9614 Graham, Los Angeles, California 90002, Los Angeles, 90002 - bed, bath
ACTIVE$999,000
9614 Graham, Los Angeles, California 90002
0Bed
0Bath
2,838Sqft
6,652Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Strong Income Potential: The property features two separate units, with one currently generating $3,800/month in rent and the other vacant, offering immediate rental income or owner-occupancy flexibility.
Top Cons:
Recently Sold Property: The property was recently sold within the past year on 2025-04-23. The sold price is $785,000.00.
Compared to the nearby listings
Price:$999.0K vs avg $845.0K (+$154,000)83%
Size:2,838 sqft vs avg 2,153 sqft75%
Price/sqft:$352 vs avg $35450%
More Insights
Built in 1950 (75 years old).
Condition: Built in 1950, this property is aged but appears to have received recent cosmetic updates in at least one unit, including fresh paint and new flooring (grey wood-look laminate in the main living area and kitchen, blue carpet in the bedroom). However, the kitchen is very basic with painted older cabinets, simple laminate countertops, and notably, *no visible appliances*, requiring immediate investment. While the roof is stated to be in good condition and a furnace is present, the overall systems are likely original or very old given the property's age, suggesting further updates will be needed beyond the cosmetic. The property is functional but shows clear signs of being outdated and requires minor updates and repairs, particularly in the kitchen.
Year Built
1950
Close
-
List price
$999K
Original List price
$999K
Price/Sqft
$352
HOA
-
Days on market
-
Sold On
-
MLS number
IV25249627
Home ConditionFair
Features
View-
About this home
BRING your Buyers, 2 Large separate homes on a lot, BOTH UNITS HAVE SEPARATE WATER METERS, which is UNUSUAL, plus they have separate Gas and Electric Meters, additionally they have 2 large 1 car Garages Plus Tucked parking for 4 cars, Roof appears to be in good condition, it had a 3rd Electric Meter, the assessor shows a Triplex, Buyer to investigate same, the 2 garages can possibly be converted to another unit or ADU, the Front Unit is 4br 2 Ba now Rented for 3,800.00 the other 3Br 2Ba is Vacant for an Owner Occupied Buyer, easy to show, SELLER WAITING FOR OFFERS to keep unit vacant. Repeat, One unit is Vacant easy to show, the other is also easy to show, very nice Tenants.
Price History
Date
Event
Price
04/23/25
Sold
$785,000
08/26/04
Sold
$280,000
06/13/03
Sold
$500
Condition Rating
Fair
Built in 1950, this property is aged but appears to have received recent cosmetic updates in at least one unit, including fresh paint and new flooring (grey wood-look laminate in the main living area and kitchen, blue carpet in the bedroom). However, the kitchen is very basic with painted older cabinets, simple laminate countertops, and notably, *no visible appliances*, requiring immediate investment. While the roof is stated to be in good condition and a furnace is present, the overall systems are likely original or very old given the property's age, suggesting further updates will be needed beyond the cosmetic. The property is functional but shows clear signs of being outdated and requires minor updates and repairs, particularly in the kitchen.
Pros & Cons
Pros
Strong Income Potential: The property features two separate units, with one currently generating $3,800/month in rent and the other vacant, offering immediate rental income or owner-occupancy flexibility.
Independent Utilities: Both units benefit from separate water, gas, and electric meters, simplifying utility management and tenant billing, which is a significant advantage for a multi-unit property.
ADU Conversion Potential: Two large 1-car garages present a strong opportunity for conversion into additional Accessory Dwelling Units (ADUs), subject to city approval, further enhancing income potential.
Ample Parking: The property offers substantial parking with two 1-car garages and additional tucked parking for 4 cars, a valuable asset in the Los Angeles area.
Good Roof Condition: The roof appears to be in good condition, suggesting a major capital expense may not be immediately required, providing peace of mind for a new owner.
Cons
Recently Sold Property: The property was recently sold within the past year on 2025-04-23. The sold price is $785,000.00.
Assessor Discrepancy: Public records indicate the property as a triplex, while it's marketed as a duplex. This discrepancy requires thorough buyer investigation to confirm legal status and potential permitting issues.
Property Age: Built in 1950, the property is over 70 years old, which may imply outdated systems (plumbing, electrical) and potential for deferred maintenance beyond the roof, requiring future investment.
Location Perception: Located in the Watts area of Los Angeles (90002), the neighborhood may carry historical perceptions that could influence buyer interest, despite ongoing community revitalization efforts.