262 Thorne, Los Angeles, California 90042, Los Angeles, 90042 - 2 bed, 1 bath
262 Thorne
Los Angeles, California 90042
Property Price
SUMMARY
Analysis of 262 Thorne, Los Angeles, California 90042 reveals a property with a current list price of $1,048,000, which is 6% above the estimated $986,693 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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 both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 262 Thorne Subject | $1,048,000* List Price | 2 | 1 | 1,000 | $987 | - |
A 5807 Meridian Street Sold | $825,000 | 2 | 1 | 820 | $1,006 | 0.9 mi |
B 825 N Avenue 67 Sold | $1,180,000 | 2 | 2 | 1,100 | $1,073 | 0.7 mi |
C 5345 Monterey Road Sold | $950,000 | 2 | 2 | 1,004 | $946 | 1.0 mi |
D 817 Chestnut Avenue Active | $829,000 List Price | 2 | 2 | 846 | $980 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is move-in ready and has undergone a stylish cosmetic renovation that blends modern updates with 1920s character. The kitchen features updated cabinetry and butcher block countertops, and the living areas have refinished hardwood floors and fresh paint. While it retains vintage elements like a classic O'Keefe & Merritt stove and some older jalousie windows in the utility area, the home is well-maintained and functional without requiring immediate repairs.
PROSSTRENGTHS & OPPORTUNITIES
- Turnkey Condition
The property has been fully remodeled with modern finishes and stylish updates, offering a move-in-ready experience that eliminates the need for immediate renovation costs.
- Generous Lot Size
Sitting on a nearly 7,000 sq. ft. lot, the property provides an expansive outdoor area that is rare for the area, offering significant potential for an ADU or future expansion.
- Prime Trendy Location
Located in the highly sought-after Highland Park neighborhood, the home is positioned near popular local dining, shopping, and major freeways, ensuring strong long-term value.
CONSRISKS & DEFICIENCIES
- Limited Bathroom Count
With only one bathroom for a two-bedroom home, the layout may pose a challenge for families or guests and could impact future resale appeal.
- High Price Per Square Foot
Listed at over $1,100 per square foot, the property is priced at a premium, which may be a hurdle for appraisal or budget-conscious buyers.
- Compact Interior Footprint
At approximately 1,000 sq. ft., the interior living space is relatively small, which may limit storage options and feel restrictive for those accustomed to larger floor plans.
About 262 Thorne
“Welcome to 262 Thorne Ave in Los Angeles, a beautifully fully remodeled 2-bedroom, 1-bath home offering approximately 1,000 sq ft of stylish living space in one of the area’s increasingly trendy neighborhoods. The bright and inviting living room features a charming fireplace and flows seamlessly into updated finishes throughout, creating a modern yet warm feel. Situated on a generous lot, the private backyard offers a peaceful sanctuary—ideal for relaxing, entertaining, or future outdoor enhancements. Conveniently located near popular local shopping, dining, schools, and with easy access to major freeways, this move-in-ready home delivers comfort, lifestyle, and prime city living.”
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1920
- Lot Size
- 6,982 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 | 1,000 | 1,350 | 17% |
| Lot Size | 6,982 | 5,401 | 76% |
| Price | $1.05M | $1.20M | 36% |
| Price per sq ft | $1.0K | $883 | 76% |
| Built year | 1920 | 1925 | 28% |
| HOA | $0 | $0 | 50% |
| Days on market | 27 | 176 | 1% |
Pricing History
Listed for Sale
Mar 5, 2026
$1,048,000
$1,135,000
-8% Price Drop
Initial Listing
Price Change
Feb 7, 2026
$1,135,000
Initial Listing