9735 Wheatland Avenue, Los Angeles, California 91040, Los Angeles, 91040 - 4 bed, 2 bath
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9735 Wheatland Avenue
Los Angeles, California 91040
ACTIVE UNDER CONTRACT
CONDITION: POOR
4Beds
2Baths
1,847Sq Ft
44,866.801Lot Size
Property Price
LIST PRICE$999,999
EST. MARKET VALUE
$1,009,093
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $999,999—positioned well below the $1,009,093 Fair Market Value by 0.9%. Featuring three residential units and equestrian zoning on a 1.03-acre lot, this asset offers significant rental income potential. While the Condition Rating of 5 necessitates rehabilitation, the expansive lot and scenic hill views provide a foundation for forced appreciation. This is a strategic acquisition ideal for Buy-and-Hold Investors or Contractors seeking a value-add multi-unit project.
Estimated Market Value
$1,009,093
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 9735 Wheatland Avenue Subject 4 bd · 2 ba · 1,847 sqft · $546 | $999,999* List Price | 4 | 2 | 1,847 | $546 | - |
A 9900 Sunland Boulevard Active 4 bd · 5 ba · 1,641 sqft · $606 · 0.7 mi | $995,000 List Price | 4 | 5 | 1,641 | $606 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1923, this century-old property is explicitly described as needing rehabilitation and repairs for the main residence. The age exceeds 30-50 years without evidence of recent major renovations, indicating likely outdated systems and structural needs consistent with a rehab project.
PROSSTRENGTHS & OPPORTUNITIES
- Multi-Unit Income Potential
The property features three separate residential units, offering a versatile opportunity for significant rental income or a multi-generational living arrangement.
- Equestrian Facilities & Zoning
Situated on a rare 1.03-acre lot zoned for equestrian use, the property includes a four-stall horse barn, catering to a niche and desirable lifestyle market in Shadow Hills.
- Expansive Lot & Views
The oversized lot provides ample space for development and privacy, complemented by scenic hill views that enhance the overall rural-in-the-city atmosphere.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =44866, other record lot size in square feet = 44765.
- Significant Rehabilitation Needed
The main residence requires extensive repairs and rehabilitation, necessitating a substantial upfront capital investment from the buyer.
- Aging Infrastructure
Built in 1923, the property likely requires comprehensive updates to major systems such as plumbing and electrical to meet modern safety standards and building codes.
About 9735 Wheatland Avenue
Rare opportunity to own a unique ranch property in Shadow Hills. Situated on an 1.03-acre lot zoned for equestrian use, the property features three residential units, a four-stall horse barn, and a detached two-car garage. The main residence offers approximately 1,155 sq. ft. of living space with 2 bedrooms and 1 bathroom and is in need of rehabilitation and repairs. A second unit offers approximately 672 sq. ft. of living space with 1 bedroom, 1 bathroom, and its own indoor laundry. A third unit features approximately 580 sq. ft. of living space with 1 bedroom, 1 bath, and its own dedicated laundry area.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1923
- Lot Size
- 44,866.801 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.5 |
| Baths | 2.0 | 2.9 |
| Square foot | 1,847 | 2,090.331 |
| Lot Size | 44,866.801 | 5,852.908 |
| Price | $1000.0K | $830.9K |
| Price per sq ft | $541 | $394 |
| Built year | 1923 | 1928 |
| HOA | $0 | $0 |
| Days on market | 12 | 87 |
Pricing History
Listed for Sale
Oct 28, 2026
$999,999
Initial Listing