Property Details
About this Property
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!
MLS Listing Information
MLS #
CRSR25095596
MLS Source
California Regional MLS
Days on Site
23
Interior Features
Appliances
Other
Exterior Features
Pool
None
Parking, School, and Other Information
Garage/Parking
Garage: 4 Car(s)
HOA Fee
$0
Contact Information
Listing Agent
Anie Mayelian
Keller Williams Realty Calabasas
License #: 00778825
Phone: –
Co-Listing Agent
Aleen Mayelian
Keller Williams Realty Calabasas
License #: 02198281
Phone: –
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | – | 4 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
2853 Buckingham Rd is a Residential Income in Los Angeles, CA 90016. This – square foot property sits on a 7,000 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,549,000 and was built in 1930. This address can also be written as 2853 Buckingham Rd, Los Angeles, CA 90016.
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This listing information is up-to-date as of May 01, 2025. For the most current information, please contact Anie Mayelian
