2853 Buckingham Road, Los Angeles, CA 90016
Local realty services provided by:Better Homes and Gardens Real Estate Clarity
2853 Buckingham Road,Los Angeles, CA 90016
$1,499,000
- 8 Beds
- 4 Baths
- - sq. ft.
- Multi-family
- Active
Listed by:anie mayelian
Office:keller williams realty calabasas
MLS#:SR25095596
Source:SANDICOR
Price summary
- Price:$1,499,000
About this home
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!
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Home facts
- Listing Id #:SR25095596
- Added:107 day(s) ago
- Updated:August 16, 2025 at 01:56 PM
Rooms and interior
- Bedrooms:8
- Total bathrooms:4
Finances and disclosures
- Price:$1,499,000
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