2955 Van Buren Place, Los Angeles, California 90007, Los Angeles, 90007 - 0 bed, 0 bath
Loading property details...
Los Angeles, California 90007
This 1913 quadruplex represents a High-Potential Investment Opportunity, currently listed at a List Price of $1,199,900, which aligns with its $1,199,900 Fair Market Value. While the property maintains a Fair Condition Rating with dated interiors, its 10,000-square-foot lot and Versatile Unit Layouts—each featuring a den for potential second-bedroom conversion—provide significant value-add potential near the USC campus. This asset is well-positioned for Buy-and-Hold Investors or Value-Add Developers seeking to capitalize on high student rental demand through strategic modernization and density expansion.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2955 Van Buren Place Subject | $1,199,900* List Price | 0 | 0 | 4,436 | $270 | - |
A 1445 W 20th Street Sold | $1,370,000 | 9 | 3 | 4,098 | $334 | 0.9 mi |
B 3110 Raymond Active | $980,000 List Price | 0 | 0 | 4,168 | $235 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1913, the property is well-maintained but clearly dated. The kitchens and bathrooms feature cabinetry, tiling, and appliances that appear to be over 20 years old. While the flooring has been updated to laminate in some areas, the presence of popcorn ceilings and older window units indicates the property needs cosmetic and system updates to meet modern standards.
Situated in close proximity to the University of Southern California (USC), the property benefits from a high-demand rental market with a consistent pool of student and faculty tenants.
Each of the four units features a den that can function as a second bedroom, providing significant rental flexibility and the potential to maximize monthly income.
The 10,000-square-foot lot is exceptionally large for this urban area, offering potential for future value-add opportunities, such as the addition of Accessory Dwelling Units (ADUs).
Originally built in 1913, the property may require specialized maintenance or expensive upgrades to aging plumbing, electrical, and structural systems typical of century-old buildings.
With 148 days on the market, the property has exceeded the average turnover time, which may lead to buyer concerns regarding its initial pricing strategy or underlying market demand.
This well-maintained 4-unit income property features an attractive rental layout, with each unit offering 1 bedroom, 1 bathroom plus a Den that can function as a 2nd 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 |
|---|---|---|
| Beds | 0.0 | 5.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 4,436 | 2,250 |
| Lot Size | 10,000 | 5,864 |
| Price | $1.20M | $826.7K |
| Price per sq ft | $270 | $395 |
| Built year | 1913 | 1925 |
| HOA | $0 | $0 |
| Days on market | 196 | 83 |
Jun 4, 2026
$1,199,900
$1,200,000
+0% Price Increase
Initial Listing
Jan 7, 2026
$1,200,000
Initial Listing