2647 Raymond Ave, Los Angeles, CA 90007

Property Description

Price Reduced $75,000! Welcome to 2647 Raymond Ave, a beautifully updated 4-bedroom, 2-bathroom home offering an impressive 2,639 sq. ft. of living space in the heart of the USC Patrol Zone! Perfectly located just minutes from campus, this property delivers incredible versatility; ideal for student housing, USC faculty or staff, or program-based housing such as affordable or transitional use. The home has been thoughtfully updated over the years, featuring a stylish kitchen with stainless steel appliances, newer cabinetry, hardwood flooring throughout, and remodeled bathrooms with modern finishes. The spacious layout provides excellent functionality for shared living or comfortable owner occupancy. Located within an HPOZ and enrolled in the Mills Act, the property also benefits from significant property tax savings while preserving its historic charm. Sitting on a large lot with outstanding ADU potential, the property offers the flexibility to expand, add additional units, or create a separate income-producing space (buyer to verify). The home will be delivered vacant, giving any buyer the opportunity to immediately occupy or maximize rental income by tailoring the layout to fit student housing demand. Located within close proximity to USC, the Village, Exposition Park, the Coliseum, Trader Joe's, and countless local amenities, this property stands at the intersection of convenience, community, and long-term value. Whether you're an investor seeking a strong income-producing asset or an owner-user looking for a spacious, move-in-ready home near USC, 2647 Raymond Ave is a rare find in one of LA's fastest-growing neighborhoods.