
Los Angeles, California 90007
This Remodeled 3-Bedroom Character Home is a Strategic Residential Asset listed at $1,100,000, aligned with its $1,063,615 Fair Market Value. Boasting an Excellent Condition Rating, the interior features a remodeled kitchen, updated baths, and new flooring. The property’s significant upside lies in the 6,671 sqft LAR3-zoned lot with TOC Tier 3 and ED-1 eligibility for an 8-unit development. Located in the Los Angeles Unified School District and the USC DPS patrol zone, this property offers turnkey luxury with massive density potential. It is ideal for Buy-and-Hold Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3011 Van Buren Place Subject | $1,100,000* List Price | 3 | 2 | 1,743 | $600 | - |
A 1519 W 22nd Place Sold | $772,500 | 3 | 2 | 1,288 | $600 | 0.7 mi |
B 2302 S Budlong Avenue Active Under Contract | $1,099,000 List Price | 4 | 2 | 2,416 | $455 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite being built in 1922, the property has undergone an extensive and high-quality renovation within the last 5 years, meeting the criteria for 'excellent' condition. The interior features a fully remodeled kitchen with modern blue shaker cabinetry, quartz countertops, and stainless steel appliances. The bathrooms have been updated with contemporary marble-style tiling, new vanities, and modern fixtures. Throughout the home, there is consistent new wide-plank flooring, updated recessed lighting, and fresh neutral paint, making it completely move-in ready with no visible deferred maintenance.
The LAR3-zoned lot with TOC Tier 3 and ED-1 eligibility offers exceptional upside, allowing for the construction of up to 8 units by right, making it a prime target for developers.
Located within the USC DPS patrol and Lyft rides program boundaries, the property is perfectly positioned to capture high demand from the university's student and faculty rental market.
The home features a remodeled kitchen and bathrooms with an open-concept layout, providing immediate move-in readiness and high rental appeal without the need for initial renovations.
Built in 1922, the property may possess aging underlying systems such as plumbing or electrical that could require maintenance, despite the modern cosmetic updates.
The list price reflects the high-density development potential rather than just the single-family utility, which may limit interest from traditional residential buyers not looking for a project.
This gorgeous home presents a rare opportunity to acquire a beautifully updated single-family home on an LAR3-zoned lot in one of the most sought-after areas walking distance to USC. The home offers 3 bedrooms, 2 bathrooms in approximately 1,743 square feet of living space, and sits on a lot of 6,671 square foot lot, with a 2-3 car garage and generous gated off-street parking along an extra-wide driveway. Inside features remodeled kitchen and baths, an open-concept layout connecting the kitchen to the formal dining and living areas, and a large den with a separate entrance that adds flexibility for additional living, work, or guest space. Move-in ready and equally well-suited for owner-occupants or investors, the home has been owner-occupied for more than 20 years and offers immediate usability as a primary residence, income property, or student housing opportunity. For buyers seeking upside, the zoning and location create compelling future potential. The LAR3 lot offers strong development appeal for an ADU and higher-density possibilities. Build 8 units by right & including ED-1 eligibility and a location within a TOC Tier 3 zone, as development potential & additional density. Ideally positioned just moments from USC, the property benefits from strong housing demand in the surrounding university market and proximity to the USC and located in the USC DPS patrol and USC's Lyft rides program. Conveniently located near Downtown Los Angeles, Koreatown, major transit corridors, and the 10, 110, and 101 freeways, 3011 Van Buren Place offers the rare combination of a remodeled character home, and meaningful long-term development potential in a prime USC-adjacent location. "SPECIAL LOAN PROGRAM ELIGIBLE! This property qualifies for a unique loan program with NO INCOME LIMITS for buyers, offering up to $7,500 for closing costs, as little as 3% down, and NO PMI! Contact the listing agent for more information."
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.5 | 50% |
| Baths | 2.0 | 2.5 | 50% |
| Square foot | 1,743 | 1,515.5 | 50% |
| Lot Size | 6,671 | 3,429 | 75% |
| Price | $1.10M | $809.5K | 88% |
| Price per sq ft | $631 | $508 | 75% |
| Built year | 1922 | 1909 | 75% |
| HOA | $0 | $0 | 50% |
| Days on market | 34 | 177 | 13% |
Mar 19, 2026
$1,100,000
Initial Listing