4622 9th Avenue, Los Angeles, California 90043, Los Angeles, 90043 - 3 bed, 2 bath
ACTIVE$650,000$1,451/sqft
Est. Value: $726,477
11%
BelowEstimate
4622 9th Avenue, Los Angeles, California 90043
3Beds
2Baths
1,451Sqft
7,503Lot
Price Vs. Estimate
The estimated value ($726,476.95) is $76,476.95 (11%) higher than the list price ($650,000). This property may be underpriced.
Key pros and cons
Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7503, living area = 1451.
Top Cons:
Recently Sold Property: The property was recently sold within the past year on 2025-05-19. The sold price is $500,000.00.
Compared to the nearby listings
Price:$650.0K vs avg $850.0K ($-200,000)14%
Size:1,451 sqft vs avg 1,507 sqft44%
Price/sqft:$448 vs avg $61913%
More Insights
Built in 1923 (103 years old).
Condition: This property, built in 1923, is explicitly marketed as a 'true fixer' and 'not move-in ready,' requiring 'renovation before occupancy.' The images confirm this, showing extremely outdated and dilapidated conditions throughout. The kitchen features very old, worn cabinets, stained sinks, and vintage, dirty appliances that require full replacement. The bathroom is in similar disrepair with old fixtures, dirty tiles, and broken blinds. Flooring is a mix of heavily stained, worn carpet and cheap, damaged laminate/linoleum. The exterior shows peeling paint, overgrown vegetation, and caution tape on a porch, indicating potential structural or safety issues. All major systems, including visible wall heaters and electrical outlets, appear very old and likely require substantial upgrades. The property clearly requires substantial repairs and rehabilitation, aligning with the 'Poor' condition criteria.
Year Built
1923
Close
-
List price
$650K
Original List price
$650K
Price/Sqft
$448
HOA
-
Days on market
-
Sold On
-
MLS number
26632669
Home ConditionPoor
Features
View-
About this home
CALLING ALL INVESTORS & AGENTS DO-IT-YOURSELF OPPORTUNITYHere's your chance to get in the game and build equity. This multi-family value-add property is ideal for buyers willing to put in the work and unlock its full potential.Property will require renovation before occupancy. This is not move-in ready and is best suited for investors, contractors, or buyers with a clear rehab plan.Property includes two units:* One unit vacant, ready for a full renovation* One unit occupied by a long-term tenant, providing income during the improvement processStrong upside for those looking to renovate, reposition, and hold or improve and sell. This is a true fixer with clear value-add potential.Sold AS-IS. No repairs, credits, or warranties. Buyer to verify all information, zoning, permits, and intended use.Bring your vision, your contractor, and your strategy opportunities like this are rare.
F
Fernando Castro
Listing Agent
Nearby schools
2/10
Forty-Second Street Elementary School
Public,•K-5•0.5mi
3/10
Angeles Mesa Elementary School
Public,•K-5•0.5mi
2/10
Fifty-Ninth Street Elementary School
Public,•K-5•1.1mi
2/10
Fifty-Fourth Street Elementary School
Public,•K-5•1.1mi
2/10
Yes Academy
Public,•K-5•1.4mi
3/10
Windsor Hills Math Science
Public,•K-5•1.7mi
4/10
Centinela Elementary School
Public,•K-6•2.0mi
3/10
Seventy-Fourth Street Elementary School
Public,•K-5•2.1mi
1/10
Lane (Warren) Elementary School
Public,•K-6•2.4mi
2/10
Audubon Middle School
Public,•6-8•0.6mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•1.0mi
1/10
Horace Mann Junior High School
Public,•6-8•1.9mi
3/10
Parent (Frank D.) Elementary School
Public,•K-8•3.0mi
2/10
Crozier (George W.) Middle School
Public,•7-8•3.5mi
/10
Monroe (Albert F.) Middle School
Public,•6-8•4.3mi
1/10
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public,•9-12•0.3mi
2/10
Inglewood High School
Public,•9-12•3.2mi
2/10
George Washington Preparatory High School
Public,•9-12•4.6mi
9/10
Middle College High School
Public,•9-12•6.8mi
Price History
Date
Event
Price
05/19/25
Sold
$500,000
Condition Rating
Poor
This property, built in 1923, is explicitly marketed as a 'true fixer' and 'not move-in ready,' requiring 'renovation before occupancy.' The images confirm this, showing extremely outdated and dilapidated conditions throughout. The kitchen features very old, worn cabinets, stained sinks, and vintage, dirty appliances that require full replacement. The bathroom is in similar disrepair with old fixtures, dirty tiles, and broken blinds. Flooring is a mix of heavily stained, worn carpet and cheap, damaged laminate/linoleum. The exterior shows peeling paint, overgrown vegetation, and caution tape on a porch, indicating potential structural or safety issues. All major systems, including visible wall heaters and electrical outlets, appear very old and likely require substantial upgrades. The property clearly requires substantial repairs and rehabilitation, aligning with the 'Poor' condition criteria.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7503, living area = 1451.
Great Schools: High School: Middle College High School (9/10).
Multi-Family Property: This is a multi-family property featuring two units, offering diversified income streams or owner-occupancy with rental income potential.
Income-Generating Unit: One unit is currently occupied by a long-term tenant, providing immediate rental income to offset costs during the renovation of the other unit.
Significant Value-Add Potential: Marketed as a 'value-add property' and 'true fixer,' it presents a strong opportunity for investors or contractors to build substantial equity through renovation and repositioning.
Vacant Unit for Immediate Renovation: One unit is vacant and ready for a full renovation, allowing the buyer to immediately implement their vision and begin the value-add process.
Targeted Investor Opportunity: The property is explicitly positioned for investors, contractors, or buyers with a clear rehab plan, indicating a clear path to high ROI for those willing to undertake the work.
Cons
Recently Sold Property: The property was recently sold within the past year on 2025-05-19. The sold price is $500,000.00.
Extensive Renovation Required: The property is not move-in ready and will require significant renovation before occupancy, demanding substantial time and capital investment from the buyer.
Sold As-Is Condition: The property is sold 'AS-IS' with no repairs, credits, or warranties, placing full responsibility for any existing or future defects on the buyer.
No Desirable Views: The property description indicates 'view: None,' which may limit its appeal to buyers seeking scenic vistas in the Los Angeles market.