9416 Wilmington Avenue, Los Angeles, California 90002, Los Angeles, 90002 - 2 bed, 1 bath
9416 Wilmington Avenue
Los Angeles, California 90002
Property Price
SUMMARY
Analysis of 9416 Wilmington Avenue, Los Angeles, California 90002 reveals a property with a current list price of $529,500, which is 3% above the estimated $511,271 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Estimated Market Value
Comparable Sales Map
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 | $666 | - |
A 8765 Plevka Avenue Sold | $573,000 | 2 | 1 | 816 | $702 | 0.8 mi |
B 8733 Beach Sold | $420,000 | 2 | 1 | 619 | $679 | 0.7 mi |
C 1318 E 100th Street Active | $685,000 List Price | 3 | 2 | 849 | $807 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1911, this property is marketed primarily for its land value and development potential rather than the structure itself. The home is significantly aged with dated interiors, including old flooring, wood paneling, and outdated kitchen/bathroom fixtures. The listing's emphasis on a lot split and the 'development opportunity' suggests the existing structure requires substantial rehabilitation or is nearing the end of its functional life.
PROSSTRENGTHS & OPPORTUNITIES
- Significant Development Potential
The oversized 6,750 sq ft lot offers a rare opportunity for a lot split or the construction of additional units, providing high upside for developers and investors.
- Excellent Transit Connectivity
Located in close proximity to the LA Metro Blue Line, schools, and major shopping hubs, the property boasts a highly accessible location for commuters.
- Versatile Outdoor Space
The deep yard and wide street access accommodate large vehicle storage, such as RVs and trucks, or provide ample room for a substantial ADU addition.
CONSRISKS & DEFICIENCIES
- Dated and Limited Living Space
Built in 1911 with only 768 sq ft of living area, the structure is significantly aged and may require extensive renovations to meet modern standards.
- Market Re-entry and Price Adjustment
The property is back on the market after a $70,000 price reduction, which could signal previous buyer concerns regarding condition, financing, or appraisal.
About 9416 Wilmington Avenue
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
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1911
- Lot Size
- 6,755 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
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 36% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 768 | 1,012 | 19% |
| Lot Size | 6,755 | 4,843 | 92% |
| Price | $529.5K | $600.0K | 32% |
| Price per sq ft | $689 | $572 | 78% |
| Built year | 1911 | 1933 | 2% |
| HOA | $0 | $0 | 50% |
| Days on market | 130 | 184 | 29% |
Pricing History
Listed for Sale
Dec 1, 2025
$529,500
$599,500
-12% Price Drop
Initial Listing
Price Change
Oct 27, 2025
$599,500
Initial Listing