3525 Raymond, Los Angeles, California 90007, Los Angeles, 90007 - 2 bed, 1 bath
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Los Angeles, California 90007
This property presents a Strong Value Opportunity with a List Price of $675,000—positioned well above the $617,475 Fair Market Value by -9%. While the property requires significant capital expenditure due to its Condition Rating of 6, the corner lot near USC offers immense potential for Buy-and-Hold Investors. The 4,579 sqft lot provides a canvas for ADU development or a full-scale renovation to modernize the 1910 structure. This is an ideal acquisition for experienced developers targeting high-demand student housing markets.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3525 Raymond Subject | $675,000* List Price | 2 | 1 | 928 | $665 | - |
A 1183 W 37th Drive Sold | $685,000 | 2 | 1 | 1,036 | $661 | 0.4 mi |
B 3000 Van Buren Place Active Under Contract | $599,000 List Price | 3 | 1 | 1,064 | $563 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Property was built in 1910 and shows no evidence of significant renovations in the listing description or exterior photo. At 116 years old, it exceeds the 50-year threshold for original condition, likely requiring a full replacement of all major systems and structural components.
Situated near the University of Southern California (USC), this property offers exceptional rental demand and long-term appreciation potential for investors or faculty.
The corner lot provides enhanced privacy, increased natural light, and potential for creative landscaping or future expansion compared to mid-block parcels.
With a 4,579 sqft lot and a small existing footprint, there is significant opportunity to add value through an ADU or a complete renovation in a high-demand submarket.
At just 928 square feet with a 2-bedroom, 1-bathroom configuration, the interior space may feel restrictive for modern living requirements or larger households.
Built in 1910, the property likely requires significant updates to its core systems, such as plumbing and electrical, to align with contemporary building standards.
Corner property located near major college of USC. Large Avocado Tree located in front yard.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 928 | 1,672 |
| Lot Size | 4,579 | 6,067 |
| Price | $675.0K | $1.37M |
| Price per sq ft | $727 | $801 |
| Built year | 1910 | 1939 |
| HOA | $0 | $348 |
| Days on market | 8 | 56 |
Jul 14, 2026
$675,000
Initial Listing