9809 Avalon, Los Angeles, California 90003, Los Angeles, 90003 - 0 bed, 0 bath
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Los Angeles, California 90003
This High-Potential Investment Opportunity is a Quadruplex listed at $595,500—positioned well below the $603,784 Fair Market Value by 1%. This valuation gap offers $8,284 in Instant Equity. Featuring a 5 Condition Rating and significant regulatory requirements, this asset demands an experienced hand to navigate the REAP program and rent control. With an 8,081 sqft lot and five covered garage spots, it is a prime candidate for value-add development. This is an ideal acquisition for Buy-and-Hold Investors or Experienced Developers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 9809 Avalon Subject | $595,500* List Price | 0 | 0 | 2,605 | $232 | - |
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 |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1954 (>70 years old) with no evidence of recent renovations. The property is currently in the City of Los Angeles REAP program, which signifies severe health, safety, or habitability violations. Sold 'as-is' for cash only with no inspections allowed, indicating significant deferred maintenance and structural/system rehab requirements.
The oversized 8,081 square foot lot on Avalon Blvd offers substantial room for value-add improvements or potential redevelopment in a high-demand South LA corridor.
Ideally situated with proximity to SOFI Stadium, LAX, and Playa Del Rey, the property is well-positioned to benefit from regional growth and high tenant demand.
The inclusion of five covered garage spots for a four-unit building is a rare and valuable asset in Los Angeles, significantly increasing the property's marketability to future renters.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2, other record living area = 2605.
The property is currently in the City of Los Angeles REAP program and under rent control, signaling significant existing code violations and complex legal management requirements.
The requirement for a cash-only, 'As-Is' purchase without inspections or appraisals creates a high-risk entry barrier that limits the buyer pool to experienced investors.
Here is a great investment opportunity to add to your portfolio!!! Green Meadows location, South LA, just a short drive to SOFI Stadium, LAX, and Playa Del Rey beach! Purchase this four unit building on a super sized lot with 4 one bedroom units and five covered garage spots! The front grassy yard is phenominal giving plenty of space for residents to enjoy outdoor space. This property is lender owned, sold AS IS! No inspections, no appraisal, cash purchase. This property is subject to city of Los Angeles Housing Department,program, REAP and rent control. Buyer to be responsible for occupancy after the close of escrow at buyer's expense. On an over 8,000 square foot lot in this location on Avalon Blvd. with a combination of commercial and residential nearby, this property is prime to improve and create an even better investment/development.Please do not trespass or disturb occupants.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 5.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 2,605 | 2,250 |
| Lot Size | 8,081 | 5,864 |
| Price | $595.5K | $826.7K |
| Price per sq ft | $229 | $395 |
| Built year | 1954 | 1925 |
| HOA | $0 | $0 |
| Days on market | 8 | 83 |
Jul 14, 2026
$595,500
Initial Listing
Aug 28, 2020
$730,000
Public Record
Dec 27, 2013
$350,000
Public Record
Aug 18, 2004
$310,000
Public Record