9229 Pace Avenue, Los Angeles, California 90002, Los Angeles, 90002 - 3 bed, 1 bath
ACTIVE UNDER CONTRACT$425,000
9229 Pace Avenue, Los Angeles, California 90002
3Beds
1Bath
1,024Sqft
4,760Lot
Year Built
1939
Close
-
List price
$425K
Original List price
$425K
Price/Sqft
$415
HOA
-
Days on market
-
Sold On
-
MLS number
25623641
Home ConditionPoor
Features
View-
About this home
Great Deal:The estimated price is 3% above the list price. We found 4 Cons,5 Pros. Rank: price - $425.0K(9th), sqft - 1024(46th), beds - 3(50th), baths - 1(48th).
Investor Special - Cash Only Sale.. This 3 bed 1 bath Bungalow offers an opportunity to create something truly unique. With classic character this home is a blank canvas ready to reimagined, redesigned and brought back to life. The possibilities for expansion or just a complete transformation are wide open. Buyer to conduct their own due diligence regarding permits, structure, square footage, and zoning.
Price History
Date
Event
Price
11/28/25
Listing
$425,000
Condition Rating
Poor
Built in 1939, this property is explicitly marketed as an 'Investor Special' and a 'blank canvas' requiring 'extensive renovation' and a 'complete transformation.' The 'Cash Only Sale' and 'Age-Related System Concerns' highlighted in the property analysis strongly indicate that major systems (plumbing, electrical, HVAC) are outdated and require significant updates. The exterior image shows an aged home with visible wear. Without interior photos, it's safe to assume the kitchen and single bathroom are original or very old, severely outdated, and in need of full replacement, aligning with the need for substantial repairs and rehabilitation.
Pros & Cons
Pros
Prime Los Angeles Location: Situated in Los Angeles, this property benefits from a high-demand market with strong potential for appreciation and rental income.
Significant Value-Add Potential: Described as a 'blank canvas' with 'possibilities for expansion or just a complete transformation,' offering substantial upside for renovation and customization.
Classic Architectural Character: Built in 1939, the bungalow possesses inherent classic character, appealing to buyers who appreciate historical charm and unique design.
Generous Lot Size: The 4760 sqft lot provides ample space for potential property expansion, landscaping, or creating desirable outdoor living areas.
Investor-Focused Opportunity: Explicitly marketed as an 'Investor Special,' indicating a clear path for experienced buyers to add significant value through renovation and resale or rental strategies.
Cons
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =4760, other record lot size in square feet = 4814.
Cash Only Sale & Extensive Renovation: The 'Cash Only Sale' requirement severely limits the buyer pool and implies substantial upfront financial investment for the necessary extensive renovations.
Limited Bathroom Count: With only one bathroom for three bedrooms, the property's functionality is constrained for modern living, likely necessitating an additional bathroom.
Age-Related System Concerns: Built in 1939, the home likely requires significant updates to outdated systems such as plumbing, electrical, and HVAC to meet current standards and preferences.