9416 Wilmington Avenue, Los Angeles, California 90002, Los Angeles, 90002 - 2 bed, 1 bath
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Los Angeles, California 90002
This Development-Ready Residential Asset is listed at $529,500, representing a stable entry point at its $529,500 Fair Market Value. Although the 1911 structure carries a Condition Rating of 4, the investment upside is anchored in the 6,750 sq. ft. lot and its potential for a two-lot split. With a plumbed 150 sq. ft. bonus room and immediate access to the LA Metro Blue Line within the Los Angeles Unified district, the property is primed for forced appreciation. This is a strategic acquisition for Buy-and-Hold Investors or Developers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 9416 Wilmington Avenue Subject | $529,500* List Price | 2 | 1 | 768 | $689 | - |
A 8765 Plevka Avenue Sold | $573,000 | 2 | 1 | 816 | $702 | 0.8 mi |
B 1318 E 100th Street Active | $649,000 List Price | 3 | 2 | 849 | $764 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1911, this property is significantly aged but appears to have been maintained through regular upkeep and minor cosmetic updates, such as laminate flooring and fresh interior paint. The kitchen and bathroom are functional but feature dated cabinetry, older appliances, and basic fixtures that do not meet modern luxury standards. The listing's heavy emphasis on 'development opportunity' and 'lot splitting' further indicates that the value lies primarily in the land rather than the aging structure, which lacks recent comprehensive renovations.
The expansive 6,750 sq. ft. lot offers significant investment upside with the potential to split the land into two separate lots or add additional units, subject to city verification.
The property is ideally located near the LA Metro Blue Line, schools, and shopping centers, providing excellent transit options and convenience for commuters.
A large, deep yard provides ample room for RV and truck parking, complemented by a 150 sq. ft. rear bonus room with plumbing that offers flexible usage options.
Built in 1911, the original structure is over a century old and likely requires substantial modernization or structural updates to meet current building standards.
At only 768 square feet, the primary residence is quite small, which may limit its appeal to traditional families unless significant expansions are undertaken.
Back on Market...Cozy House on a Huge Build-able Lot / House shows a lot Larger than sq ft reflects, Extra Room in Rear has closet (+150 sq ft) with plumbing. This Large 6750 sq ft lot can possibly be split into 2 lots (25ft x 135 ft each) - Development Opportunity - Check with City of Los Angeles to verify / Wide Street with ample passing access. Large Deep Yard with space to build and room for RVs, Trucks, - Schools, Shopping, Public Transportation, LA Metro Blue Line all close by
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 37% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 768 | 1,024 | 17% |
| Lot Size | 6,755 | 4,896 | 94% |
| Price | $529.5K | $600.0K | 32% |
| Price per sq ft | $689 | $585 | 78% |
| Built year | 1911 | 1939 | 2% |
| HOA | $0 | $0 | 50% |
| Days on market | 177 | 180 | 49% |
Dec 1, 2025
$529,500
$599,500
-12% Price Drop
Initial Listing
Oct 27, 2025
$599,500
Initial Listing