9206 S Van Ness Street, Los Angeles, California 90047, Los Angeles, 90047 - 2 bed, 1 bath
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9206 S Van Ness Street
Los Angeles, California 90047
ACTIVE UNDER CONTRACT
CONDITION: POOR
2Beds
1Baths
1,224Sq Ft
6,703Lot Size
Property Price
LIST PRICE$540,000
EST. MARKET VALUE
$540,000
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $540,000—positioned well below the $540,000 Fair Market Value (priced at market). Featuring a Condition Rating of 5, this asset requires significant renovation, yet the 6,703 sq ft lot and detached 2-car garage offer substantial ADU development potential. Located minutes from major entertainment hubs like SoFi Stadium, this project provides a clear path to forced appreciation. This is a strategic acquisition ideal for Buy-and-Hold Investors or Contractors seeking a value-add project in a high-demand area.
Estimated Market Value
$540,000
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 |
|---|---|---|---|---|---|---|
★ 9206 S Van Ness Street Subject 2 bd · 1 ba · 1,224 sqft · $441 | $540,000* List Price | 2 | 1 | 1,224 | $441 | - |
A 9432 S Hobart Boulevard Sold 2 bd · 1 ba · 1,288 sqft · $403 · 0.6 mi | $519,000 | 2 | 1 | 1,288 | $403 | 0.6 mi |
B 9120 S Van Ness Sold 2 bd · 1 ba · 1,185 sqft · $565 · 0.1 mi | $669,000 | 2 | 1 | 1,185 | $565 | 0.1 mi |
C 9640 La Salle Sold 2 bd · 1 ba · 1,102 sqft · $554 · 0.8 mi | $610,000 | 2 | 1 | 1,102 | $554 | 0.8 mi |
D 8947 S Denker Sold 3 bd · 1 ba · 1,422 sqft · $394 · 0.7 mi | $560,000 | 3 | 1 | 1,422 | $394 | 0.7 mi |
E 8826 S Van Ness Sold 3 bd · 2 ba · 1,314 sqft · $438 · 0.3 mi | $575,000 | 3 | 2 | 1,314 | $438 | 0.3 mi |
F 10504 S Manhattan Sold 2 bd · 1 ba · 991 sqft · $481 · 0.9 mi | $477,000 | 2 | 1 | 991 | $481 | 0.9 mi |
G 9647 S Harvard Sold 2 bd · 1 ba · 1,202 sqft · $562 · 0.7 mi | $675,000 | 2 | 1 | 1,202 | $562 | 0.7 mi |
H 10318 S Manhattan Place Sold 2 bd · 2 ba · 1,282 sqft · $546 · 0.8 mi | $700,000 | 2 | 2 | 1,282 | $546 | 0.8 mi |
I 9117 Dalton Active 2 bd · 1 ba · 1,524 sqft · $417 · 0.8 mi | $635,000 List Price | 2 | 1 | 1,524 | $417 | 0.8 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 'project' for investors, the property shows significant age with a dated kitchen and worn exterior. The lack of recent renovations and the need for 'vision' to transform the space align with the poor condition criteria requiring rehab.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
High School: Middle College High School (9/10).
- Prime Entertainment Proximity
Ideally situated minutes from world-class venues like SoFi Stadium, Intuit Dome, and the Kia Forum, ensuring strong long-term demand and appreciation potential.
- ADU Development Potential
The generous 6,703 sq ft lot features a detached 2-car garage, providing an excellent opportunity for an ADU conversion to increase rental income or property value.
CONSRISKS & DEFICIENCIES
- Tenant Occupancy Challenges
The property is sold with existing tenants and the seller will not handle relocation, which may complicate financing and delay immediate renovation or occupancy plans.
- Significant Renovation Required
Marketed as a project requiring vision, the home likely needs substantial capital investment to modernize and address its 1947-era condition.
About 9206 S Van Ness Street
Major Price Reduction — Charming 2-Bedroom Home on a Large Lot Near LA’s Top Attractions This inviting 2-bedroom, 1-bath home sits on a generous 6,703 sq ft lot and includes a detached 2-car garage with excellent potential for an ADU conversion (buyer to verify with the city). The property is ideally located just minutes from SoFi Stadium, Intuit Dome, and the Kia Forum, with quick access to LAX. Whether you’re an investor or a homeowner looking for a project with upside, this home offers an outstanding opportunity. Bring your vision and transform this space into your personal retreat. Please do not disturb tenants or walk the property. Property to be sold with tenants in place
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1947
- Lot Size
- 6,703 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Manhattan Place Elementary School
Grades K-5 • 0.4 mi
1/10
La Salle Avenue Elementary School
Grades K-5 • 0.8 mi
3/10
Lane (Warren) Elementary School
Grades K-6 • 1.1 mi
1/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,224 | 1,670.836 |
| Lot Size | 6,703 | 6,152.156 |
| Price | $540.0K | $1.34M |
| Price per sq ft | $441 | $807 |
| Built year | 1947 | 1941 |
| HOA | $0 | $238 |
| Days on market | 150 | 56 |
Pricing History
Listed for Sale
Aug 27, 2026
$540,000
$640,000
-16% Price Drop
Initial Listing
Price Change
Jun 12, 2026
$640,000
Initial Listing