9500 Croesus Avenue, Los Angeles, California 90002, Los Angeles, 90002 - 3 bed, 1 bath
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Los Angeles, California 90002
This property presents a High-Potential Investment Opportunity with a List Price of $560,000—positioned well above the $452,636 Fair Market Value by -23%. Featuring a Condition Rating of 5, the home requires significant capital expenditure to address its unpermitted conversions and dated systems. The versatile layout, including a converted garage and rear studio, offers clear value-add potential for rental income. This asset is best suited for Buy-and-Hold Investors or Contractors capable of navigating permit compliance and executing a comprehensive renovation strategy.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 9500 Croesus Avenue Subject | $560,000* List Price | 3 | 1 | 912 | $540 | - |
A 1972 E 88th Sold | $560,000 | 3 | 1 | 893 | $627 | 0.5 mi |
B 8811 Holmes Sold | $400,000 | 3 | 1 | 894 | $447 | 0.6 mi |
C 9622 Evers Sold | $545,000 | 3 | 2 | 1,020 | $534 | 0.8 mi |
D 9514 Juniper Street Sold | $560,000 | 3 | 2 | 1,140 | $491 | 0.1 mi |
E 8637 Holmes Sold | $415,000 | 2 | 1 | 760 | $546 | 0.7 mi |
F 9603 Holmes Avenue Sold | $485,000 | 2 | 1 | 723 | $671 | 0.4 mi |
G 2160 E 105th Sold | $550,000 | 3 | 2 | 1,200 | $458 | 0.7 mi |
H 10618 Grape Sold | $469,000 | 3 | 1 | 700 | $670 | 0.8 mi |
I 10323 Hickory Active | $510,000 List Price | 3 | 2 | 1,140 | $447 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1958 (68 years old) with no evidence of recent renovations. The listing describes unpermitted conversions and suggests the buyer 'make it your own,' indicating the property likely requires significant rehab and updates to systems and interiors to meet modern safety and aesthetic standards.
The property includes a converted garage and an attached rear studio, providing significant flexibility for use as a home office, guest quarters, or potential rental opportunities.
Ideally situated with convenient access to major freeways, local schools, shopping centers, and dining, making it an attractive option for commuters and families.
Priced competitively for the Los Angeles market, this home offers a viable entry point for first-time buyers or investors looking to build equity in an established neighborhood.
The garage conversion and attached studio have unknown permit status, which may present challenges for financing, insurance, or future code compliance.
With three bedrooms but only one bathroom, the property's functional layout may be restrictive for larger households and could impact overall resale value.
Welcome to 9500 Croesus Ave! This 3-bedroom, 1-bath home offers flexibility and value with a converted garage currently used as an additional room and a attached studio at the rear of the property (permits unknown; buyer to verify). Ideally situated near schools, shopping centers, dining, and convenient freeway access. Whether you're looking for extra space, a home office, or potential rental opportunities, this property offers a variety of possibilities. Don't miss this opportunity to make it your own!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 912 | 1,672 |
| Lot Size | 3,342 | 6,067 |
| Price | $560.0K | $1.37M |
| Price per sq ft | $614 | $801 |
| Built year | 1958 | 1939 |
| HOA | $0 | $348 |
| Days on market | 42 | 56 |
Jun 10, 2026
$560,000
Initial Listing
Oct 15, 2010
$103,000
Public Record
Sep 1, 2004
$215,000
Public Record