9418 Zamora Avenue, Los Angeles, California 90002, Los Angeles, 90002 - 3 bed, 2 bath
ACTIVE$680,000
9418 Zamora Avenue, Los Angeles, California 90002
3Beds
2Baths
1,520Sqft
4,936Lot
Price Vs. Estimate
The estimated value ($436,990.86) is $243,009.14 (35%) lower than the list price ($680,000). This property may be overpriced.
Key pros and cons
Top Pros:
Strong Income-Generating Potential: The property is designed for income generation, featuring a main house divided into two separate units and a detached, permitted ADU under construction, ideal for rental income.
Top Cons:
Significant Overpricing: The listing price of $680,000 is substantially higher than the estimated property value of $436,990.86, which may deter potential buyers or necessitate a price reduction.
Compared to the nearby listings
Price:$680.0K vs avg $605.0K (+$75,000)75%
Size:1,520 sqft vs avg 1,055.5 sqft80%
Price/sqft:$447 vs avg $53229%
More Insights
Built in 1936 (89 years old).
Condition: The property was built in 1936, making it very old. While it offers income potential with permitted units, the detached ADU is explicitly stated as 'under construction,' requiring further investment and completion by the buyer. The complete absence of interior images, particularly for the main kitchens and bathrooms, strongly indicates that these areas are significantly outdated and would require substantial repairs and rehabilitation to meet modern standards. The overall condition suggests a need for significant modernization rather than minor updates.
Year Built
1936
Close
-
List price
$680K
Original List price
$680K
Price/Sqft
$447
HOA
-
Days on market
-
Sold On
-
MLS number
IV25139177
Home ConditionPoor
Features
Patio
View-
About this home
Discover this versatile property located in a prime area of Los Angeles, ideal for large families or savvy investors. The main house is thoughtfully divided into two separate living spaces: a front unit with 2 bedrooms and 1 bathroom, and a rear unit featuring 1 bedroom, 1 bathroom, a cozy kitchenette, and a private entrance—perfect for extended family or rental income. In addition, the detached garage being converted into a fully permitted 1-bedroom, 1-bathroom unit with a small kitchenette (under construction). Both added units (approximately 400 sq ft combined) are permitted, adding flexibility and value to this unique property. Whether you're looking for a multi-generational living solution or an income-producing investment, this property offers incredible potential in the heart of the city.
Price History
Date
Event
Price
08/11/00
Sold
$103,000
Condition Rating
Poor
The property was built in 1936, making it very old. While it offers income potential with permitted units, the detached ADU is explicitly stated as 'under construction,' requiring further investment and completion by the buyer. The complete absence of interior images, particularly for the main kitchens and bathrooms, strongly indicates that these areas are significantly outdated and would require substantial repairs and rehabilitation to meet modern standards. The overall condition suggests a need for significant modernization rather than minor updates.
Pros & Cons
Pros
Strong Income-Generating Potential: The property is designed for income generation, featuring a main house divided into two separate units and a detached, permitted ADU under construction, ideal for rental income.
Permitted Additional Dwelling Units (ADUs): Both added units, including the one under construction, are fully permitted, ensuring legality and adding significant value and flexibility to the property.
Versatile Multi-Unit Configuration: The layout with multiple separate living spaces caters effectively to both savvy investors seeking rental income and large families requiring multi-generational living solutions.
Prime Los Angeles Location: Situated in a prime area of Los Angeles, the property benefits from a desirable urban location with access to city amenities and potential for appreciation.
Future Value Appreciation: The completion of the permitted ADU, currently under construction, is expected to further enhance the property's overall value and rental yield.
Cons
Significant Overpricing: The listing price of $680,000 is substantially higher than the estimated property value of $436,990.86, which may deter potential buyers or necessitate a price reduction.
ADU Under Construction: The detached garage conversion into an ADU is still 'under construction,' meaning the buyer will incur additional costs and time to complete it before it can be fully utilized or generate income.
Age of Property: Built in 1936, the property is older, which could imply potential for outdated systems, deferred maintenance, or a need for significant modernization to meet contemporary standards.