
Los Angeles, California 90002
This property presents a High-Potential Investment Opportunity with a List Price of $565,000—positioned well above the $504,209 Fair Market Value by -12%. While the property requires significant capital expenditure due to its Condition Rating of 5, the 6,750 sqft lot and detached 2-car garage provide excellent ADU Potential for forced appreciation. This asset is best suited for Fix-and-Flip Investors or Contractors capable of executing a full-scale renovation to unlock the underlying value of this 1927 structure.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 9433 Hickory Street Subject | $565,000* List Price | 2 | 1 | 624 | $808 | - |
A 9416 Wilmington Avenue Sold | $550,000 | 2 | 1 | 768 | $716 | 0.2 mi |
B 8733 Beach Sold | $420,000 | 2 | 1 | 619 | $679 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1927 and explicitly marketed as a 'fixer-upper,' this property is nearly 100 years old with no mention of recent renovations. The exterior shows significant weathering, and the listing's focus on 'transformation' and 'imagination' indicates that the kitchen, bathroom, and major systems (HVAC/Electric) likely require a full rehab to meet modern safety and functional standards.
The detached 2-car garage offers a significant opportunity for conversion into an Accessory Dwelling Unit (ADU), providing potential for rental income or multi-generational living.
Situated on a 6,750 sqft lot, the property provides ample space for future home expansion, landscaping, or outdoor entertainment areas.
As a fixer-upper with significant upside potential, this property is ideal for investors or buyers looking to build equity through renovation in a developing area.
With only 624 square feet of living space, the interior layout is quite compact, which may limit its appeal to larger families or those seeking spacious rooms.
The property is marketed as a fixer-upper, indicating that substantial additional investment and construction work are needed to make the home move-in ready.
Amazing Opportunity! Don't miss this incredible opportunity to own a 2-bedroom, 1-bath home with endless potential. This fixer-upper is perfect for buyers looking to renovate, invest, or create their dream home. One of the property's standout features is the detached 2-car garage, which offers excellent potential for a future ADU (Accessory Dwelling Unit), subject to buyer verification and city approval. With its separate location and convenient access from the front of the property, the possibilities are endless. Whether you're an investor or a homeowner with a vision, this property offers tremendous upside in a desirable setting. Bring your imagination and transform this property into something truly special!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 624 | 1,672 |
| Lot Size | 6,750 | 6,067 |
| Price | $565.0K | $1.37M |
| Price per sq ft | $905 | $801 |
| Built year | 1927 | 1939 |
| HOA | $0 | $348 |
| Days on market | 5 | 56 |
Jul 17, 2026
$565,000
Initial Listing
Sep 17, 2021
$395,000
Public Record
Jul 10, 2006
$290,000
Public Record
Oct 3, 1994
$75,500
Public Record