3000 Van Buren Place, Los Angeles, California 90007, Los Angeles, 90007 - 3 bed, 1 bath
ACTIVE UNDER CONTRACT$599,000
3000 Van Buren Place, Los Angeles, California 90007
3Beds
1Bath
1,064Sqft
3,334Lot
Year Built
1922
Close
-
List price
$599K
Original List price
$599K
Price/Sqft
$563
HOA
-
Days on market
-
Sold On
-
MLS number
24467773
Home ConditionPoor
Features
View-
About this home
Possibly Over-Priced:The estimated price is 36% below the list price. We found 4 Cons,5 Pros. Rank: price - $599.0K(18th), sqft - 1064(36th), beds - 3(27th), baths - 1(27th).
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.
Price History
Date
Event
Price
01/30/25
Sold
$615,000
Condition Rating
Poor
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 Without interior images, it's safe to assume the kitchen and bathroom are original or severely outdated and in poor condition, requiring complete renovation.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.
Pros & Cons
Pros
Prime Location: 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.
Redevelopment Potential: 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.
Corner Lot: 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.
Motivated Seller: The listing explicitly states 'PRICE TO SALE MOTIVATED SELLER,' indicating a potential for negotiation and a more favorable purchase for buyers.
Investment Opportunity: Its location and fixer-upper status present a strong investment opportunity for a flip or conversion into high-demand student rental units.
Cons
Recently Sold Property: The property was recently sold within the past year on 2025-01-30. The sold price is $615,000.00.
Extensive Renovation Required: Being an 'excellent fixer-upper' built in 1922, the property will require substantial capital investment and time for comprehensive renovations and system upgrades.
Limited Bathrooms: 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.
Potential Overpricing: The list price of $599,000 is significantly higher than the estimated property value of $380,356.08, suggesting it may be overpriced given its current condition and required renovations.