2853 Buckingham Road

Los Angeles, CA 90016

  • 8 Bed(s)
  • 4 Bath(s)
  • 5,207 Sqft
  • 7000
    Sqft(Lot)
$1,549,000

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 13.9!

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    49569437

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

  • Building Information

    • Year Built: 1930
    • Building Area Total: 5,207

    Pool Features

    • None

    Laundry Features

    • Inside

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1607
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 7000

  • Listing Price Information

    • Original List Price: 1,549,000
    • Listing Contract Date: 2025-04-30

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 5050012025

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: C16 - Mid Los Angeles
    • Postal Code Plus 4: 3646
    • Directions: Buckingham Rd and W 29th St
    • Zoning: LARD1.5
    • Source Property Type: Residential Income
    • Area: C16 - Mid Los Angeles
    • Property SubType: Quadruplex

    Building and Construction

    • Property Age: 95
    • Common Walls: No Common Walls
    • Structure Type: Quadruplex
    • Year Built Source: Assessor
    • Entry Location: ground
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BuyOwner last updated this listing 05/13/2025 @ 21:16

  • MLS: SR25095596
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 8 bedrooms which is for sale, it has 5,207 sqft, 7,000 sized lot, and 4 parking. are nearby neighborhoods.