8624 Graham Avenue, Los Angeles, California 90002, Los Angeles, 90002 - bed, bath
ACTIVE$974,900
8624 Graham Avenue, Los Angeles, California 90002
0Bed
0Bath
3,000Sqft
3,400Lot
Year Built
2025
Close
-
List price
$975K
Original List price
$975K
Price/Sqft
$325
HOA
-
Days on market
-
Sold On
-
MLS number
DW25240834
Home ConditionExcellent
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $974.9K(83th), sqft - 3000(75th), beds - undefined(50th), baths - undefined(50th).
NEW CONSTRUCTION!!!! NEW MODERN 2 STORY DUPLEX . AMAZING 10 % CAP RETURN IF YOU RENT BOTH UNITS... EACH UNIT COMES WITH 4 SPACIOUS BEDROOMS AND 3 BATHS. 2 MASTER SUITES, INSIDE LAUNDRY, LAMINATED FLOORS THRU OUT, AC/MINI SPLITS, ALL ELECTRICAL UNITS, BUILT IN APPLIANCES. PAID OFF SOLAR PANELS TO HELP FOR THAT ELECTRICITY BILL. THESE UNITS HAVE A POTENTIAL TO BE BREAD AND BUTTTER WITH EXTRA MONTHLY INCOME AS EACH UNIT CAN BE RENTED FOR $ 4,500 A MONTH. GREAT LOCATION, BORDER LINE SOUTH GATE, WALKING DISTANCE TO METRO STATION. 20 MINUTES FROM LAX, SOFI STADIUM AND DOWNTOWN!.......FHA READY , SUBMIT ALL OFFERS
Price History
Date
Event
Price
10/16/25
Listing
$974,900
12/29/23
Sold
$585,000
03/31/23
Sold
$2,250,000
Condition Rating
Excellent
This property is explicitly listed as 'NEW CONSTRUCTION' with a 'Year Built' of 2025, making it brand new. The images confirm a modern aesthetic with new white shaker cabinets, stainless steel appliances (including a stylish turquoise range), light laminate flooring, recessed lighting, and contemporary fixtures. The description also highlights new AC/mini splits, all new electrical units, built-in appliances, and paid-off solar panels, indicating top-tier, current-standard systems and finishes throughout. There is no deferred maintenance or physical depreciation, aligning perfectly with the 'excellent' condition criteria.
Pros & Cons
Pros
Brand New Construction: As a new construction property (Year Built: 2025), it offers modern design, up-to-date building codes, and minimal immediate maintenance concerns, appealing to both owners and tenants.
Exceptional Income Potential: The property boasts an 'AMAZING 10% CAP RETURN' if both units are rented, with each unit projected to fetch $4,500 a month, making it a strong income-generating investment.
Energy Efficiency & Cost Savings: Equipped with paid-off solar panels, the property offers significant long-term electricity cost savings, enhancing profitability for investors and reducing utility burdens for tenants.
Modern & Spacious Units: Each unit features 4 spacious bedrooms, 3 baths, 2 master suites, inside laundry, laminated floors, AC/mini splits, and built-in appliances, providing comfortable and contemporary living spaces.
Strategic Location & Accessibility: Located on the borderline of South Gate, within walking distance to a Metro station, and just 20 minutes from LAX, SoFi Stadium, and Downtown LA, offering excellent connectivity and convenience.
Cons
Neighborhood Perception: While convenient, the specific location on Graham Avenue in Los Angeles 90002, bordering South Gate, might carry a perception for some buyers or renters that could impact long-term appreciation or tenant pool desirability.
Limited Parking & Outdoor Space: With a 3400 sqft lot for a two-unit, 8-bedroom property, dedicated private outdoor space for each unit and ample, covered parking are likely limited or absent, which can be a significant drawback in Los Angeles.
High Reliance on Rental Projections: The attractive 10% CAP rate is heavily dependent on achieving the projected $4,500 per unit rental income. Any deviation from these projections, such as vacancies or lower market rents, would significantly impact the advertised return on investment.