
| Days on market | 4 | 174 | 1% |
Apr 18, 2026
$689,999
Initial Listing