3324 Thorpe, Los Angeles, California 90065, Los Angeles, 90065 - 2 bed, 1 bath
Loading property details...
Los Angeles, California 90065
This property presents a High-Potential Investment Opportunity with a List Price of $789,000—positioned well above the $661,573 Fair Market Value by -19%. Featuring a Condition Rating of 5, this 1922 Single Family Residence requires extensive renovation. The 5,601 sqft lot and detached garage with bonus room offer significant ADU potential for forced appreciation. Located in a high-demand rental zone near Dodger Stadium, this asset is ideal for Fix-and-Flip Investors or Contractors seeking a value-add project in a prime Los Angeles location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3324 Thorpe Subject | $789,000* List Price | 2 | 1 | 912 | $725 | - |
A 3415 N Figueroa St Sold | $791,000 | 2 | 1 | 1,028 | $769 | 0.5 mi |
B 3319 Thorpe Avenue Sold | $761,000 | 3 | 1 | 1,220 | $624 | 0.0 mi |
C 2617 Thorpe Avenue Pending | $689,999 List Price | 2 | 1 | 768 | $898 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1922 and explicitly marketed as a 'fixer upper' in need of 'TLC,' this property is over 100 years old with no mention of recent renovations. The description targets investors and flippers for a value-add project, indicating that the kitchen, baths, and major systems likely require a full rehab to meet modern standards.
Situated in the high-demand Cypress Park area near DTLA, Echo Park, and Silver Lake, offering excellent proximity to major employment hubs and entertainment.
The generous 5,601 sqft lot and detached garage with a bonus room provide significant opportunities for ADU development or expansion to maximize ROI.
As a fixer-upper in a sought-after redevelopment zone, this property is ideal for investors or flippers looking to build equity through strategic renovations.
The home is in need of extensive TLC and is being sold as a fixer-upper, requiring a substantial budget for repairs and modernization.
With only 912 square feet of living area and a single bathroom, the current footprint may be restrictive for modern family needs without a costly addition.
2-bedroom, 1-bath home with a bonus room in need of TLC / fixer upper. Situated on a generous lot in a desirable neighborhood near Downtown Los Angeles, Dodger Stadium, and Chinatown. Ideal opportunity for investors, flippers, or buyers looking to add value through renovation. The property offers strong ADU potential (buyer to verify) and includes a detached rear garage with an attached bonus room. Conveniently located near Echo Park, Silver Lake, and Mount Washington, with easy access to major freeways, dining, shopping, entertainment, and local amenities. NOTE PROPERTY IS "SOLD AS IS" Close proximity to schools including Aragon Avenue Elementary School and Florence Nightingale Middle School, as well as nearby transit options such as the Lincoln/Cypress Station and Cypress & Maceo bus stops. Located in one of Los Angeles’ most sought-after high-demand rental and redevelopment area.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.6 mi
Grades K-5 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 25% |
| Baths | 1.0 | 2.5 | 18% |
| Square foot | 912 | 1,630.5 | 11% |
| Lot Size | 5,601 | 5,926.5 | 40% |
| Price | $789.0K | $1.24M | 11% |
| Price per sq ft | $865 | $772 | 62% |
| Built year | 1922 | 1955 | 13% |
| HOA | $0 | $0 | 50% |
| Days on market | 0 | 143 | 1% |
May 30, 2026
$789,000
Initial Listing