
Los Angeles, California 90042
This triplex presents a High-Potential Investment Opportunity with a List Price of $760,000—positioned well below the $890,842 Fair Market Value by 14%. This valuation gap offers $130,842 in Instant Equity for buyers. Featuring copper plumbing and updated electrical, the property has a Condition Rating of 5, requiring interior modernization. The three separate bungalows with private patios offer significant rental upside. This is an ideal acquisition for Buy-and-Hold Investors or Contractors seeking a value-add project in a prime Highland Park location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 272 Thorne Street Subject | $760,000* List Price | 0 | 0 | 1,869 | $477 | - |
A 6035 Mesa Active | $979,500 List Price | 1 | 3 | 2,148 | $456 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1920 and explicitly described as a 'fixer,' the property shows significant age-related wear. While the electrical and plumbing are updated, the kitchens and bathrooms are severely outdated (30+ years), featuring peeling ceiling paint, aged tile, and old fixtures that require a full interior rehab.
The property features three separate permitted bungalows on a quiet cul-de-sac, offering tenants superior privacy, individual entries, and private patio spaces compared to traditional apartment blocks.
All units benefit from significant mechanical upgrades, including copper plumbing and updated electrical systems, which are critical value-adds for a 1920s-era property and reduce immediate maintenance risks.
Located in a prime Highland Park pocket near South Pasadena, this triplex is priced as a fixer, providing a significant opportunity for value-add through renovation and market-rate rent optimization.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1869, other record living area = 1764.
The units are explicitly sold as fixers, requiring substantial capital investment for repairs and modernization to bring them up to contemporary living standards.
There is a notable difference between the taped measurement of 1,869 sqft and the tax assessor's record of 1,764 sqft, which may impact appraisal valuations and buyer due diligence.
This Triplex is on a quiet tree lined cul de sac street near the famed Judson Stained Glass Window Studios, just before the bridge going into South Pasadena off Avenue 66. Location is terrific. There are 3 Separate permitted bungalows each with a porch entry and a patio and 3 separate addresses. Good news is that each has copper plumbing and updated electrical. 272 Thorne on the left has a spacious living room, dining room, 1 bedroom with walk in closet plus an attached room used as a den but with a closet which could be a second bedroom. It also has a service porch with washer & dryer hookups. 274 Thorne on the right is a 1 bedroom, 1 bath with a large storage room. 274 shares half of the garage which is drywalled and uses it as office space. The building in the back down the stone path and under the beautiful oak tree is 272.5 Thorne which has it's own garage being used as storage with an entry from the private street from behind. 272.5 Thorne has original wood flooring in the living room and adjacent bedroom. Each building has it's own water heater. The front 2 bungalows have stand able basements with concrete foundations. The taped measurement of 1869 differs from Tax assessor's of 1764 square feet. Buyer to verify all information for themselves. Please see supplements for all floor plans. These are fixers with lots of upside potential and opportunity!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 5.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 1,869 | 2,250 |
| Lot Size | 6,817 | 5,864 |
| Price | $760.0K | $826.7K |
| Price per sq ft | $407 | $395 |
| Built year | 1920 | 1925 |
| HOA | $0 | $0 |
| Days on market | 32 | 83 |
Jun 20, 2026
$760,000
Initial Listing