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2853 Buckingham Road, 
Los Angeles, CA 90016

$1,549,000


Bed


Bath


-

Sq Ft


Multi-Family

Active

Listed by

Anie Mayelian

Aleen Mayelian

Keller Williams Realty Calabasas

Last updated:

May 3, 2025, 02:14 PM

MLS#

SR25095596

Source:

SANDICOR

About This Home

2853 Buckingham Road

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!

Home Facts

Multi-Family

Price Summary

1,549,000

MLS #:

SR25095596

Last Updated:

May 3, 2025, 02:14 PM

Added:

3 day(s) ago


Lot

Lot Size (Sq. Ft):

7,000


Finances & Disclosures

Finances

Price:

$1,549,000

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