9306 Parmelee Avenue, Los Angeles, California 90002, Los Angeles, 90002 - 3 bed, 2 bath
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9306 Parmelee Avenue
Los Angeles, California 90002
ACTIVE
CONDITION: POOR
3Beds
2Baths
1,558Sq Ft
4,516Lot Size
Property Price
LIST PRICE$699,900
EST. MARKET VALUE
$661,466
5% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $699,900—positioned well below the $661,466 Fair Market Value by -5%. While the property requires updates, its 1,558 square foot layout and 1985 construction provide a solid foundation for value-add renovations. Given the Poor Condition Rating and extended market duration, this asset is best suited for those capable of executing a strategic rehab. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a project to build long-term equity.
Estimated Market Value
$661,466
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 |
|---|---|---|---|---|---|---|
★ 9306 Parmelee Avenue Subject 3 bd · 2 ba · 1,558 sqft · $425 | $699,900* List Price | 3 | 2 | 1,558 | $425 | - |
A 9414 Clovis Avenue Sold 3 bd · 2 ba · 1,149 sqft · $466 · 0.4 mi | $535,000 | 3 | 2 | 1,149 | $466 | 0.4 mi |
B 9622 Evers Sold 3 bd · 2 ba · 1,020 sqft · $534 · 0.3 mi | $545,000 | 3 | 2 | 1,020 | $534 | 0.3 mi |
C 10441 W Zamora Sold 3 bd · 1 ba · 1,468 sqft · $439 · 0.7 mi | $645,000 | 3 | 1 | 1,468 | $439 | 0.7 mi |
D 859 E 87th Sold 2 bd · 2 ba · 1,009 sqft · $570 · 0.7 mi | $575,000 | 2 | 2 | 1,009 | $570 | 0.7 mi |
E 8832 Prince Pending 4 bd · 3 ba · 1,712 sqft · $402 · 0.3 mi | $688,000 List Price | 4 | 3 | 1,712 | $402 | 0.3 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 1985 (39 years old) with no evidence of major renovations to the kitchen, bathrooms, or systems. Per the criteria, properties over 30 years old without significant updates are classified as poor; the listing description and photos suggest a dated interior and exterior clutter consistent with a home needing rehab.
PROSSTRENGTHS & OPPORTUNITIES
- Spacious Interior Layout
With 1,558 square feet of living space, this 3-bedroom, 2-bathroom home offers a generous and functional floor plan that is larger than many typical starter homes in the immediate area.
- Modern Construction Standards
Built in 1985, the property is significantly newer than much of the surrounding housing stock, likely offering more updated building systems and structural standards compared to older neighborhood residences.
- Strategic Urban Accessibility
The home is situated in a highly accessible pocket of Los Angeles near major public transportation, schools, and shopping centers, providing excellent convenience for commuters and families.
CONSRISKS & DEFICIENCIES
- Extended Market Duration
The property has remained active for 136 days, which is a significant amount of time on market that may indicate a lack of buyer urgency or a need for a more competitive strategy.
- Pricing Volatility
The listing history shows significant price fluctuations, including a large drop followed by a return to the original price, which can create buyer hesitation regarding the property's true market value.
About 9306 Parmelee Avenue
Welcome to this wonderful single-family home located in a highly accessible and vibrant pocket of Los Angeles. This property offers a fantastic balance of space and functionality with a generous 1,558 square feet of interior living space that features 3 comfortable bedrooms and 2 full bathrooms. The thoughtfully designed layout creates a welcoming environment for both daily living and hosting guests, emphasizing bright rooms and an efficient use of space. Situated on a manageable 4,516 square foot lot, the exterior provides just the right amount of private outdoor space for relaxing or entertaining without demanding excessive upkeep. Conveniently located near local schools, parks, shopping centers, and public transportation routes, this residence stands as an exceptional opportunity for first-time homebuyers looking for a solid starter home or savvy investors seeking a strong property to add to their portfolio. Don't miss out on this classic Los Angeles opportunity that is ready for its next chapter.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1985
- Lot Size
- 4,516 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
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 | 1,558 | 1,670.836 |
| Lot Size | 4,516 | 6,152.156 |
| Price | $699.9K | $1.34M |
| Price per sq ft | $449 | $807 |
| Built year | 1985 | 1941 |
| HOA | $0 | $238 |
| Days on market | 157 | 56 |
Pricing History
Listed for Sale
Jul 6, 2026
$699,900
$599,900
+17% Price Increase
Initial Listing
Price Change
Jun 23, 2026
$599,900
$699,999
-14% Price Drop
Initial Listing
Price Change
Jun 5, 2026
$699,999
Initial Listing