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    2853 Buckingham Road

    Los Angeles, CA 90016
    • $1,650,000
    • STATUS: Active Under Contract
    • ON SITE: 39 days
    • ID#: SR21012707
    Under Contract
    UPDATED: 85 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.

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    Based on information from CRISNet MLS as of 2021-03-01T15:56:43.08. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Based on information from the i-Tech MLS as of 2021-03-01T15:56:43.08. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.corrieluxuryhomes.com/homes/113442652
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    2853 Buckingham Road Los Angeles, CA 90016

    • Price: $1,650,000
    • Status: Active Under Contract
    • Updated: 85 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

    Lot Features Corner LotLawn Lot Size Area 7000.0000 Parking Total 4.00

    Interior Features

    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 Laundry YN Yes

    Property Features

    Additional Parcels YN No Community Features SidewalksStreet Lights Electric Expense 0.00 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 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 Pool Features None Pool Private YN No Property Attached YN No 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 Zoning Lard1.5

    Listing provided courtesy of Anie Mayelian, CA DRE# 00778825, of Keller Williams Encino-Sherman Oaks.


    Based on information from CRISNet MLS as of 2021-03-01T15:56:43.08. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Based on information from the i-Tech MLS as of 2021-03-01T15:56:43.08. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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