3000 Van Buren Place, Los Angeles, California 90007, Los Angeles, 90007 - 3 bed, 1 bath
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Los Angeles, California 90007
This High-Potential Redevelopment Asset is listed at $599,000, positioned competitively near its $557,714 Fair Market Value. Located just steps from USC on a 3,334 sq. ft. corner lot, the property carries a Condition Rating of 5, requiring a comprehensive renovation to address significant deferred maintenance. The C16 - Mid Los Angeles location within the Los Angeles Unified district and the motivated seller status provide a strategic entry point into a high-demand student housing submarket. This project is an ideal acquisition for Fix-and-Flip Investors or Buy-and-Hold Investors seeking value-add opportunities.
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 | $524 | - |
A 1546 30th Sold | $550,000 | 3 | 1 | 975 | $564 | 0.1 mi |
B 2509 Raymond Avenue Sold | $508,000 | 2 | 2 | 1,232 | $412 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
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 Without interior images, it's safe to assume the kitchen and bathroom are original or severely outdated and in poor condition, requiring complete renovation.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.
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.
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.
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.
The property was recently sold within the past year on 2025-01-30. The sold price is $615,000.00.
Being an 'excellent fixer-upper' built in 1922, the property will require substantial capital investment and time for comprehensive renovations and system upgrades.
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.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.5 | 50% |
| Baths | 1.0 | 2.5 | 25% |
| Square foot | 1,064 | 1,260 | 38% |
| Lot Size | 3,334 | 3,137 | 50% |
| Price | $599.0K | $785.8K | 38% |
| Price per sq ft | $563 | $507 | 50% |
| Built year | 1922 | 1909 | 75% |
| HOA | $0 | $0 | 50% |
| Days on market | 511 | 183 | 0% |
Jan 30, 2025
$615,000
Public Record