The Little Holmby fixer at 642 Thayer Ave., LA CA 90024 received a price reduction today of 9.82% or $196,000, down to $1,799,000. The property was listed 9/30/09 for $1,995,000 and this is the first price reduction of the listing term. According to the MLS, the home is a 4 bedroom / 4 bath, 3,485 sq ft of living space on a 7,927 sq ft lot. This Spanish home was built in 1928 and basically hasn't been updated since it was built.  Which would probley classify this house as a major fixer.