9430 Parmelee Avenue, Los Angeles, California 90002, Los Angeles, 90002 - bed, bath
ACTIVE$710,000
9430 Parmelee Avenue, Los Angeles, California 90002
0Bed
0Bath
1,820Sqft
4,701Lot
Year Built
1960
Close
-
List price
$710K
Original List price
$695K
Price/Sqft
$390
HOA
-
Days on market
-
Sold On
-
MLS number
TR24102067
Home ConditionPoor
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $710.0K(50th), sqft - 1820(50th), beds - undefined(50th), baths - undefined(50th).
**BACK ON THE MARKET** Cancellation due to buyers non-performance. Great Investment Property! Being sold as is. Each unit consists of 2 bedrooms and 1 bath. Each unit has it's own washer and dryer hook ups. Back unit has a 2 car garage. This property is centrally located to many restaurants and shops.
Price History
Date
Event
Price
03/18/10
Sold
$260,000
08/17/09
Sold
$120,000
Condition Rating
Poor
Built in 1960, this property is 64 years old and is explicitly being sold 'as-is' after a previous buyer's non-performance, strongly indicating significant underlying issues or deferred maintenance. The images reveal visibly outdated kitchen and bathroom areas, requiring full renovation. While functional, the interiors show dated finishes and styles. Given the age and sale conditions, major systems are likely original or very old, necessitating substantial repairs and rehabilitation to meet modern standards and ensure long-term functionality.
Pros & Cons
Pros
Income-Generating Duplex: The property is a duplex with two separate 2-bedroom, 1-bath units, explicitly marketed as a 'Great Investment Property' and 'Residential Income' type, offering strong rental potential.
Individual Unit Amenities: Each unit is equipped with its own washer and dryer hookups, a significant convenience that enhances tenant appeal and potential rental value.
Valuable Parking/Storage: The back unit benefits from a 2-car garage, a highly desirable amenity in urban Los Angeles, providing secure parking or additional storage space.
Central & Convenient Location: The property is 'centrally located to many restaurants and shops,' indicating excellent accessibility to local amenities and services, which is attractive to renters.
Established Urban Area: Located in Los Angeles (Watts area), the property is situated within an established urban environment with existing infrastructure and consistent demand for housing.
Cons
As-Is Sale Condition: The property is explicitly 'Being sold as is,' which typically means the seller will not make repairs, potentially requiring immediate and significant investment from the buyer for necessary renovations or deferred maintenance.
Previous Transaction Failure: The listing notes 'Cancellation due to buyers non-performance,' which can be a red flag, suggesting potential underlying issues with the property or its valuation that caused a previous deal to fall through.
Age of Property: Built in 1960, the property is over 60 years old. This often implies that major systems (plumbing, electrical, roofing, HVAC) may be original or outdated, potentially leading to higher maintenance costs or the need for costly upgrades in the near future.