This property offers a fantastic investment opportunity with a total of 7 bedrooms and 4 bathrooms, all in great condition. While it requires basic cosmetic repairs such as fresh paint, landscaping, and fixture updates, the potential is substantial. The front unit features 4 bedrooms and 2 bathrooms, while the back unit, located above a 2-car garage, includes 3 bedrooms and 2 bathrooms. The property provides 5 parking spaces—3 carports and 2 separate garage spaces. There are two main entrances: one on the right, leading to the back unit, and one on the left, for the front unit. The two units are detached and do not share a wall, offering residents peace and privacy. A shared laundry room is conveniently located upstairs, next to the back unit, and easily accessible for both units. Each unit has the potential to be rented for $3,000 or more, making this property ideal for investors targeting one of Los Angeles' last affordable neighborhoods. This property is perfect for investors, whether you’re looking to make your first real estate investment or expand your portfolio. It’s also ideal for house hacking or implementing the BRRRR (Buy, Renovate, Refinance, Rent) strategy. The property is eligible for FHA financing due to its size. Upon entering, you’ll find a large front yard and a smaller yet spacious back yard. The front unit has two entrances—one at the front and another near the back of the house. There’s also potential to convert one of the carports into an additional bonus room, further increasing the property's value. This property can be delivered vacant, though it is currently tenant-occupied. Agents will assist with tenant relocation, making this an excellent opportunity for investors looking to renovate and revitalize the property. Don’t miss out on this incredible investment opportunity.
Property Details
Property Features
Property Information:
Year Built: 1950
Stories: 2
Listing Office:
Office Name: Las Casas Realty, Inc.
Office Phone: (818) 808-3966
Listing Agent: Yefree Montoya
Exterior Features
Exterior Information:
Private Pool: No
Parking Information:
Garage Space: 2 spaces
Lot Features
Lot Information:
Lot: Rectangular Lot
Lot Size: 0.15 Acres
Utilities
Utilities Information:
Heating: Central
Other
Directions Information:
Directions: Graham and 97th
Price Information
Listing Price Info
Price Summary:
List Price: $780,000
Tax Information:
Annual Amount: $5,102
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $241.5K less than the Median Sold Price in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #GD24183696
Listing Office:
Office Name: Las Casas Realty, Inc.
Office Phone: (818) 808-3966
Listing Agent: Yefree Montoya
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/21/2024, 8:20:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Aug 26, 2004
Aug 26, 2004Home Sold
$280,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$5,102
$360,556
2020
$4,959
$356,860
2019
$4,803
$349,863
2018
$4,700
$343,004
2017
$4,700
$336,279
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$3,960
Per Month
Principal & Interest
$3,893
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$2,405
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
3
/10
96th Street STEAM Academy
1471 E 96th St
Distance between this listing and this school0.35 miles
Public District Grades KG-6
6
/10
92nd Street Elementary STEAM Academy
9211 Grape St
Distance between this listing and this school0.45 miles
Public District Grades KG-6
2
/10
Florence Griffith Joyner Elementary
1963 E 103rd St
Distance between this listing and this school0.46 miles
Public District Grades KG-5
Nearby Schools
2
/10
Edwin Markham Middle School
1650 E 104th St
Distance between this listing and this school0.54 miles
Public District Grades 6-8
2
/10
Drew Middle School
8511 Compton Ave
Distance between this listing and this school0.96 miles
Public District Grades 7-8
6
/10
Animo Florence-Firestone Charter Middle School
8255 Beach St
Distance between this listing and this school1.00 miles
Public Charter Grades 6-8
Nearby Schools
2
/10
College Bridge Academy
1827 E 103rd St
Distance between this listing and this school0.39 miles
Public Charter Grades 9-12
2
/10
Dorothy V. Johnson Community Day
10601 Grandee Ave
Distance between this listing and this school0.65 miles
Public District Grades 9-12
4
/10
Alliance Cindy and Bill Simon Technology Academy High School
10720 Wilmington Ave
Distance between this listing and this school0.72 miles
The neighbors living near this home have an average income of $35,610. The most common annual income of people living in Los Angeles, CA is less than $35k. Most families are single, with kids. Typical level of education for residents in this area is high school diploma.
This home is located at 9614 Graham Ave in Los Angeles, CA and zip code 90002 in the South LA neighborhood. This home, which was built in 1950, sits on a 0.15 acre lot. It has been listed on Rocket Homes since September 11, 2024 and is currently priced at $780,000.
In November 2024, from all listings sold in Los Angeles, CA there were more than 512 sold above asking price, over 657 sold below and more than 177 were sold right at the asked price. The number of homes for sale in Los Angeles, CA decreased by 0.6% between October 2024 and November 2024. The median list price of listings available in November 2024 was $1,021,532, while the average time on the real estate market was 38 days.
From Rocket Homes Real Estate and based on county public records data.