9709 Maie Avenue, Los Angeles, California 90002, Los Angeles, 90002 - 2 bed, 2 bath
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Los Angeles, California 90002
This Value-Add Residential Asset offers a strategic acquisition opportunity in the Watts neighborhood with a List Price of $495,000. While positioned above the $423,417 Fair Market Value, the value is driven by the included adjoining 2,919 SF vacant lot, doubling the total land area for expansion. The existing 2-bedroom, 2-bathroom home features a private patio but carries a Condition Rating of 5, requiring a comprehensive "as-is" renovation. Located in the Los Angeles Unified district, this project provides significant development upside for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 9709 Maie Avenue Subject | $495,000* List Price | 2 | 2 | 1,020 | $415 | - |
A 8811 Holmes Sold | $400,000 | 3 | 1 | 894 | $447 | 0.6 mi |
B 9514 Juniper Street Sold | $560,000 | 3 | 2 | 1,140 | $491 | 0.7 mi |
C 1972 E 88th Sold | $560,000 | 3 | 1 | 893 | $627 | 0.8 mi |
D 10341 Croesus Avenue Sold | $538,000 | 4 | 2 | 1,235 | $436 | 0.7 mi |
E 9607 Evers Avenue Active Under Contract | $427,500 List Price | 3 | 2 | 1,160 | $369 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property is over 100 years old and the listing explicitly states it requires 'tender loving care' and is being sold in 'as-is' condition. The kitchen features outdated cabinetry and appliances with visible wear, and the property analysis highlights extensive deferred maintenance and potential permitting/compliance risks that necessitate substantial rehabilitation.
The sale includes an adjoining 2,919 SF vacant lot, effectively doubling the total land area and providing a rare opportunity for new construction, ADU development, or significant expansion.
Priced under $500,000 in the Los Angeles market, this property serves as an ideal project for investors or flippers looking to build equity through a comprehensive renovation.
The 1,020 square foot interior features a desirable 2-bedroom, 2-bathroom configuration, offering a solid foundation for a modern starter home or high-yield rental property.
The property was recently sold within the past year on 2025-05-14. The sold price is $420,000.00.
The property is sold in 'as-is' condition and requires significant 'tender loving care,' suggesting substantial deferred maintenance and the need for a large capital injection for repairs.
The listing requires buyers to verify building permits with the city, indicating potential issues with unpermitted work or historical compliance given the home's 1907 original construction date.
This home needs tender loving care. Originally built in 1902 but effective year built in 1920. Sold in its as is condition. Buyer to do due diligence, confirm with the building department for building permits. The adjoining vacant lot with same lot size of 2919 SF is for sale and must be sold together with the listed home. The vacant lot is on the south side of the subject house.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 37% |
| Baths | 2.0 | 1.0 | 52% |
| Square foot | 1,020 | 1,024 | 49% |
| Lot Size | 2,918 | 4,886 | 6% |
| Price | $495.0K | $600.0K | 27% |
| Price per sq ft | $485 | $579 | 30% |
| Built year | 1907 | 1939 | 2% |
| HOA | $0 | $0 | 50% |
| Days on market | 15 | 180 | 2% |
Apr 7, 2026
$495,000
Initial Listing
May 14, 2025
$420,000
Public Record