2955 Van Buren Place, Los Angeles, California 90007, Los Angeles, 90007 - bed, bath
ACTIVE$1,200,000$4,436/sqft
2955 Van Buren Place, Los Angeles, California 90007
0Bed
0Bath
4,436Sqft
10,000Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Multi-Unit Income Property: This four-unit quadruplex offers significant rental income potential, making it an ideal investment for consistent cash flow.
Top Cons:
Historic Property Age: Built in 1913, the property's age may imply potential for outdated infrastructure (e.g., plumbing, electrical systems) or require specialized maintenance, despite being well-maintained.
Compared to the nearby listings
Price:$1.20M vs avg $1.20M (+$0)50%
Size:4,436 sqft vs avg 4,858 sqft40%
Price/sqft:$271 vs avg $25760%
More Insights
Built in 1913 (113 years old).
Condition: 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strongly suggests that the kitchens, bathrooms, and major systems (electrical, plumbing, HVAC) are significantly outdated.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.
Year Built
1913
Close
-
List price
$1.2M
Original List price
$1.2M
Price/Sqft
$271
HOA
-
Days on market
-
Sold On
-
MLS number
DW26004405
Home ConditionPoor
Features
View-
About this home
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.
T
Tomasa Flores
Listing Agent
Condition Rating
Poor
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.
Pros & Cons
Pros
Multi-Unit Income Property: This four-unit quadruplex offers significant rental income potential, making it an ideal investment for consistent cash flow.
Strategic University Proximity: Its prime location near the University of Southern California ensures strong tenant demand and a highly desirable rental market, minimizing vacancy risk.
Flexible Unit Layouts: Each unit features a 1-bedroom, 1-bathroom layout with a versatile den, enhancing rental flexibility and accommodating various tenant needs.
Minimally Deferred Maintenance: The property has been consistently cared for and maintained over the years, reducing immediate capital expenditure for a new owner.
Substantial Lot Size: A generous 10,000 sqft lot provides ample space, offering potential for future expansion or enhanced outdoor amenities in a dense urban area.
Cons
Historic Property Age: 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.
Lack of Modern Amenities Mentioned: 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.
Potential for High Operating Expenses: 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.