9809 Avalon, Los Angeles, California 90003, Los Angeles, 90003 - 0 bed, 0 bath
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Los Angeles, California 90003
This property presents a High-Potential Investment Opportunity with a List Price of $624,900—positioned well below the $628,533 Fair Market Value by 0.58%. This Quadruplex asset features four 1-bedroom units and five garage spaces on an 8,081 sqft lot. Given the Condition Rating of 5, the property requires a total gut rehabilitation. This is a high-risk, high-reward acquisition ideal for Buy-and-Hold Investors or experienced developers capable of managing significant renovation and relocation requirements.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 9809 Avalon Subject | $624,900* List Price | 0 | 0 | 2,605 | $241 | - |
A 9618 S Figueroa Street Sold | $540,000 | 0 | 0 | 2,520 | $214 | 1.0 mi |
B 213 E 87th Pl Sold | $739,000 | 0 | 0 | 2,723 | $271 | 0.8 mi |
C 146 E 89th Street Sold | $790,000 | 0 | 0 | 3,522 | $224 | 0.7 mi |
D 231 W 88th Street Sold | $480,000 | 0 | 0 | 1,907 | $252 | 1.0 mi |
E 231 W 88th Street Sold | $480,000 | 4 | 3 | 1,907 | $252 | 1.0 mi |
F 9223 S San Pedro Active | $589,000 List Price | 0 | 0 | 1,934 | $305 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1954 (>70 years old) with no evidence of renovations. The property is a bank-owned REO sold 'as-is' and 'site unseen' for cash only, which strongly indicates significant deferred maintenance, likely safety or structural defects, and the need for a total gut rehabilitation of all four units.
As a quadruplex featuring four 1-bedroom units, this property offers a classic high-density residential investment opportunity with multiple revenue streams in a central Los Angeles location.
The inclusion of five garage spaces for a four-unit building is a significant value-add in Los Angeles, providing a rare amenity that can drive higher rental demand or generate additional storage income.
The 8,081 sqft lot features two separate buildings and rear alley access, offering a layout that enhances tenant privacy and provides potential for future ADU development or expansion.
The requirement for a cash-only, sight-unseen purchase without inspections or appraisals creates a high-risk environment regarding the unknown physical and structural condition of the interiors.
The buyer assumes full responsibility for all relocation and renovation expenses, implying potential occupancy challenges or legal hurdles that could require substantial immediate capital after closing.
REO! BANK OWNED! SOLD STRICTLY AS IS! FOUR PLEX, FOUR ONE BED, ONE BATH UNITS, AND FIVE GARAGE SPACES UNDER TWO UNITS ABOVE IN REAR, AND TWO UNITS IN FRONT, TWO SEPARATE BUILDINGS, BACK ALLEY ACCESS, CONVENIENT CENTRAL LOCATION! PLEASE DO NOT DISTURB! BUYER TO PURCHASE THE PROPERTY SITE UNSEEN, NO INSPECTIONS, NO APPRAISAL, CASH ONLY! BUYER TO BE RESPONSIBLE AFTER CLOSE OF ESCROW AT BUYER'S EXPENSE REGARDING ANY RELOCATION AND/OR RENOVATION EXPENSES.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,605 | 2,385 | 58% |
| Lot Size | 8,081 | 5,278.5 | 97% |
| Price | $624.9K | $755.0K | 25% |
| Price per sq ft | $240 | $340 | 19% |
| Built year | 1954 | 1934 | 64% |
| HOA | $0 | $0 | 50% |
| Days on market | 17 | 199 | 3% |
May 28, 2026
$624,900
Initial Listing
Aug 28, 2020
$730,000
Public Record
Dec 27, 2013
$350,000
Public Record
Aug 18, 2004
$310,000
Public Record