3000 Van Buren Place, Los Angeles, California 90007, Los Angeles, 90007 - 3 bed, 1 bath
3000 Van Buren Place
Los Angeles, California 90007
Property Price
SUMMARY
Analysis of 3000 Van Buren Place, Los Angeles, California 90007 reveals a property with a current list price of $599,000, which is 36% above the estimated $380,356 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3000 Van Buren Place Subject | $599,000* List Price | 3 | 1 | 1,064 | $357 | - |
A 1519 W 22nd Place Sold | $772,500 | 3 | 2 | 1,288 | $600 | 0.6 mi |
B 1109 Exposition Boulevard Sold | $626,000 | 5 | 2 | 1,057 | $592 | 0.6 mi |
C 3771 S Catalina Street Active | $749,000 List Price | 3 | 2 | 1,128 | $664 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1922, this property is explicitly described as an 'excellent fixer-upper' with 'incredible potential for redevelopment.' The exterior images reveal significant deferred maintenance, including peeling paint, an aged roof, overgrown landscaping, and a dilapidated detached structure. Without interior images, it's safe to assume the kitchen and bathroom are original or severely outdated and in poor condition, requiring complete renovation. Major systems are likely beyond their expected lifespan. The property requires substantial repairs and rehabilitation to be habitable and meet current quality standards.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location
The property is located just steps from USC, making it highly desirable for student housing, faculty, or staff, and offering strong rental potential and appreciation.
- Redevelopment Potential
Described as an 'excellent fixer-upper' with 'incredible potential for redevelopment and maximizing its use,' appealing to investors and developers looking to add significant value.
- Corner Lot
Sitting on a 3,334 sq. ft. corner lot, the property offers enhanced privacy, better light exposure, and potentially more flexible design options for future development.
CONSRISKS & DEFICIENCIES
- Recently Sold Property
The property was recently sold within the past year on 2025-01-30. The sold price is $615,000.00.
- Extensive Renovation Required
Being an 'excellent fixer-upper' built in 1922, the property will require substantial capital investment and time for comprehensive renovations and system upgrades.
- Limited Bathrooms
With only one bathroom for three bedrooms, the property's functionality is limited for modern living standards and may hinder its appeal for families or multiple tenants without significant modification.
About 3000 Van Buren Place
PRICE TO SALE MOTIVATED SELLER ......Excellent fixer-upper property just steps from USC! This three-bedroom, one-bath home sits on a 3,334 sq. ft. corner lot, offering incredible potential for redevelopment and maximizing its use.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1922
- Lot Size
- 3,334 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 38% |
| Square foot | 1,064 | 1,148 | 50% |
| Lot Size | 3,334 | 3,137 | 50% |
| Price | $599.0K | $685.8K | 50% |
| Price per sq ft | $563 | $564 | 50% |
| Built year | 1922 | 1905 | 75% |
| HOA | $0 | $0 | 50% |
| Days on market | 464 | 226 | 0% |
Pricing History
Sold
Jan 30, 2025
$615,000
Public Record