3322 Thelma, Los Angeles, California 90032, Los Angeles, 90032 - 0 bed, 0 bath
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3322 Thelma
Los Angeles, California 90032
ACTIVE
CONDITION: GOOD
0Beds
0Baths
1,682Sq Ft
4,806Lot Size
Property Price
LIST PRICE$899,999
EST. MARKET VALUE
$873,873
SUMMARY
This Residential Income Duplex represents a Strong Value Opportunity, listed at $899,999—positioned well below the $873,873 Fair Market Value by -2%. While the list price is slightly above market, the property’s Good Condition Rating and 2007 permitted remodel ensure immediate rental readiness. Featuring separate back-door entrances, spacious outdoor patios, and ample carport parking, this asset minimizes common Los Angeles management hurdles. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, well-maintained property with long-term appreciation potential.
Estimated Market Value
$873,873
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3322 Thelma Subject | $899,999* List Price | 0 | 0 | 1,682 | $520 | - |
A 4926 Templeton Street Sold | $1,030,000 | 0 | 0 | 1,877 | $549 | 0.2 mi |
B 3931 3933 Drysdale Sold | $650,000 | 4 | 2 | 1,142 | $569 | 0.5 mi |
C 3318 Thelma Avenue Active | $699,000 List Price | 0 | 0 | 1,650 | $424 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
The property was extensively remodeled in 2007 (approximately 17-19 years ago), placing it within the 'Good' criteria range. The interior features updated laminate/hardwood flooring, clean paint, and dual-pane windows. It appears well-maintained, functional, and move-in ready with no immediate signs of major repair needs.
PROSSTRENGTHS & OPPORTUNITIES
- Immediate Occupancy & Rental Potential
Both units are delivered vacant and well-maintained, providing a rare opportunity for an owner-occupier to move in immediately or for an investor to set market-rate rents without tenant relocation hurdles.
- Permitted Modernization
The property underwent an extensive permitted remodel in 2007, ensuring that the structural and system improvements were performed to code, which offers better long-term value than unpermitted flips.
- Enhanced Parking & Accessibility
With a generous carport for multiple vehicles and convenient alley access for separate unit entrances, the property solves the common Los Angeles challenge of limited off-street parking.
CONSRISKS & DEFICIENCIES
- Aging Renovation Cycle
Although well-cared for, the primary remodel is nearly 20 years old, meaning cosmetic finishes and some mechanical systems may soon require updates to compete with newer luxury renovations in the area.
- Limited Expansion Footprint
The 4,806 square foot lot is largely utilized by the existing duplex, patio, and carport, which may restrict the ability to add a significant detached ADU or further expand the building footprint.
About 3322 Thelma
VACANT well-maintained duplex units are ready to be occupied! These duplex units showcases true pride of ownership and offers a rare opportunity to own a thoughtfully updated property. Extensively remodeled in 2007 with permits, the property blends quality improvements with timeless appeal. The upper unit features 2 bedroom and 1 bathroom, while the lower unit offers 2 bederoom 1 bathroom. Both units have direct acess to a spacious outdoor patio, perfect for entertaining, outdoor dining, or relaxing. Two stroage sheds provide additional space for tools, seasonal items, or hobbies. Both units enjoy separate back-door entrances with alley access. The generous carport offers ample off-street parking for multiple vehicles. Throughout the property, you'll find a clean, well-cared-for enviroment that reflects decades of attentive ownership and maintenance. Wheather you're looking to expand your investment portfolio or own a versatile multi-unit property, this duplex presents an exceptional opportunity with lasting value and endless potential.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1946
- Lot Size
- 4,806 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
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 |
|---|---|---|
| Beds | 0.0 | 4.6 |
| Baths | 0.0 | 3.0 |
| Square foot | 1,682 | 2,187.451 |
| Lot Size | 4,806 | 5,841.385 |
| Price | $900.0K | $841.5K |
| Price per sq ft | $535 | $385 |
| Built year | 1946 | 1928 |
| HOA | $0 | $0 |
| Days on market | 9 | 85 |
Pricing History
Listed for Sale
Aug 31, 2026
$899,999
Initial Listing