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Sold for $940,000
  • Listed by: Redfin Corporation • Venus Martinez • Contact: 562-201-3772
    Bought with: Coldwell Banker Realty
    $940,000

    9308 Holmes Ave, Los Angeles, CA 90002

    6beds
    5baths
    2,552sqft
    Mixed Use
    Built in 1955
    -- sqft lot
    $995,000 Zestimate®
    $368/sqft
    $2,890 Estimated rent

    Home value

    $995,000

    $925,000 - $1.07M

    $2,890/mo

    Zestimate® history
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    What's special

    Investment Opportunity: Rare - to be delivered Vacant 5-Unit Property in Los Angeles - Welcome to an exceptional investment opportunity in the heart of Los Angeles! This unique property presents a rare chance to acquire a vacant 5-unit building, making it an enticing prospect for seasoned investors and first-time buyers alike. Opportunities like this are hard to come by! All 5 units, including the main house, 2 Bedroom and four 1-bedroom units, will be delivered vacant, Proposed vacancy will be October 1st providing immense potential for immediate occupancy, renovation, or redevelopment. Prime Location: Situated in one of the most sought-after neighborhoods of Los Angeles, this property enjoys excellent access to essential amenities, public transportation, schools, parks, entertainment, and renowned dining options. Diverse Rental Potential: With a mix of 4 - 1-bedroom and 1 - 2-bedroom unit, this property caters to a wide range of tenants, including young professionals, small families, and students attending nearby educational institutions. Investment Flexibility: As a vacant property, you have the flexibility to renovate and upgrade units according to your preferences and market demands, maximizing rental income and overall property value. Income-Generating Potential: Los Angeles has a strong rental market, making this property an excellent income-generating asset for savvy investors seeking long-term returns. Development Opportunities: For investors with a vision, this property opens the door to potential development projects, such as expanding the existing structure or exploring other creative uses for the space. Don't miss out on this unique chance to secure a vacant 5-unit property in Los Angeles. Whether you're an experienced investor looking to add to your portfolio or a future landlord seeking a prime income-generating asset, this investment opportunity promises significant potential for growth and financial success.

    Zillow last checked:

    Listing updated:

    Listed by:

    Venus Martinez DRE #01206834 562-201-3772,

    Redfin Corporation

    Bought with:

    Esmeralda Castaneda, DRE #01302759

    Coldwell Banker Realty

    Source: CRMLS,MLS#: SB23143175MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 5
    Heating
    • Baseboard
    Cooling
    • None
    Appliances
    • Laundry: None
    Features
    • Flooring: Laminate
    • Has fireplace: No
    • Fireplace features: None
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 2,552
    • Total interior livable area: 2,552 sqft

    Property

    Parking
    • Total spaces: 6
    • Parking features: Assigned, Asphalt, Concrete, Driveway
    • Uncovered spaces: 6
    Features
    • Levels: Multi/Split
    • Entry location: side
    • Pool features: None
    • Spa features: None
    • Has view: Yes
    • View description: Neighborhood
    Lot
    • Size: 7,154 Square Feet
    • Features: 0-1 Unit/Acre
    Details
    • Parcel number: 6048033017
    • Zoning: LAR2
    • Special conditions: Trust

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Traditional
    • Property subtype: Mixed Use
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 1955

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Available, Electricity Connected, Sewer Available, Sewer Connected, Water Available, Water Connected

    Community & HOA

    Community
    • Features: Street Lights, Urban
    Location
    • Region: Los Angeles

    Financial & listing details

    • Price per square foot: $368/sqft
    • Tax assessed value: $958,800
    • Annual tax amount: $12,836
    • Date on market: 8/3/2023
    • Cumulative days on market: 15 days
    • Listing terms: Submit
    • Total actual rent: 5595
    • Tenant pays: Cable TV, Electricity, Gas, Telephone

    Price history

    DateEventPrice
    2/12/2024Listing removed--
    Source: Zillow Rentals Report a problem
    1/22/2024Listed for rent$2,850$1/sqft
    Source: Zillow Rentals Report a problem
    1/11/2024Listing removed--
    Source: Zillow Rentals Report a problem
    12/14/2023Listed for rent$2,850+67.6%$1/sqft
    Source: Zillow Rentals Report a problem
    10/2/2023Sold$940,000$368/sqft
    Source: CRMLS #SB23143175 Report a problem
    3/22/2021Listing removed--
    Source: Owner Report a problem
    8/15/2019Listing removed$1,700$1/sqft
    Source: Owner Report a problem
    6/30/2019Price change$1,700+6.3%$1/sqft
    Source: Owner Report a problem
    6/23/2019Listed for rent$1,600$1/sqft
    Source: Loretta Matthews and Donna Olden, Agent Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$12,836 +1.4%$958,800 +2%
    2024$12,663 +11.5%$940,000 +12.9%
    2023$11,362 +4.5%$832,320 +856.3%
    2022$10,875 +364.6%$87,031 +2%
    2021$2,341 -0.3%$85,325 +1%
    2020$2,348 $84,451 +2%
    2019$2,348 +8.7%$82,796 +2%
    2018$2,159 $81,174 +2%
    2017$2,159 +4%$79,584 +2%
    2016$2,076 +3.5%$78,024 +1.5%
    2015$2,006 +0.2%$76,853 +2%
    2014$2,001 $75,349 +4.5%
    2011-- $72,099 +0.5%
    2009-- $71,732 +2%
    2008-- $70,326 +2%
    2007-- $68,948 +2%
    2005-- $67,597 +4%
    2004-- $64,974 +1.9%
    2003-- $63,784 +6.1%
    2000-- $60,108
    Find assessor info on the county website

    Neighborhood: Watts

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $995,000
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $995,000