9430 Parmelee Avenue, Los Angeles, California 90002, Los Angeles, 90002 - 4 bed, 2 bath

9430 Parmelee Avenue, Los Angeles, California 90002 home-pic-0
ACTIVE$649,000
9430 Parmelee Avenue, Los Angeles, California 90002
4Beds
2Baths
1,820Sqft
4,701Lot
Year Built
1960
Close
-
List price
$649K
Original List price
$649K
Price/Sqft
$357
HOA
-
Days on market
-
Sold On
-
MLS number
DW25176964
Home ConditionFair
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $649.0K(42th), sqft - 1820(50th), beds - 4(75th), baths - 2(75th).

**Back on the market due to no fault to seller** Welcome to 9430 Parmelee Ave, an exceptional opportunity in one of Los Angeles’ fastest-growing areas. This duplex features two spacious units, each offering 2 bedrooms and 1 bathroom, perfect for first time homebuyers or an investor seeking strong income potential. Adding to its value, the property includes a detached garage with excellent potential—ideal for secure parking, extra storage, or even a possible conversion into a third income-producing unit (ADU). Located in a highly accessible area, this property is just minutes from SoFi Stadium, BMO Stadium, the Los Angeles Memorial Coliseum, and major freeways including the 110, 105, and 710. Nearby parks, schools, public transit, and local dining add to the convenience and appeal for future tenants or homeowners. This is a rare chance to own a versatile property in a prime location where opportunities like this don’t last long !

Price History

Date
Event
Price
08/06/25
Listing
$649,000
03/18/10
Sold
$260,000
08/17/09
Sold
$120,000
Condition Rating
Fair

The property was built in 1960, making it over 60 years old. While some cosmetic updates are visible, such as laminate flooring in one unit, recessed lighting, and a newer bathroom vanity, these appear to be minor, piecemeal improvements rather than a comprehensive renovation. The overall aesthetic, including the exterior, security bars on windows, and potentially older kitchen cabinetry (glimpsed in one image), indicates an aged home that has been maintained but shows clear signs of being outdated. It requires minor updates to meet current standards.
Pros & Cons

Pros

Strong Income Potential: As a duplex with two 2-bedroom, 1-bathroom units, this property offers excellent income potential for investors or owner-occupiers looking to offset mortgage costs.
ADU Conversion Opportunity: The detached garage presents a significant value-add opportunity for conversion into a third income-producing Accessory Dwelling Unit (ADU), further enhancing rental revenue.
Prime & Accessible Location: Located in a fast-growing area of Los Angeles, the property boasts exceptional accessibility to major freeways (110, 105, 710) and is minutes from key attractions like SoFi Stadium, BMO Stadium, and the LA Memorial Coliseum.
Broad Market Appeal: The versatile nature of a duplex, combined with its location and income potential, makes it attractive to both first-time homebuyers and seasoned real estate investors.
Proximity to Amenities: Conveniently situated near parks, schools, public transit, and local dining, enhancing the quality of life for residents and increasing tenant desirability.

Cons

Age of Property: Built in 1960, the property may have original systems (plumbing, electrical, HVAC) and finishes that could require significant capital investment for updates and modernization to maximize rental value or appeal.
Unspecified Condition/Renovations: The listing does not detail any recent renovations or upgrades, suggesting the units might be dated and require substantial cosmetic and functional improvements to meet current market expectations.
Back on Market Status: While stated as 'no fault to seller,' a property returning to the market can sometimes raise buyer concerns or questions, potentially impacting perceived value or requiring additional due diligence.

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