3319 Thorpe Avenue, Los Angeles, California 90065, Los Angeles, 90065 - 3 bed, 1 bath
ACTIVE$699,000$1,220/sqft
Est. Value: $633,608
-9%
AboveEstimate
3319 Thorpe Avenue, Los Angeles, California 90065
3Beds
1Bath
1,220Sqft
6,304Lot
Price Vs. Estimate
The estimated value ($633,608) is $65,392 (9%) lower than the list price ($699,000). This property may be overpriced.
Key pros and cons
Top Pros:
Prime Location & Connectivity: Situated in a highly desirable Los Angeles neighborhood near Dodger Stadium, Downtown LA, Echo Park, and Silver Lake, offering excellent proximity to major freeways and local amenities.
Top Cons:
Fixer-Upper Condition: The property is described as a 'fixer,' indicating it requires substantial renovation and investment to unlock its full potential and meet modern living standards.
Compared to the nearby listings
Price:$699.0K vs avg $1.24M ($-536,110)5%
Size:1,220 sqft vs avg 1,609 sqft29%
Price/sqft:$573 vs avg $79610%
More Insights
Built in 1910 (116 years old).
Condition: Built in 1910, this property is a clear 'fixer-upper' requiring substantial rehabilitation. The kitchen features severely outdated and worn cabinets, old appliances, and heavily stained ceilings. The bathroom is in similarly poor condition with old fixtures, a dirty tub enclosure, and significant ceiling damage. Flooring is a mix of worn hardwood and dated linoleum, and all major systems appear to be original or very old, necessitating comprehensive modernization and repairs for safety and habitability.
Year Built
1910
Close
-
List price
$699K
Original List price
$699K
Price/Sqft
$573
HOA
-
Days on market
-
Sold On
-
MLS number
26637955
Home ConditionPoor
Features
View-
About this home
3 bedroom 1 bath fixer situated on a generous lot in a desirable neighborhood near Dodger Stadium and Downtown LA. Ideal for fix and flip or value add investors looking to unlock upside through renovation or redevelopment.Property offers strong ADU potential buyer to verify and includes a separate garage structure at the rear of the lot, presenting opportunities for conversion or expansion. Excellent location with close proximity to Echo Park Silver Lake major freeways and local amenities.A solid value add opportunity with multiple exit strategies in a high demand area.
F
Frank Ly
Listing Agent
Nearby schools
2/10
Aragon Avenue Elementary School
Public,•K-5•0.1mi
4/10
Loreto Street Elementary School
Public,•K-5•0.6mi
7/10
Dorris Place Elementary School
Public,•K-6•0.8mi
2/10
Hillside Elementary School
Public,•K-5•0.8mi
4/10
Glassell Park Elementary School
Public,•K-6•1.1mi
3/10
Albion Street Elementary School
Public,•K-6•1.6mi
5/10
Florence Nightingale Middle School
Public,•6-8•0.5mi
6/10
Irving STEAM Magnet
Public,•6-8•2.0mi
5/10
Abraham Lincoln Senior High School
Public,•9-12•1.8mi
Condition Rating
Poor
Built in 1910, this property is a clear 'fixer-upper' requiring substantial rehabilitation. The kitchen features severely outdated and worn cabinets, old appliances, and heavily stained ceilings. The bathroom is in similarly poor condition with old fixtures, a dirty tub enclosure, and significant ceiling damage. Flooring is a mix of worn hardwood and dated linoleum, and all major systems appear to be original or very old, necessitating comprehensive modernization and repairs for safety and habitability.
Pros & Cons
Pros
Prime Location & Connectivity: Situated in a highly desirable Los Angeles neighborhood near Dodger Stadium, Downtown LA, Echo Park, and Silver Lake, offering excellent proximity to major freeways and local amenities.
Strong Investment Potential: Explicitly marketed as ideal for 'fix and flip' or 'value add investors' with 'multiple exit strategies' in a high-demand area, indicating significant upside potential.
ADU & Expansion Opportunities: Offers strong ADU potential and includes a separate garage structure at the rear of the lot, presenting clear opportunities for conversion or expansion to maximize value.
Generous Lot Size: The property sits on a generous 6,304 sqft lot, providing ample space for significant renovation, expansion, or the addition of an Accessory Dwelling Unit (ADU).
Access to Quality Schools: Located within proximity to several schools, including highly-rated options like Florence Nightingale Middle School (rating 5) and Dorris Place Elementary School (rating 7).
Cons
Fixer-Upper Condition: The property is described as a 'fixer,' indicating it requires substantial renovation and investment to unlock its full potential and meet modern living standards.
Advanced Age of Property: Built in 1910, the property is very old, suggesting potential for outdated systems (plumbing, electrical), structural issues, and a need for comprehensive modernization.
Limited Bathroom Count: With only 1 bathroom for 3 bedrooms, the property's functionality is limited for modern families and will likely require an additional bathroom to enhance market appeal and value.