CA > Los Angeles
Los Angeles, CA 90016,2853 Buckingham Road
Los Angeles, CA 90016,2853 Buckingham Road
Los Angeles, CA 90016,2853 Buckingham Road
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$1,499,000
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8 Beds
4 Baths
Price Dropped by $50K

2853 Buckingham Road Los Angeles, CA 90016

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Richard Combs

Richard Combs

+1(619) 838-9307

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR25095596

Bedrooms 8

Property Sub-Type Res Income 2-4 Units

Property Description

We are proud to present an exceptional Spanish style 4-unit building in the heart of West Adams. Built in 1930, the subject consists of four spacious 2 bedroom / 1 bath units each with Spanish style details and charm, in-unit washer/dryers, and individual water heaters. Located in an opportunity zone which can offer powerful tax incentives for investors. Recent improvements to the well-maintained building include exterior paint, new fencing surrounding the property, main sewer line replacement, roof weather coating, and interior remodeling of 2 units. Highly desirable corner lot at the intersection of Buckingham Rd and 29th St with 4 covered garages, 3 of which are vacant and can either be rented for at least $125 each or can be built into 1 or more ADUs to generate further rental income. With current rental upside of 34%, the building presents an amazing value add opportunity in an unbeatable location close to Downtown LA, the 10 freeway, and the Westside. All units are currently eligible for City of LA 4% annual rent increase, which buyer can implement immediately to bring annual income to $110,719.20 and GRM to 13.5!

Location

State CA

County Los Angeles

Zoning Assessor

Direction Buckingham Rd and W 29th St

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Tax ID 5050012025

MLS Router / San Diego MLS
Listed by Anie Mayelian Keller Williams Realty Calabasas

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Richard Combs

Richard Combs

Broker | License ID: 01526804

+1(619) 838-9307

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2853 Buckingham Road

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