9613 Laurel Street, Los Angeles, California 90002, Los Angeles, 90002 - 2 bed, 1 bath
ACTIVE$425,000
9613 Laurel Street, Los Angeles, California 90002
2Beds
1Bath
864Sqft
6,801Lot
Year Built
1914
Close
-
List price
$425K
Original List price
$505K
Price/Sqft
$492
HOA
-
Days on market
-
Sold On
-
MLS number
SR24245517
Home ConditionTear down
Features
View-
About this home
Possibly Over-Priced:The estimated price is 18% below the list price. We found 3 Cons,5 Pros. Rank: price - $425.0K(9th), sqft - 864(29th), beds - 2(36th), baths - 1(48th).
INVESTOR/BUSINESS OPPORTUNITY! Zoned LCM1 - Limited Commercial Manufacturing. Current use is a single family home but the lot has special use benefits. Located next to Freedom Plaza near Alameda and 97th Street. Property is being sold as-is. Buyer is advised to verify all information.
Price History
Date
Event
Price
08/26/25
Price Change
$425,000
12/06/24
Listing
$505,000
10/21/09
Sold
$82,000
01/16/07
Sold
$389,000
05/10/06
Sold
$150,000
Condition Rating
Tear down
The property was built in 1914, making it 110 years old. The listing explicitly states it is being sold 'as-is' and emphasizes its 'INVESTOR/BUSINESS OPPORTUNITY!' with special zoning, strongly suggesting the value lies in the land for redevelopment. The exterior image reveals significant neglect, exposed wiring, and a generally dilapidated appearance, indicating the structure is likely beyond repair or requires extensive rehabilitation, rendering it unlivable in its current state. The absence of interior photos further supports the assumption of very poor internal condition, including the kitchen and bathroom.
Pros & Cons
Pros
Commercial Zoning (LCM1): The property boasts Limited Commercial Manufacturing (LCM1) zoning, explicitly marketed as an 'INVESTOR/BUSINESS OPPORTUNITY!' with special use benefits, opening diverse development possibilities.
Generous Lot Size: A substantial 6,801 sqft lot provides ample space for potential commercial development, expansion, or repurposing, maximizing the value of its unique zoning.
Significant Price Adjustment: A substantial price reduction from $505,000 to $425,000 indicates increased seller motivation and presents a more attractive entry point for potential buyers.
Strategic Location: Situated next to Freedom Plaza near Alameda and 97th Street, the property benefits from a location with potential for commercial visibility and accessibility.
Development Flexibility: The combination of commercial zoning and a sizable lot offers significant flexibility for investors to either redevelop the site or adapt the existing structure for business use.
Cons
As-Is Condition & Age: Being sold 'as-is' and built in 1914, the property likely requires significant capital investment for renovations, repairs, or potential demolition to meet modern standards or commercial needs.
Overpriced Relative to Market Estimate: The current listing price of $425,000 is 12% higher than the estimated market value of $369,774, suggesting it may still be overvalued according to current market analytics.
Limited Residential Appeal: With only 864 sqft and an older construction, the property has limited appeal as a traditional single-family residence, narrowing the potential buyer pool primarily to investors or developers.