Skip To Content
    Return to Previous Page

    2853 Buckingham Road

    Los Angeles (City), CA 90016
    • $1,650,000
    • STATUS: Active Under Contract
    • ON SITE: 40 days
    • ID#: SR21012707
    Under Contract
    UPDATED: 29 min ago
    $1,650,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,207
      SQFT
    • $317
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1930
    County:

    School Ratings & Info

    Description

    PRICE REDUCED! Exceptional Spanish style 4 plex located in the West Adams area of Los Angeles. Located in the opportunity zone which can offer powerful tax incentives for investors. 2853 Buckingham is a stunning property located within 3 miles from the USC, 5 miles to LA Live/Staples Center and 4.5 miles from the Grove. For an unbeatable price of $1,650,000, you'll get 3 remodeled units with actual income of $104,280 and a current CAP rate of4.5%. Utilizing rent raises through capital improvements and unit renovations increase CAP to 5.3%. The well-maintained building features four 2bedrooms/1 bathroom units in the 2-story property with spacious floor plans and 4 car parking garages. The property is approximately 5,207rentable sq/ft per assessor situated on 7,000 sq/ft lot per assessor. Each apartment has an in-unit washer/dryer room. Actual income of $104,280.Separately metered for gas/electric and individual water heaters. Buyer to verify square footage, bedroom/bathroom count, lot size, permitted orunpermitted spaces and all other features of the property. Buyers to independently investigate the accuracy of all the information pertaining to theproperty and conduct their own due diligence through appropriate professionals.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-03-02T12:28:37.557. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Zen Ziejewski and Team | Keller Williams Realty. Licensed in the State of California, USA.

    www.homefinderorangecounty.com/homes/113441242
    Print Image

    2853 Buckingham Road Los Angeles (City), CA 90016

    • Price: $1,650,000
    • Status: Active Under Contract
    • Updated: 29 min ago
    • ID#: SR21012707
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    5,207
    SQFT
    $317
    $/SQFT
    1930
    Built
    Neighborhood:
    C16 - Mid Los Angeles
    County:
    Los Angeles
    Area:
    C16 - Mid Los Angeles
    Property Description
    PRICE REDUCED! Exceptional Spanish style 4 plex located in the West Adams area of Los Angeles. Located in the opportunity zone which can offer powerful tax incentives for investors. 2853 Buckingham is a stunning property located within 3 miles from the USC, 5 miles to LA Live/Staples Center and 4.5 miles from the Grove. For an unbeatable price of $1,650,000, you'll get 3 remodeled units with actual income of $104,280 and a current CAP rate of4.5%. Utilizing rent raises through capital improvements and unit renovations increase CAP to 5.3%. The well-maintained building features four 2bedrooms/1 bathroom units in the 2-story property with spacious floor plans and 4 car parking garages. The property is approximately 5,207rentable sq/ft per assessor situated on 7,000 sq/ft lot per assessor. Each apartment has an in-unit washer/dryer room. Actual income of $104,280.Separately metered for gas/electric and individual water heaters. Buyer to verify square footage, bedroom/bathroom count, lot size, permitted orunpermitted spaces and all other features of the property. Buyers to independently investigate the accuracy of all the information pertaining to theproperty and conduct their own due diligence through appropriate professionals.
    Exterior Features

    Garage Spaces 4.00 Lot Features Corner LotLawn Lot Size Source Assessor Lot Size Units Square Feet Parking Total 4.00 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Cooling None Cooling YN No Flooring LaminateTileWood Heating Wall Furnace Heating YN Yes Interior Features Copper Plumbing Partial Laundry Features Inside

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features SidewalksStreet Lights Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gardener Expense 900.00 Gross Income 104280.00 Gross Scheduled Income 104280.00 Insurance Expense 2258.00 Land Lease YN No Laundry YN Yes Net Operating Income 74118.82 New Construction YN No New Taxes Expense 20988.00 Number Of Separate Electric Meters 5 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Operating Expense 27032.70 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 27032.80 Trash Expense 0.00 Water Sewer Expense 2886.80 Water Source Public Year Built Source Assessor Zoning Lard1.5

    Listing provided courtesy of Anie Mayelian of Keller Williams Encino-Sherman Oaks


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-03-02T12:28:37.557. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Zen Ziejewski and Team | Keller Williams Realty. Licensed in the State of California, USA.

     
    https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_365118442-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_365118442-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_365118442-1.jpg
    Logo
    Zen Ziejewski and Team | Keller Williams Realty
    27101 Puerta Real #150
    Mission Viejo CA, 92691