2509 Raymond Avenue, Los Angeles, California 90007, Los Angeles, 90007 - 2 bed, 2 bath
ACTIVE UNDER CONTRACT$525,000
2509 Raymond Avenue, Los Angeles, California 90007
2Beds
2Baths
1,232Sqft
2,800Lot
Year Built
1908
Close
-
List price
$525K
Original List price
$525K
Price/Sqft
$426
HOA
-
Days on market
-
Sold On
-
MLS number
P1-24742
Home ConditionPoor
Features
View-
About this home
Possibly Over-Priced:The estimated price is 17% below the list price. We found 3 Cons,5 Pros. Rank: price - $525.0K(18th), sqft - 1232(36th), beds - 2(18th), baths - 2(45th).
Cash Offers Only and No Blind Offers - This amazing two bed/two bath craftsman is the perfect blank canvas to customize every detail to make it your very own! Sitting just a few hundred feet from the USC patrol zone is this incredible gem just waiting to be reimagined into your perfect home!
Price History
Date
Event
Price
10/30/25
Listing
$525,000
Condition Rating
Poor
Built in 1908 with no apparent major renovations, this property is explicitly described as a 'blank canvas' requiring 'extensive renovation' and 'cash offers only,' indicating significant defects and an unlivable state. The exterior image shows severe neglect, boarded-up entry, and security bars, confirming it requires substantial repairs to all major systems and cosmetic elements, including presumed original or very poor condition kitchen and bathrooms.
Pros & Cons
Pros
Strategic Location: The property's proximity to the USC patrol zone makes it highly attractive to students, faculty, or investors seeking rental income or convenient access to the university.
Architectural Character: Built in 1908, this Craftsman-style home offers historic charm and unique architectural details, appealing to buyers who appreciate classic design.
Value-Add Opportunity: Described as a 'blank canvas,' the property presents significant potential for customization and appreciation through thoughtful renovation and modernization.
Functional Layout: The 2-bedroom, 2-bathroom configuration provides a practical and desirable living arrangement for its size, suitable for various buyer needs.
Single-Family Home: As a single-family residence in a high-demand urban market like Los Angeles, it offers privacy and long-term investment appeal.
Cons
Restrictive Offer Conditions: The 'Cash Offers Only and No Blind Offers' stipulation severely limits the potential buyer pool and often indicates underlying property condition or financing challenges.
Extensive Renovation Required: Given its 1908 construction, the property will likely require substantial investment in updating aged systems (plumbing, electrical) and potentially structural components.
Potential Overpricing: The listing price is 17% higher than the estimated property value, suggesting a premium that buyers will need to justify through perceived potential or market demand.