8804 Ilex Avenue, Los Angeles, California 91352, Los Angeles, 91352 - 3 bed, 2 bath
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8804 Ilex Avenue
Los Angeles, California 91352
ACTIVE
CONDITION: POOR
3Beds
2Baths
1,243Sq Ft
6,249Lot Size
Property Price
LIST PRICE$659,000
EST. MARKET VALUE
$673,488
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $659,000—positioned well below the $673,489 Fair Market Value by 2%. This valuation gap offers $14,489 in Instant Equity for buyers. Featuring a Condition Rating of 5, the property requires significant rehab, yet the 6,249 SF R1 lot provides exceptional SB 9 and ADU development potential. This is a probate sale requiring court confirmation, making it an ideal acquisition for Buy-and-Hold Investors or Developers seeking to maximize density in Sun Valley.
Estimated Market Value
$673,488
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 |
|---|---|---|---|---|---|---|
★ 8804 Ilex Avenue Subject | $659,000* List Price | 3 | 2 | 1,243 | $542 | - |
A 8657 Morehart Active | $830,000 List Price | 3 | 2 | 1,450 | $572 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1947 and marketed as a development opportunity, the property is a probate sale sold as-is. While it features some minor updates like laminate flooring and recessed lights, the overall structure and systems (visible window AC, dated exterior) are well over 30 years old and require significant rehab or redevelopment to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Development Potential
The 6,249 SF R1 lot offers significant upside through SB 9 and ADU strategies, providing a rare opportunity to potentially develop up to four residential units.
- Investment Value
Priced competitively at $659,000, this property serves as an accessible entry point for investors or developers looking to capitalize on the high demand for housing in Sun Valley.
- Versatile Usage
With a functional 3-bedroom, 2-bathroom layout, the property appeals to a wide range of buyers, including owner-users looking to add value or developers seeking a multi-unit project.
CONSRISKS & DEFICIENCIES
- Complex Probate Process
As a probate sale with limited authority, the transaction requires court confirmation and is subject to potential overbids, which may lead to a prolonged and uncertain closing process.
- As-Is Condition
The property is sold in its current condition with no warranties, placing the full burden of due diligence, repairs, and zoning verification on the buyer.
About 8804 Ilex Avenue
DEVELOPMENT OPPORTUNITY | SUN VALLEY An exciting opportunity for investors, developers, or owner-users looking to unlock the potential of a well-located 3/2 Sun Valley property. This is potentially a four-door residential development opportunity on an approximately 6,249 SF R1 lot, with both SB 9 and ADU strategies worth investigating. Buyer to independently investigate zoning, SB 9 eligibility, ADU opportunities, density, setbacks and development potential with the City of Los Angeles. THIS IS A PROBATE SALE WITH LIMITED AUTHORITY AND COURT CONFIRMATION REQUIRED. COURT OVERBID IS POSSIBLE, SUBJECT TO COURT APPROVAL. ALL OFFERS REQUIRE 10% DEPOSIT AND PROOF OF FUNDS TO CLOSE. Property sold as-is. Buyer to independently investigate and verify zoning, permitted uses, development potential, ADU feasibility, lot dimensions, building requirements, and all information with the City of Los Angeles and appropriate governmental agencies.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1947
- Lot Size
- 6,249 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Fernangeles Elementary School
Grades K-5 • 0.3 mi
3/10
Arminta Street Elementary School
Grades K-5 • 1.0 mi
2/10
Strathern Street Elementary School
Grades K-5 • 1.2 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,243 | 1,664.159 |
| Lot Size | 6,249 | 6,066.556 |
| Price | $659.0K | $1.35M |
| Price per sq ft | $530 | $806 |
| Built year | 1947 | 1939 |
| HOA | $0 | $278 |
| Days on market | 27 | 55 |
Pricing History
Listed for Sale
Aug 13, 2026
$659,000
Initial Listing