2955 Van Buren, Los Angeles CA 90007 | $1,199,000

HUGE PRICE REDUCTION! 2955 Van Buren Place is a 4 unit apartment building featuring old-world character and four oversized one bedroom/one bathroom units, each with its own bonus room. The building has had numerous recent upgrades including new drains, repaired roof fascia, a reinforced back staircase, and an updated electrical panel. There is ample tenant parking, individual water heaters, and in-unit laundry machines for tenant convenience. Investors with a vision can capitalize on substantial unrealized rental upside either through attaining market rents with or without conversion, and via new construction. The 9,997 square foot corner lot, R3 zoning, and Tier 3 designation provide appeal for future development. Superbly located in Exposition Park less than a mile from the University of Southern California campus and within the school's patrol zone, 2955 Van Buren Place provides residents with many of the great things LA has to offer right outside their front door. The property features a strong 79 walk score and is central to major employment, freeways, and points of interest alike. Tenants have numerous nearby attractions to choose from, including the Exposition Park stadium and museum complex, Downtown LA, and West Adams. Public transit is also easily accessible at the Expo/Vermont Metro station 0.9 miles away.

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