2656 VAN BUREN PLACE
I don't normally put "For Sale" in our Avenues blog, much less a property outside of our area--just slightly. However--Leslie Evans--a friend of mine through Neighborhood Councils and the Southwest C-PAB board sent me the information. Since we are an historic community, I felt that this was worthy of posting.
The magnificent home at 2656 Van Buren Place, the corner of Van Buren and 27th Street, just came on the market today. This 3,077 foot 1909 Craftsman home last sold, in December 2005, for $910,000. Its current assessed value is $705,000. The house was foreclosed in January and was sold at auction in February for an unknown price. It is now being offered by Action Investment Realty, 310-419-7900, which just posted a for sale sign in front of the house. They are listing it at $449,000. (Their phone number doesn't accept blocked calls so you may need a *82 to be put through)
The property also contains two currently rented one-bedroom garage apartments over four garages. The house is on the Secretary of the Interior's national register of historic places and is a contributing structure to the Adams-Normandie Historic Preservation Overlay Zone. It stands on the most intact block within the Adams-Normandie HPOZ. It should be eligible for a Mills Act city historic house contract which would cut the property taxes approximately in half.
Speaking for the residents of the block, we would really hope to see a family, with an interest in historic preservation, buy the house for themselves to live in. The real estate company is looking for a group home operator to turn the house into student rentals.
Note that the speculators who had bought the house in 2005 with the intention of flipping it had turned it into student rentals when the market tanked. They have since removed the partition they had put up to divide the living room and the house is back to its original configuration, except for an easily removable partition between the living room and a rear study. There are four bedrooms on the second floor, one full bathroom on the second floor and two on the ground floor. The dining room is wood paneled on all four walls as well as the ceiling. The kitchen was nicely remodeled in 2004.
Please share this with your friends, especially if you know a family who is looking for a great house in West Adams.
