
Los Angeles, California 90007
This property presents a High-Potential Investment Opportunity with a List Price of $799,000—positioned well below the $797,054 Fair Market Value (effectively at market). This 4-bed, 2-bath asset features LARD2 Zoning and a detached garage, offering significant potential for an ADU conversion. With a Condition Rating of 5, the home requires comprehensive renovation, making it a prime candidate for FHA 203k financing. This is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants looking to build equity near USC.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2920 Van Buren Subject | $799,000* List Price | 4 | 2 | 1,824 | $437 | - |
A 1125 W 22nd Street Active | $800,000 List Price | 3 | 2 | 1,872 | $427 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1908 and explicitly marketed as a fixer-upper, this property shows significant deferred maintenance. The interior features dated bathrooms and utility areas with visible wear, while the exterior and detached garage require substantial repair. The listing's suggestion of FHA 203k renovation loans confirms the need for a comprehensive rehab of systems and finishes.
Ideally situated within walking distance to USC and near the I-10 and 110 freeway interchange, offering high demand for student housing and excellent commuter access.
The LARD2 zoning combined with a detached two-car garage provides a significant opportunity for a value-add ADU conversion or multi-unit expansion on the 5,373 sqft lot.
As a fixer-upper in a rapidly appreciating neighborhood, this property offers substantial potential for forced appreciation through renovation and modernization.
The property is explicitly listed as a fixer-upper, meaning buyers will need to secure significant additional capital or specialized renovation financing to make the home habitable.
Built in 1908, the home likely features century-old structural and utility systems that may require costly updates to meet modern building codes and buyer expectations.
(Bring all offers, Call Today) Opportunity knocks in one of Los Angeles' most connected and rapidly growing neighborhoods! Welcome to 2920 Van Buren Pl - ideally located near the intersection of the Interstate 10 FWY & 110 FWY. Just a short walk to USC.This fixer-upper is packed with potential and perfect for both savvy investors and owner-occupant buyers looking to build equity. If you've been searching for an affordable entry point into homeownership in a high-demand area, this is your chance. With a vision and improvements, this property can be transformed into a beautiful primary residence or long-term investment. For buyers considering financing, this home may be a great candidate for renovation-style loans (such as FHA 203k)-giving you the ability to purchase and improve the home with one loan. Imagine customizing your future home while gaining value in a neighborhood known for strong appreciation and rental demand. Surrounded by ongoing development, close to major freeways, dining, and employment hubs, the location alone makes this a standout opportunity. Priced to sell and expected to move fast. This will be a first come, first served sale-no bidding games. Whether you're an investor or a buyer ready to create your dream home, don't miss out on this high-upside property. Act quickly-opportunities like this near USC don't last. This is a 4 bed 2 bath with a formal living room, bonus room in the rear (no closet), partial basement for storage, & a detached 2 car garage (Ideal for an ADU) with a large yard for entertainment or to build, Zoned LARD2.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,824 | 1,664.159 |
| Lot Size | 5,373 | 6,066.556 |
| Price | $799.0K | $1.35M |
| Price per sq ft | $438 | $806 |
| Built year | 1908 | 1939 |
| HOA | $0 | $278 |
| Days on market | 126 | 55 |
Aug 21, 2026
$799,000
$805,000
-1% Price Drop
Initial Listing
Jul 18, 2026
$805,000
$820,000
-2% Price Drop
Initial Listing
May 6, 2026
$820,000
Initial Listing
Jan 29, 2003
$205,000
Public Record