9614 Graham, Los Angeles, California 90002, Los Angeles, 90002 - bed, bath
ACTIVE$975,000$2,838/sqft
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:
Value-Add Investment Potential: Explicitly marketed as a 'value-add duplex opportunity' with 'significant upside potential' and a 'clear path to increasing cash flow through rental repositioning and strategic improvements' for seasoned investors.
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:$975.0K vs avg $937.0K (+$38,000)53%
Size:2,838 sqft vs avg 2,446 sqft53%
Price/sqft:$344 vs avg $34053%
More Insights
Built in 1950 (76 years old).
Condition: The property was built in 1950, making it 74 years old. While the description mentions a 'beautiful new remodel on the inside,' there are no interior images to verify the extent or recency of these renovations, particularly for the kitchen and bathrooms. The listing also explicitly notes 'Age of Property Infrastructure' as a weakness, suggesting that despite interior cosmetic updates, major systems (plumbing, electrical, HVAC) are likely outdated. The exterior appears maintained but is basic. Given the age of the property and the likely outdated major components, even with some interior updates, the overall condition leans towards 'Fair,' requiring minor updates or repairs to address the aging infrastructure.
Year Built
1950
Close
-
List price
$975K
Original List price
$975K
Price/Sqft
$344
HOA
-
Days on market
-
Sold On
-
MLS number
OC26004232
Home ConditionFair
Features
View-
About this home
9613 Graham Avenue is a rare value-add duplex opportunity in Los Angeles offering immediate income with significant upside potential with beautiful new remodel on the inside. Ideal for seasoned investors, this two-unit property presents a clear path to increasing cash flow through rental repositioning and strategic improvements. Each unit is separately metered with private entrances, allowing for efficient management and tenant appeal. The property sits on a sizable lot, creating potential for expansion, reconfiguration, or additional income opportunities (buyer to verify). Current rents are positioned below market, offering investors the ability to unlock value over time. Located in a high-demand rental corridor with proximity to major freeways, public transportation, employment hubs, and retail, this asset benefits from consistent tenant demand and long-term appreciation fundamentals. Perfect for buy-and-hold investors, value-add strategies, or 1031 exchange buyers seeking a reposition opportunity in a core Los Angeles market.
H
Hussein Hijazi
Listing Agent
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
The property was built in 1950, making it 74 years old. While the description mentions a 'beautiful new remodel on the inside,' there are no interior images to verify the extent or recency of these renovations, particularly for the kitchen and bathrooms. The listing also explicitly notes 'Age of Property Infrastructure' as a weakness, suggesting that despite interior cosmetic updates, major systems (plumbing, electrical, HVAC) are likely outdated. The exterior appears maintained but is basic. Given the age of the property and the likely outdated major components, even with some interior updates, the overall condition leans towards 'Fair,' requiring minor updates or repairs to address the aging infrastructure.
Pros & Cons
Pros
Value-Add Investment Potential: Explicitly marketed as a 'value-add duplex opportunity' with 'significant upside potential' and a 'clear path to increasing cash flow through rental repositioning and strategic improvements' for seasoned investors.
Immediate Income Generation: The property offers 'immediate income' upon acquisition, appealing to investors seeking cash flow from day one.
Operational Efficiency: Each unit is 'separately metered with private entrances,' simplifying tenant management, utility billing, and enhancing tenant appeal.
Strategic Location & Market Demand: Situated in a 'high-demand rental corridor' with excellent 'proximity to major freeways, public transportation, employment hubs, and retail,' ensuring consistent tenant demand and long-term appreciation fundamentals.
Expansion & Development Potential: The 'sizable lot' (6652 sqft) presents opportunities for 'expansion, reconfiguration, or additional income opportunities,' subject to buyer verification.
Cons
Recently Sold Property: The property was recently sold within the past year on 2025-04-23. The sold price is $785,000.00.
Underperforming Current Rents: Current rents are positioned below market, indicating that the property is not currently maximizing its income potential and requires active management to achieve market rates.
Age of Property Infrastructure: Despite a 'beautiful new remodel on the inside,' the 1950 construction year suggests potential for aging underlying infrastructure (e.g., plumbing, electrical, roof) that may require significant capital expenditures in the future.
Buyer Verification for Upside: While offering 'potential for expansion, reconfiguration, or additional income opportunities,' the description explicitly states '(buyer to verify),' placing the burden of extensive due diligence on the buyer to confirm feasibility and costs.