Description
This gorgeous home presents a rare opportunity to acquire a beautifully updated single-family home on an LAR3-zoned lot in one of the most sought-after areas walking distance to USC. The home offers 3 bedrooms, 2 bathrooms in approximately 1,743 square feet of living space, and sits on a lot of 6,671 square foot lot, with a 2-3 car garage and generous gated off-street parking along an extra-wide driveway. Inside features remodeled kitchen and baths, an open-concept layout connecting the kitchen to the formal dining and living areas, and a large den with a separate entrance that adds flexibility for additional living, work, or guest space. Move-in ready and equally well-suited for owner-occupants or investors, the home has been owner-occupied for more than 20 years and offers immediate usability as a primary residence, income property, or student housing opportunity. For buyers seeking upside, the zoning and location create compelling future potential. The LAR3 lot offers strong development appeal for an ADU and higher-density possibilities. Build 8 units by right & including ED-1 eligibility and a location within a TOC Tier 3 zone, as development potential & additional density. Ideally positioned just moments from USC, the property benefits from strong housing demand in the surrounding university market and proximity to the USC and located in the USC DPS patrol and USC's Lyft rides program. Conveniently located near Downtown Los Angeles, Koreatown, major transit corridors, and the 10, 110, and 101 freeways, 3011 Van Buren Place offers the rare combination of a remodeled character home, and meaningful long-term development potential in a prime USC-adjacent location. "SPECIAL LOAN PROGRAM ELIGIBLE! This property qualifies for a unique loan program with NO INCOME LIMITS for buyers, offering up to $7,500 for closing costs, as little as 3% down, and NO PMI! Contact the listing agent for more information."
