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2920 Van Buren Place, Los Angeles, California 90007, Los Angeles, 90007 - 4 bed, 2 bath

2920 Van Buren Place, Los Angeles, California 90007 home-pic-0
ACTIVE$890,000
2920 Van Buren Place, Los Angeles, California 90007
4Beds
2Baths
1,824Sqft
5,373Lot
Year Built
1908
Close
-
List price
$890K
Original List price
$900K
Price/Sqft
$488
HOA
-
Days on market
-
Sold On
-
MLS number
DW25115210
Home ConditionPoor
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 49% below the list price. We found 3 Cons,5 Pros. Rank: price - $890.0K(55th), sqft - 1824(45th), beds - 4(45th), baths - 2(45th).

Investor Special Near USC! Welcome to 2920 Van Buren Pl — a large 2-story, 4 bed, 2 bath home with tons of potential. Located on a prime street just minutes from USC, Exposition Park, and Downtown LA, this property sits on a spacious lot with a detached 2-car garage—perfect for ADU conversion. The home needs some TLC, making it an ideal project for investors, flippers, or anyone looking to create value. With strong rental demand in the area and huge upside potential, this is a rare opportunity you don’t want to miss! It is contingent on seller closing concurrently with their replacement property.

Price History

Date
Event
Price
01/29/03
Sold
$205,000
Condition Rating
Poor
Built in 1908, this property explicitly states it 'needs some TLC' and is an 'investor special,' indicating extensive renovation is required. The images confirm this, showing an extremely outdated kitchen with old cabinets, countertops, and appliances (aside from a newer refrigerator), and a dated bathroom with old tiles and fixtures. The exterior electrical system appears very old and exposed, suggesting potential safety hazards and a need for major upgrades. The overall condition points to substantial repairs and rehabilitation being necessary to make the property safe and comfortable, aligning with a 'poor' rating.
Pros & Cons

Pros

Prime Location: Strategically located just minutes from USC, Exposition Park, and Downtown LA, offering high demand for both residents and renters.
ADU Conversion Potential: Features a detached 2-car garage, presenting an excellent opportunity for an Accessory Dwelling Unit (ADU) conversion to generate additional income or living space.
Investment / Value-Add Opportunity: Marketed as an 'Investor Special' with 'huge upside potential,' ideal for flippers or buyers looking to create significant value through renovation.
Strong Rental Demand: The area boasts strong rental demand, making it an attractive prospect for investors seeking consistent rental income.
Spacious Lot: Sits on a generous 5,373 sqft lot, providing ample space for potential expansion, landscaping, or outdoor amenities.

Cons

Extensive Renovation Required: The property 'needs some TLC,' indicating significant renovation and capital investment will be necessary to bring it to modern standards and maximize its potential.
Contingent Sale: The sale is contingent on the seller closing concurrently with their replacement property, which could introduce delays or uncertainties in the transaction timeline.
Significant Price Discrepancy: The list price of $890,000 is substantially higher than the estimated property value of $449,901.61, suggesting a potential overvaluation in its current 'as-is' condition or a high premium placed on its future potential.

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