9920 Graham, Los Angeles, California 90002, Los Angeles, 90002 - 2 bed, 1 bath
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Los Angeles, California 90002
This Value-Add Development Asset is listed at $649,900, representing a strategic acquisition for its significant land utility despite the $527,803 Fair Market Value. The property’s core value is anchored in its LAR2 Zoning and unique 2 Lots in 1 Parcel designation on a generous 6,653 Sq Ft Lot in Southwest Los Angeles. With a Condition Rating of 6, the 1949 structure is positioned for a full teardown or major redevelopment to maximize density within the Los Angeles Unified district. This high-upside project is an ideal match for Fix-and-Flip Investors or Contractors looking to capitalize on multi-unit potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 9920 Graham Subject | $649,900* List Price | 2 | 1 | 1,076 | $491 | - |
A 914 E 93rd Street Sold | $460,000 | 2 | 1 | 1,080 | $426 | 1.0 mi |
B 926 East 97th Street Sold | $530,000 | 2 | 1 | 924 | $574 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1949 with no recorded renovations, the property is over 75 years old. The listing explicitly targets investors and emphasizes land value and LAR2 zoning rather than the dwelling, indicating the structure is likely at the end of its functional life.
The LAR2 zoning and '2 lots in 1 parcel' designation provide a significant opportunity for multi-unit development or adding ADUs to maximize rental income.
At 6,653 square feet, the lot is substantially larger than many standard urban parcels, offering ample space for expansion or new construction.
Specifically marketed for investors, this property offers high value-add potential through redevelopment in a high-demand Los Angeles submarket.
With only 2 bedrooms and 1 bathroom across 1,076 square feet, the current structure is small and likely requires a full renovation or teardown.
The property lacks scenic views and modern amenities, indicating that the primary value lies in the land rather than the existing residence.
INVESTORS WANTED!!!! 2 LOTS IN 1 PARCEL. ZONING IS LAR2.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 36% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 1,076 | 1,025.5 | 55% |
| Lot Size | 6,653 | 5,027 | 91% |
| Price | $649.9K | $601.0K | 68% |
| Price per sq ft | $604 | $582 | 58% |
| Built year | 1949 | 1939 | 73% |
| HOA | $0 | $0 | 50% |
| Days on market | 4 | 182 | 2% |
Apr 27, 2026
$649,900
Initial Listing
May 7, 2007
$425,000
Public Record