2659 Thorpe Avenue, Los Angeles, California 90065, Los Angeles, 90065 - 3 bed, 3 bath
ACTIVE$1,150,000$1,260/sqft
Est. Value: $1,083,536
-5%
AboveEstimate
2659 Thorpe Avenue, Los Angeles, California 90065
3Beds
3Baths
1,260Sqft
4,002Lot
Price Vs. Estimate
The estimated value ($1,083,535.765) is $66,464.235 (5%) lower than the list price ($1,150,000). This property may be overpriced.
Key pros and cons
Top Pros:
Multi-Unit Income Potential: This 'two-on-a-lot' property includes a main house and a recently remodeled 1-bedroom, 1-bath apartment, offering significant rental income potential or flexible living arrangements for extended family or a home office.
Top Cons:
Limited Overall Square Footage: With a total of 1260 sqft for a two-unit property, the individual living spaces may be considered compact by some buyers, potentially limiting appeal for those seeking more expansive homes.
Compared to the nearby listings
Price:$1.15M vs avg $1.24M ($-85,110)41%
Size:1,260 sqft vs avg 1,609 sqft30%
Price/sqft:$913 vs avg $80070%
More Insights
Built in 1924 (102 years old).
Condition: Despite being built in 1924, the property has undergone extensive and recent renovations, making it virtually new. The description highlights 'fresh stucco, new flooring, baseboards, doors, dual-pane windows, updated electrical, and new central HVAC' for the front house, and a 'recently remodeled' apartment. Images confirm modern, new kitchens with grey shaker cabinets, quartz countertops, and stainless steel appliances, along with updated bathrooms featuring subway tile, contemporary vanities, and new fixtures. All major components appear new or virtually new, meeting current quality standards.
Year Built
1924
Close
-
List price
$1.15M
Original List price
$1.15M
Price/Sqft
$913
HOA
-
Days on market
-
Sold On
-
MLS number
26636001
Home ConditionExcellent
Features
Deck
Patio
View-
About this home
Welcome to 2659 Thorpe Avenue, a beautifully updated two-on-a-lot property nestled between Atwater Village and Mount Washington in the heart of Cypress Park. The front house features fresh stucco, new flooring, baseboards, doors, dual-pane windows, updated electrical, and new central HVAC. An open-concept kitchen with granite bar is ideal for everyday living. Two well-sized bedrooms include a primary with ensuite bath.Above the garage, a recently remodeled 1-bedroom, 1-bath apartment offers peek-a-boo Northeast LA views and is perfect for guests, extended family, rental income, or a private home office.The property offers exceptional off-street parking with a long gated driveway and a large concrete courtyard between structures, ideal for parking, entertaining, or play. A finished garage, workshop, and approved plans for an additional ADU add even more value. To be delivered vacant.
M
Mischa Ben Nicolas
Listing Agent
Nearby schools
2/10
Aragon Avenue Elementary School
Public,•K-5•0.2mi
4/10
Loreto Street Elementary School
Public,•K-5•0.7mi
7/10
Dorris Place Elementary School
Public,•K-6•0.7mi
2/10
Hillside Elementary School
Public,•K-5•0.9mi
4/10
Glassell Park Elementary School
Public,•K-6•1.0mi
3/10
Albion Street Elementary School
Public,•K-6•1.6mi
5/10
Florence Nightingale Middle School
Public,•6-8•0.6mi
6/10
Irving STEAM Magnet
Public,•6-8•1.9mi
5/10
Abraham Lincoln Senior High School
Public,•9-12•1.8mi
Price History
Date
Event
Price
12/02/22
Sold
$650,000
Condition Rating
Excellent
Despite being built in 1924, the property has undergone extensive and recent renovations, making it virtually new. The description highlights 'fresh stucco, new flooring, baseboards, doors, dual-pane windows, updated electrical, and new central HVAC' for the front house, and a 'recently remodeled' apartment. Images confirm modern, new kitchens with grey shaker cabinets, quartz countertops, and stainless steel appliances, along with updated bathrooms featuring subway tile, contemporary vanities, and new fixtures. All major components appear new or virtually new, meeting current quality standards.
Pros & Cons
Pros
Multi-Unit Income Potential: This 'two-on-a-lot' property includes a main house and a recently remodeled 1-bedroom, 1-bath apartment, offering significant rental income potential or flexible living arrangements for extended family or a home office.
Extensive Recent Renovations: The front house has undergone substantial updates, including fresh stucco, new flooring, dual-pane windows, updated electrical, and new central HVAC, providing a modern and move-in ready living space.
Future Value-Add Potential: The property comes with approved plans for an additional ADU (Accessory Dwelling Unit) and features a finished garage and workshop, presenting clear opportunities for future expansion and increased property value.
Desirable Location: Nestled between the popular Atwater Village and Mount Washington in the heart of Cypress Park, the location offers convenient access to vibrant amenities and a growing community in Northeast Los Angeles.
Ample Off-Street Parking: An exceptional long gated driveway and a large concrete courtyard between structures provide abundant off-street parking, a valuable asset in Los Angeles, along with versatile space for entertaining or recreation.
Cons
Limited Overall Square Footage: With a total of 1260 sqft for a two-unit property, the individual living spaces may be considered compact by some buyers, potentially limiting appeal for those seeking more expansive homes.
Older Original Construction: Despite extensive updates, the property's original build year of 1924 suggests an older underlying structure, which could imply potential for unforeseen maintenance or challenges typical of historic homes.
Lack of Significant Views: The property explicitly states 'view: None,' which could be a drawback for buyers in the Los Angeles market who often prioritize scenic vistas or city views.