9306 Parmelee Avenue, Los Angeles, California 90002, Los Angeles, 90002 - 3 bed, 2 bath
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Los Angeles, California 90002
This property presents a High-Potential Investment Opportunity with a List Price of $699,999—positioned above the $595,471 Fair Market Value. While the property currently lacks immediate equity, its 1,558 square foot layout and 1985 construction provide a solid foundation for value-add renovations. Given the Fair Condition Rating, the home requires strategic updates to modernize its dated interior. Its location near public transit and schools offers strong rental demand, making this a viable Asset for Buy-and-Hold Investors or first-time buyers willing to invest in long-term appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 9306 Parmelee Avenue Subject | $699,900* List Price | 3 | 2 | 1,558 | $403 | - |
A 10441 W Zamora Sold | $645,000 | 3 | 1 | 1,468 | $439 | 0.7 mi |
B 9622 Evers Sold | $545,000 | 3 | 2 | 1,020 | $534 | 0.3 mi |
C 8904 Bandera Sold | $520,000 | 4 | 2 | 1,590 | $327 | 0.6 mi |
D 9514 Juniper Street Sold | $560,000 | 3 | 2 | 1,140 | $491 | 1.0 mi |
E 8710 Hooper Avenue Pending | $650,000 List Price | 3 | 1 | 1,320 | $492 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property was built in 1985 (39 years old) and lacks any mention of recent renovations to the kitchen, bathrooms, or major systems (HVAC/Electric). Based on the age exceeding 30 years and the dated interior appearance shown in photos, the home likely requires significant rehabilitation and system updates.
With 1,558 square feet of living space, this 3-bedroom, 2-bathroom home offers a larger-than-average footprint for the area, providing excellent functionality and room for a growing family.
Built in 1985, the property is significantly newer than many surrounding homes in the 90002 zip code, which typically translates to more modern building standards and updated system configurations.
The home is ideally situated near major public transportation routes, local schools, and shopping centers, making it a highly convenient location for commuters and active households.
The 4,516 square foot lot is relatively compact, which may limit options for significant outdoor expansions, ADU additions, or extensive private gardening.
The property lacks any significant views, which may affect its competitive edge compared to other properties in the broader Los Angeles market that offer hillside or city light perspectives.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,558 | 1,672 |
| Lot Size | 4,516 | 6,067 |
| Price | $699.9K | $1.37M |
| Price per sq ft | $449 | $801 |
| Built year | 1985 | 1939 |
| HOA | $0 | $348 |
| Days on market | 47 | 56 |
Jul 6, 2026
$699,900
$599,900
+17% Price Increase
Initial Listing
Jun 23, 2026
$599,900
$699,999
-14% Price Drop
Initial Listing
Jun 5, 2026
$699,999
Initial Listing