2955 Van Buren Place, Los Angeles, California 90007, Los Angeles, 90007 - 0 bed, 0 bath
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Los Angeles, California 90007
This Value-Add Quadruplex Asset is listed at $1,200,000, representing a strategic acquisition within the high-demand USC rental market. While the list price sits above the $1,052,357 Fair Market Value, the property’s expansive 10,000 sqft lot and Condition Rating of 5 offer significant potential for forced appreciation through modernization. Each unit's flexible layout, including a den for potential second-bedroom conversion, provides a strong foundation for maximizing yields in a low-vacancy corridor. This is an ideal opportunity for Buy-and-Hold Investors or Value-Add Developers seeking a high-density income property.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2955 Van Buren Place Subject | $1,200,000* List Price | 0 | 0 | 4,436 | $237 | - |
A 1445 W 20th Street Sold | $1,370,000 | 9 | 3 | 4,098 | $334 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1913, this property's age, combined with the complete absence of interior images and the listing's explicit mention of 'Historic Property Age' and 'Lack of Modern Amenities,' strongly suggests that the kitchens, bathrooms, and major systems (electrical, plumbing, HVAC) are significantly outdated. While the exterior appears well-maintained, the interior likely requires substantial rehabilitation and extensive system replacements to meet current safety, functionality, and aesthetic standards, rather than just minor updates.
This four-unit quadruplex offers significant rental income potential, making it an ideal investment for consistent cash flow.
Its prime location near the University of Southern California ensures strong tenant demand and a highly desirable rental market, minimizing vacancy risk.
Each unit features a 1-bedroom, 1-bathroom layout with a versatile den, enhancing rental flexibility and accommodating various tenant needs.
Built in 1913, the property's age may imply potential for outdated infrastructure (e.g., plumbing, electrical systems) or require specialized maintenance, despite being well-maintained.
The description does not highlight recent upgrades or modern amenities (e.g., central AC, in-unit laundry, updated kitchens/baths), which could limit rent premium potential compared to newer constructions.
As an older, multi-unit property in a prime Los Angeles location, operating costs such as property taxes, insurance, and utility maintenance could be substantial, impacting overall profitability.
Home Buyers and Investors Opportunity!! This well-maintained four-unit income property features an attractive rental layout, with each unit offering one bedroom, one bathroom, and a versatile den that can function as a second bedroom—enhancing rental flexibility and income potential. The property has been carefully cared for and consistently maintained over the years, minimizing deferred maintenance. Ideally located near the University of Southern California campus, it benefits from strong tenant demand, excellent proximity to the university, and a highly desirable rental market, making it a compelling investment opportunity.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 4.5 | 50% |
| Baths | 0.0 | 1.5 | 50% |
| Square foot | 4,436 | 4,267 | 50% |
| Lot Size | 10,000 | 7,946 | 50% |
| Price | $1.20M | $1.28M | 50% |
| Price per sq ft | $271 | $302 | 50% |
| Built year | 1913 | 1953 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 105 | 269 | 50% |
Jan 7, 2026
$1,200,000
Initial Listing