9513 Grape, Los Angeles, California 90002, Los Angeles, 90002 - 2 bed, 1 bath
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Los Angeles, California 90002
This Value-Add Residential Asset is listed at $549,000, currently positioned above its $434,829 Fair Market Value. Marketed as a strategic entry point, the property carries a Poor Condition Rating and requires a comprehensive overhaul of its 1950s systems. However, the 3,376 sqft lot and Neighborhood View provide a solid foundation for forced appreciation in a high-demand area. Located within the Los Angeles Unified district, the site offers significant potential for expansion or rental income optimization. This project is ideally suited for Buy-and-Hold Investors or first-time buyers ready to execute a full-scale renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 9513 Grape Subject | $549,000* List Price | 2 | 1 | 722 | $602 | - |
A 10618 Grape Sold | $469,000 | 3 | 1 | 700 | $670 | 0.8 mi |
B 1972 E 88th Sold | $560,000 | 3 | 1 | 893 | $627 | 0.5 mi |
C 8637 Holmes Pending | $510,000 List Price | 2 | 1 | 760 | $671 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1950, this property is over 70 years old with no indication of recent major renovations. The MLS listing explicitly notes the 'Age of Property' as a weakness, suggesting major systems (plumbing, electrical, HVAC) and finishes are likely original or outdated, requiring significant capital investment. The single exterior image shows a dated appearance with visible wear and tear (cracked driveway, exposed wiring). Without interior photos, particularly of the kitchen and bathroom, it's reasonable to infer these areas are also severely outdated and would require substantial repairs and rehabilitation to meet current standards, aligning with the 'Poor' condition criteria and the listing's appeal to 'INVESTORS' and 'First time home buyers' looking for a value-add opportunity.
Situated in Los Angeles (90002), a high-demand metropolitan area known for strong real estate appreciation and rental markets.
Explicitly marketed towards 'INVESTORS' and 'First time home buyers,' indicating potential for value-add, rental income, or an accessible entry point into the LA market.
The 3,376 sqft lot provides ample outdoor space for expansion, landscaping, or creating desirable outdoor living areas, a valuable asset in urban settings.
With only 722 sqft, the property offers very limited interior living space, which may not accommodate growing families or buyers seeking more room.
Built in 1950, the home is over 70 years old, suggesting that major systems (plumbing, electrical, HVAC) and finishes may be original or outdated, potentially requiring significant capital investment for renovations.
The 2-bedroom, 1-bathroom configuration offers limited functionality and may restrict appeal to a broader range of buyers, particularly those needing more space or amenities.
INVESTORS!! First time home buyers!!! Perfect opportunity!!! Hurry !!!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 37% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 722 | 1,024 | 14% |
| Lot Size | 3,376 | 4,886 | 22% |
| Price | $549.0K | $600.0K | 35% |
| Price per sq ft | $760 | $585 | 94% |
| Built year | 1950 | 1939 | 73% |
| HOA | $0 | $0 | 50% |
| Days on market | 179 | 180 | 49% |
Dec 22, 2025
$549,000
$515,000
+7% Price Increase
Initial Listing
Oct 25, 2025
$515,000
Initial Listing
Jan 19, 2018
$340,000
Public Record
Jan 15, 2013
$77,000
Public Record
Feb 4, 1999
$106,000
Public Record