2647 Raymond Avenue, Los Angeles, California 90007, Los Angeles, 90007 - 4 bed, 2 bath

2647 Raymond Avenue
Los Angeles, California 90007
Property Price
SUMMARY
Analysis of 2647 Raymond Avenue, Los Angeles, California 90007 reveals a Fairly Priced Property with a current list price of $1,100,000 aligned with the estimated $1,079,313 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2647 Raymond Avenue Subject | $1,100,000* List Price | 4 | 2 | 2,639 | $409 | - |
A 1454 W 28th Street Sold | $1,025,000 | 4 | 1 | 2,601 | $394 | 0.3 mi |
B 1445 W 22nd Street Sold | $860,000 | 5 | 4 | 2,144 | $401 | 0.6 mi |
C 2745 Kenwood Avenue Active | $1,250,000 List Price | 5 | 3 | 2,766 | $452 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
Despite being built in 1908, this property has undergone thoughtful and extensive updates, making it move-in ready. The kitchen features stylish white shaker cabinetry, stainless steel appliances (including a professional-style range), and modern tile flooring and backsplash. Bathrooms are remodeled with contemporary vanities, tiled surrounds, and modern fixtures. Hardwood flooring is present throughout the main living areas and bedrooms, and appears well-maintained. While the home retains its historic character with original wood trim and built-ins, the critical functional areas have been updated within the last 5-15 years, aligning with the 'Good' condition criteria.
PROSSTRENGTHS & OPPORTUNITIES
- Strategic Location
The property is ideally situated in the heart of the USC Patrol Zone, minutes from campus, The Village, Exposition Park, and other amenities, making it highly desirable for students, faculty, and general residents in a fast-growing neighborhood.
- Income-Generating Versatility
Offers incredible versatility for student housing, USC faculty/staff, or program-based housing, providing multiple avenues for strong rental income and investment return.
- Extensive Modern Updates
Thoughtfully updated with a stylish kitchen featuring stainless steel appliances, newer cabinetry, hardwood flooring throughout, and remodeled bathrooms with modern finishes, ensuring a move-in ready condition.
CONSRISKS & DEFICIENCIES
- Recent Price Reduction
A recent $75,000 price reduction may indicate the property was initially overpriced or has faced market resistance, potentially raising questions about its current market value.
- Historic Property Maintenance
Despite updates, a 1908-built home may still present unforeseen maintenance challenges or require updates to underlying systems (e.g., plumbing, electrical) not explicitly mentioned as replaced.
- HPOZ Restrictions
Located within an HPOZ (Historic Preservation Overlay Zone), exterior modifications and renovations may be subject to strict guidelines and approval processes, potentially limiting a buyer's design flexibility.
About 2647 Raymond Avenue
Price Reduced $75,000! Welcome to 2647 Raymond Ave, a beautifully updated 4-bedroom, 2-bathroom home offering an impressive 2,639 sq. ft. of living space in the heart of the USC Patrol Zone! Perfectly located just minutes from campus, this property delivers incredible versatility; ideal for student housing, USC faculty or staff, or program-based housing such as affordable or transitional use. The home has been thoughtfully updated over the years, featuring a stylish kitchen with stainless steel appliances, newer cabinetry, hardwood flooring throughout, and remodeled bathrooms with modern finishes. The spacious layout provides excellent functionality for shared living or comfortable owner occupancy. Located within an HPOZ and enrolled in the Mills Act, the property also benefits from significant property tax savings while preserving its historic charm. Sitting on a large lot with outstanding ADU potential, the property offers the flexibility to expand, add additional units, or create a separate income-producing space (buyer to verify). The home will be delivered vacant, giving any buyer the opportunity to immediately occupy or maximize rental income by tailoring the layout to fit student housing demand. Located within close proximity to USC, the Village, Exposition Park, the Coliseum, Trader Joe's, and countless local amenities, this property stands at the intersection of convenience, community, and long-term value. Whether you're an investor seeking a strong income-producing asset or an owner-user looking for a spacious, move-in-ready home near USC, 2647 Raymond Ave is a rare find in one of LA's fastest-growing neighborhoods.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1908
- Lot Size
- 6,618 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.5 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 2,639 | 1,260 | 88% |
| Lot Size | 6,618 | 3,550.5 | 88% |
| Price | $1.10M | $785.8K | 75% |
| Price per sq ft | $417 | $562 | 38% |
| Built year | 1908 | 1905 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 60 | 169 | 13% |
Pricing History
Listed for Sale
Jan 5, 2026
$1,100,000
Initial Listing
Sold
Jan 18, 2005
$531,000
Public Record















