NOT LISTED FOR SALE

2659 Thorpe Ave Los Angeles, CA 90065

Cypress Park Neighborhood

Estimated Value: $705,000 - $1,045,267

3 Beds
2 Baths
1,260 Sq Ft
$645/Sq Ft Est. Value

Last Sold December 02, 2022

Last sale price $650,000 $516 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $5,191/month

4 Days on Market

Highlights

  • Fenced Yard
  • 2 Car Garage
  • Front Yard
  • Abraham Lincoln High School Rated A
  • Ceiling Fan
  • 4-minute walk to Cypress Park

About This Home

As of December 2022

2x on a lot Fixer upper in Cypress Park Great investment opportunity for a first time home buyer. Property will be delivered *VACANT* at closing Live in 2br/1ba front house and rent out the 1br/1ba carriage house above garage to offset mortgage. 2x car garage plus driveway space for valuable extra offstreet parking. Gated front yard. AS-IS sale. Property is a heavy fixer (reflected in list price). **5.5% 30 yr fixed financing available for owner occupants** Call listing agent for details Cypress Park is conveniently tucked in btw the foothills of Mt Washington to the East and Frogtown/Echo Park to the West and a stones throw away from Atwater Village, Highland Park and DTLA

Last Agent to Sell the Property

Mischa Nicolas

IET Real Estate License #01458128 Listed on: 11/07/2022

Last Buyer's Agent

Dylan Tate

Real Estate eBroker Inc. License #01932171

Real Estate eBroker Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,243

Year Built

  • Built in 1924

Lot Details

  • 4,002 Sq Ft Lot
  • Fenced Yard
  • Front Yard
  • Property is zoned LAR1

Parking

  • 2 Car Garage
  • Driveway

Interior Spaces

  • 1,260 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Laundry in Garage

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Location

  • City Lot

Community Details

  • 2 Units
  • Rent Control

Listing and Financial Details

  • Assessor Parcel Number 5453-005-010

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,243

Year Built

Built in 1924

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 1260
  • Lot Acreage: 0.0919
  • Probate: No
  • Stories: 1
  • Year Built: 1924
  • Number Of Photos: 65
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 3
  • Common Walls: Detached/No Common Walls
  • Laundry: Garage
  • Total Bathrooms: 2.00
  • Price Per S Q F T: 554.76

Exterior Features

  • Other Structures: None
  • Tennis Court Y/N: No
  • Pool: No
  • Spa Yn: No
  • View: No

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking: 2
  • Garage Structures: 1
  • Parking Garage: Garage Is Detached, Driveway - Concrete
  • Total Parking: 2

Utilities

  • Cooling: Ceiling Fan
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 25.88
  • Assessed Improvement Value: 110940
  • Assessed Land Percent: 74.12
  • Assessed Land Value: 317748
  • Total Assessed Value: 428688
  • Assessor Parcel Number: 5453-005-010
  • Lot Description: Fenced Yard, Front Yard
  • Lot Location: City
  • Lot Size Area: 4002

Rental Info

  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107
  • Number Of Units: 2
  • Rent Control: 100
  • Total Annual Expense: 0
  • Type Of Units: Duplex
  • Vacancy Rate: 0

Tax Info

  • Mello Roos: Unknown

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 7, 2022
Closed on
Nov 18, 2022
Sold by
Gutierrez Mary Margaret Marquez
Bought by
Catalyst Systems Retirement Trust
Seller's Agent
Mischa Nicolas
IET Real Estate
Buyer's Agent
Dylan Tate
Real Estate eBroker Inc.
List Price
$789,990
Sold Price
$650,000
Premium/Discount to List
-$139,990
-17.72%
Views
38
Current Estimated Value
$813,067

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$163,067
Avg. Annual Appreciation
8.98%
Original Mortgage
$47,962
Outstanding Balance
$46,653
Interest Rate
6.7%
Mortgage Type
New Conventional
Estimated Equity
$768,247

Purchase Details

Listed on
Nov 7, 2022
Closed on
Nov 1, 2022
Sold by
Gutierrez Gerardo
Bought by
Gutierrez Mary Margaret Mar
Seller's Agent
Mischa Nicolas
IET Real Estate
Buyer's Agent
Dylan Tate
Real Estate eBroker Inc.
List Price
$789,990
Sold Price
$650,000
Premium/Discount to List
-$139,990
-17.72%
Views
38

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$47,962
Outstanding Balance
$46,653
Interest Rate
6.7%
Mortgage Type
New Conventional
Estimated Equity
$768,247

Purchase Details

Closed on
Apr 14, 2015
Sold by
Gutierrez Mary Margaret Marquez
Bought by
Gutierrez Mary Margaret Marquez

Purchase Details

Closed on
May 18, 2005
Sold by
Thomas Mary E and Trust Of Margaret I Marques
Bought by
Thomas Mary E and Marques Gutierrez Mary Margaret

Purchase Details

Closed on
Jul 30, 2004
Sold by
Marques Margaret I
Bought by
Marques Margaret I and Trust Of Margaret I Marques
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Catalyst Systems Retirement Trust $650,000 Wfg National Title
Gutierrez Mary Margaret Mar -- Wfg National Title
Gutierrez Mary Margaret Marquez -- None Available
Thomas Mary E -- --
Marques Margaret I -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gutierrez Mary Margaret Mar $47,962
Previous Owner Thomas Mary E $168,000
Previous Owner Thomas Mary E $280,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/02/2022 12/02/22 Sold $650,000 -7.0% $516 / Sq Ft
11/11/2022 11/11/22 Pending -- -- --
11/11/2022 11/11/22 Price Changed $699,000 -11.5% $555 / Sq Ft
11/11/2022 11/11/22 Price Changed $789,990 +12.9% $627 / Sq Ft
11/10/2022 11/10/22 Price Changed $699,990 -11.4% $556 / Sq Ft
11/07/2022 11/07/22 For Sale $789,990 -- $627 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $8,243 $663,000 $497,250 $165,750
2023 $8,083 $650,000 $487,500 $162,500
2022 $5,274 $428,688 $317,748 $110,940
2021 $5,205 $420,283 $311,518 $108,765
2020 $5,255 $415,974 $308,324 $107,650
2019 $5,050 $407,819 $302,279 $105,540
2018 $4,974 $399,823 $296,352 $103,471
2016 $4,748 $384,300 $284,846 $99,454
2015 $4,679 $378,529 $280,568 $97,961
2014 $5,639 $454,829 $341,124 $113,705
Source: Public Records

Agents Affiliated with this Home

  • Mischa Nicolas

    Seller's Agent in 2022

    Mischa Nicolas

    IET Real Estate

    (310) 874-1278

    1 in this area

    34 Total Sales

    Mischa Nicolas
    Section Image

  • D

    Buyer's Agent in 2022

    Dylan Tate

    Real Estate eBroker Inc.

    (760) 722-3222

    2 in this area

    3 Total Sales

    Dylan Tate
    Section Image
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Map

Source: The MLS

MLS Number: 22-216395

The MLS

APN: 5453-005-010

California Los Angeles County Los Angeles 90065 Cypress Park

2659 Thorpe Ave, Los Angeles, CA

This home is located at 2659 Thorpe Ave, Los Angeles, CA 90065 since 07 November 2022 and is currently estimated at $813,067, approximately $645 per square foot. This property was built in 1924. 2659 Thorpe Ave is a home located in Los Angeles County with nearby schools including Aragon Avenue Elementary, Florence Nightingale Middle, and Benjamin Franklin High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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