2509 Raymond Avenue, Los Angeles, California 90007, Los Angeles, 90007 - 2 bed, 2 bath
ACTIVE UNDER CONTRACT$525,000
2509 Raymond Avenue, Los Angeles, California 90007
2Beds
2Baths
1,232Sqft
2,800Lot
Price Vs. Estimate
The estimated value ($431,108.88) is $93,891.12 (17%) lower than the list price ($525,000). This property may be overpriced.
Key pros and cons
Top Pros:
Strategic Location: The property's proximity to the USC patrol zone makes it highly attractive to students, faculty, or investors seeking rental income or convenient access to the university.
Top Cons:
Restrictive Offer Conditions: The 'Cash Offers Only and No Blind Offers' stipulation severely limits the potential buyer pool and often indicates underlying property condition or financing challenges.
Compared to the nearby listings
Price:$525.0K vs avg $820.0K ($-295,000)18%
Size:1,232 sqft vs avg 2,144 sqft36%
Price/sqft:$426 vs avg $46345%
More Insights
Built in 1908 (117 years old).
Condition: Built in 1908 with no apparent major renovations, this property is explicitly described as a 'blank canvas' requiring 'extensive renovation' and 'cash offers only,' indicating significant defects and an unlivable state. The exterior image shows severe neglect, boarded-up entry, and security bars, confirming it requires substantial repairs to all major systems and cosmetic elements, including presumed original or very poor condition kitchen and bathrooms.
Year Built
1908
Close
-
List price
$525K
Original List price
$525K
Price/Sqft
$426
HOA
-
Days on market
-
Sold On
-
MLS number
P1-24742
Home ConditionPoor
Features
View-
About this home
Cash Offers Only and No Blind Offers - This amazing two bed/two bath craftsman is the perfect blank canvas to customize every detail to make it your very own! Sitting just a few hundred feet from the USC patrol zone is this incredible gem just waiting to be reimagined into your perfect home!
Condition Rating
Poor
Built in 1908 with no apparent major renovations, this property is explicitly described as a 'blank canvas' requiring 'extensive renovation' and 'cash offers only,' indicating significant defects and an unlivable state. The exterior image shows severe neglect, boarded-up entry, and security bars, confirming it requires substantial repairs to all major systems and cosmetic elements, including presumed original or very poor condition kitchen and bathrooms.
Pros & Cons
Pros
Strategic Location: The property's proximity to the USC patrol zone makes it highly attractive to students, faculty, or investors seeking rental income or convenient access to the university.
Architectural Character: Built in 1908, this Craftsman-style home offers historic charm and unique architectural details, appealing to buyers who appreciate classic design.
Value-Add Opportunity: Described as a 'blank canvas,' the property presents significant potential for customization and appreciation through thoughtful renovation and modernization.
Functional Layout: The 2-bedroom, 2-bathroom configuration provides a practical and desirable living arrangement for its size, suitable for various buyer needs.
Single-Family Home: As a single-family residence in a high-demand urban market like Los Angeles, it offers privacy and long-term investment appeal.
Cons
Restrictive Offer Conditions: The 'Cash Offers Only and No Blind Offers' stipulation severely limits the potential buyer pool and often indicates underlying property condition or financing challenges.
Extensive Renovation Required: Given its 1908 construction, the property will likely require substantial investment in updating aged systems (plumbing, electrical) and potentially structural components.
Potential Overpricing: The listing price is 17% higher than the estimated property value, suggesting a premium that buyers will need to justify through perceived potential or market demand.