2212 9th Avenue, Los Angeles, California 90018, Los Angeles, 90018 - bed, bath
ACTIVE$850,000
2212 9th Avenue, Los Angeles, California 90018
0Bed
0Bath
2,663Sqft
7,492Lot
Year Built
1921
Close
-
List price
$850K
Original List price
$895K
Price/Sqft
$319
HOA
-
Days on market
-
Sold On
-
MLS number
SR25044525
Home ConditionPoor
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $850.0K(62th), sqft - 2663(69th), beds - undefined(50th), baths - undefined(50th).
Looking for a great project with upside potential? Location, Location. 3 units, 2 units in the front and a detach unit in the back, besides two car garage, so bring your ADU plans to see if you can maximize the use of this spacious lot. The property is located in close proximity to the Exposition & Crenshaw Line to LAX, the 10 and 110 freeways, USC, Johnny's West Adams, Harold & Belle's, Highly Likely, Party Beer Co, Leimert Park & West Adams. This is an "as-is" sale.
Price History
Date
Event
Price
07/28/23
Sold
$715,500
Condition Rating
Poor
Built in 1921, this property is over a century old and explicitly marketed as an 'as-is' sale and a 'great project,' indicating extensive deferred maintenance. The images confirm this, showing extremely dated interiors. The kitchen features old cabinetry, basic sink, and outdated flooring, suggesting no significant updates in many decades. The bathroom is similarly very dated with old tile, fixtures, and flooring. The overall condition points to a need for substantial repairs, system upgrades, and full rehabilitation, aligning with the 'poor' classification.
Pros & Cons
Pros
Multi-Unit Income Property: The property is a triplex with 3 units (2 front, 1 detached rear), offering immediate rental income potential and diverse occupancy options.
Significant Development Potential: With a spacious 7,492 sqft lot and explicit mention of ADU potential, there's ample opportunity to maximize property use and increase value.
Strategic Location: Located in close proximity to the Exposition & Crenshaw Line, major freeways (10 & 110), USC, and popular West Adams/Leimert Park amenities, ensuring excellent connectivity and desirability.
Value-Add Opportunity: Marketed as a 'great project with upside potential,' this property offers significant equity growth through renovation, modernization, and strategic development.
Recent Price Adjustment: The list price has been reduced from $895,000 to $850,000, presenting a more competitive entry point for potential buyers.
Cons
As-Is Condition: The property is sold 'as-is,' indicating the seller will not undertake repairs, which may necessitate significant immediate investment from the buyer.
Age and Condition: Built in 1921, the property is over a century old, likely requiring extensive renovations, system upgrades, and addressing deferred maintenance.
Extensive Project Scope: Described as a 'great project,' it implies a substantial commitment of time, capital, and effort for renovation and development, potentially limiting the buyer pool.