
Los Angeles, California 90065
This property presents a High-Potential Investment Opportunity with a List Price of $950,000—positioned well above the $787,021 Fair Market Value by -20%. Featuring a Condition Rating of 5, this Duplex requires a comprehensive renovation to unlock its full potential. The 4-bedroom, 2-bathroom layout offers significant rental income potential in the high-demand Cypress Park area. With its proximity to major transit and local amenities, this asset is a strategic acquisition for Buy-and-Hold Investors or Contractors seeking a value-add project in Northeast Los Angeles.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2675 Thorpe Avenue Subject 4 bd · 2 ba · 1,492 sqft · $527 | $950,000* List Price | 4 | 2 | 1,492 | $527 | - |
A 2677 Roseview Sold 0 bd · 0 ba · 2,014 sqft · $468 · 0.2 mi | $943,000 | 0 | 0 | 2,014 | $468 | 0.2 mi |
B 634 Romulo Street Active 3 bd · 3 ba · 1,276 sqft · $610 · 0.3 mi | $777,777 List Price | 3 | 3 | 1,276 | $610 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1912 and explicitly marketed as a fixer-upper and investor opportunity. The property is being sold as-is, indicating that the original systems, kitchens, and bathrooms likely require a full rehab and significant structural/safety updates.
Situated in the high-demand Cypress Park neighborhood, the property offers exceptional proximity to Dodger Stadium, Downtown LA, and trendy dining hubs like Highland Park and Eagle Rock.
As a duplex featuring two 2-bedroom, 1-bathroom units, this property provides versatile options for rental income, multi-generational living, or a 'house-hack' investment strategy.
This fixer-upper serves as a blank canvas for investors or developers to renovate and restore, allowing for substantial equity growth in a rapidly appreciating market.
The property is explicitly listed as a fixer-upper and sold in 'as-is' condition, necessitating a significant capital injection for repairs and modernization.
Originally built in 1912, the structure likely requires costly updates to aging systems such as plumbing, electrical, and foundation to meet modern building codes.
PRIME NORTHEAST LOS ANGELES LOCATION – INVESTOR OPPORTUNITY! Welcome to 2675 Thorpe Avenue, a duplex located in the heart of Cypress Park, just minutes from iconic Dodger Stadium! Situated in one of Northeast LA’s sought-after neighborhoods, this property offers an incredible opportunity for investors, developers, or buyers looking to bring their vision to life. This fixer-upper features two units, each offering 2 bedrooms and 1 bathroom, for a total of 4 bedrooms and 2 bathrooms. With endless possibilities to renovate, restore, and add value, this property is ready for its next chapter. LOCATION, LOCATION, LOCATION! Enjoy convenient access to Dodger Stadium, Downtown Los Angeles, Highland Park, Eagle Rock, Glassell Park, and the vibrant dining, coffee shops, and entertainment scenes throughout Northeast LA. With easy access to major freeways, this centrally located property puts some of LA’s most popular destinations within reach. Whether you’re looking to expand your investment portfolio, explore rental income potential, or create a multi-generational living arrangement, this property presents an exciting opportunity in a highly desirable location. Bring your contractor and your imagination! Property is being sold AS-IS. Don’t miss this opportunity to invest in the heart of Northeast Los Angeles!
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.6 mi
Grades K-6 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.5 |
| Baths | 2.0 | 2.9 |
| Square foot | 1,492 | 2,090.331 |
| Lot Size | 4,002 | 5,852.908 |
| Price | $950.0K | $830.9K |
| Price per sq ft | $637 | $394 |
| Built year | 1912 | 1928 |
| HOA | $0 | $0 |
| Days on market | 27 | 87 |
Oct 13, 2026
$950,000
Initial Listing