
Los Angeles, California 90007
This Swiss Chalet-style Craftsman represents a High-Potential Investment Opportunity, listed at a List Price of $1,195,000. While slightly above the $1,171,657 Fair Market Value, the property offers significant long-term upside through its LARD2 zoning and potential Mills Act tax savings. Featuring a Condition Rating of 3, the home includes modern mechanical updates while preserving historic integrity. With its expansive lot and ADU conversion potential, this asset is perfectly suited for Buy-and-Hold Investors or Owner-Occupants seeking a unique, income-generating residence near USC.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2750 Raymond Avenue Subject | $1,195,000* List Price | 5 | 5 | 3,104 | $377 | - |
A 2657 Van Buren Place Sold | $1,040,000 | 4 | 4 | 2,871 | $362 | 0.1 mi |
B 2647 Raymond Avenue Sold | $950,000 | 4 | 2 | 2,639 | $360 | 0.1 mi |
C 2712 Kenwood Avenue Sold | $1,010,778 | 6 | 2 | 2,866 | $353 | 0.1 mi |
D 2302 S Budlong Avenue Sold | $1,099,000 | 4 | 2 | 2,416 | $455 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1908, the home has undergone significant updates including a modern kitchen with white shaker cabinets and stainless steel appliances. The listing notes new roof, electrical, and plumbing systems. While some areas retain historic finishes and use portable AC units, the property is well-maintained, functional, and move-in ready.
This 1908 Swiss Chalet-style Craftsman features rare original details like mortise-and-tenon joinery and exposed beams, while benefiting from essential modern updates to the roof, plumbing, and electrical systems.
The property offers substantial value-add opportunities through its LARD2 zoning for additional structures and potential Mills Act designation, which can provide significant property tax savings for the owner.
With over 3,100 square feet, five bedrooms, and bonus spaces like a California basement and attic, the home provides exceptional scale and flexibility for large families or high-end rental use within the USC patrol zone.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
As a century-old residence with intricate woodwork and period features, the property may require specialized and ongoing maintenance to preserve its historic character and structural integrity.
The property lacks significant views, which may be a disadvantage for buyers seeking the panoramic city or landscape vistas often associated with premium Los Angeles real estate.
We are proud to present 2750 Raymond Avenue, a one of a kind 5-bedroom + 5-bathroom Craftsman residence spanning approximately 3,104 square feet on an oversized 7,246 square foot lot. Built in 1908 by Naldo Francis Stokes, the Maly-Smith Residence is a rare Swiss Chalet-style Craftsman offering gracious, spacious living across three levels. Inside, discover exposed wood beams, original built-ins, and a sculptural red brick fireplace anchoring the living room. The entryway and staircase showcase Old World mortise-and-tenon joinery, a nod to the Japanese influence on early California Craftsman design. Period charm continues throughout the home, from the expansive covered front porch and formal dining room to a library/den with a ceramic fireplace surround and multiple enclosed sleeping porches. A California basement and sunlit attic (not included in the listed square footage) offer flexible bonus space, ideal as a studio or private office. The home has been thoughtfully updated with a new roof, electrical, and plumbing, along with fresh California native and drought-tolerant landscaping, blending historic character with modern livability. This property also presents a compelling opportunity for a savvy owner: the home may qualify for the property-tax-saving Mills Act designation, and the advantageous LARD2 zoning opens the door to exploring additional structures on the lot (buyer to verify). There is an existing shed towards the back of the lot, which has potential to be converted to an ADU. Ideally located within the USC DPS patrol zone, 2750 Raymond Avenue offers convenient access to Downtown LA and major entertainment and sports destinations, including the USC Coliseum, BMO Stadium, and the Expo Line.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 5.0 | 2.0 |
| Square foot | 3,104 | 1,672 |
| Lot Size | 7,246 | 6,067 |
| Price | $1.20M | $1.37M |
| Price per sq ft | $385 | $801 |
| Built year | 1908 | 1939 |
| HOA | $0 | $348 |
| Days on market | 12 | 56 |
Jul 10, 2026
$1,195,000
Initial Listing
Jul 31, 2024
$1,250,000
Public Record
Apr 15, 2005
$765,000
Public Record
Jul 9, 2004
$294,090
Public Record
Feb 10, 2004
$375,000
Public Record
Jul 18, 2003
$200,000
Public Record