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2853 Buckingham Road, Los Angeles, California 90016, Los Angeles, 90016 - bed, bath

2853 Buckingham Road, Los Angeles, California 90016 home-pic-0
ACTIVE$1,499,000
2853 Buckingham Road, Los Angeles, California 90016
0Bed
0Bath
5,207Sqft
7,000Lot
Year Built
1930
Close
-
List price
$1.5M
Original List price
$1.55M
Price/Sqft
$288
HOA
-
Days on market
-
Sold On
-
MLS number
SR25095596
Home ConditionGood
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.50M(57th), sqft - 5207(71th), beds - undefined(50th), baths - undefined(50th).

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!

Nearby schools

5/10
Virginia Road Elementary School
Public,•K-5•0.1mi
5/10
Cienega Elementary School
Public,•K-5•0.7mi
4/10
Alta Loma Elementary School
Public,•K-5•0.9mi
3/10
Sixth Avenue Elementary School
Public,•K-5•1.0mi
3/10
Arlington Heights Elementary School
Public,•K-5•1.2mi
6/10
Marvin Elementary School
Public,•K-5•1.4mi
6/10
Baldwin Hills Elementary School
Public,•K-5•1.5mi
3/10
Johnnie Cochran, Jr., Middle School
Public,•6-8•1.2mi
2/10
Audubon Middle School
Public,•6-8•1.5mi
3/10
Daniel Webster Middle School
Public,•6-8•5.4mi
2/10
Susan Miller Dorsey Senior High School
Public,•9-12•0.5mi
6/10
Alexander Hamilton Senior High School
Public,•9-12•2.8mi

Price History

Date
Event
Price
08/08/25
Price Change
$1,499,000
04/30/25
Listing
$1,549,000
03/22/21
Sold
$1,570,000
05/18/15
Sold
$873,000
Condition Rating
Good
While built in 1930, the property has undergone significant recent improvements, including exterior paint, new fencing, main sewer line replacement, roof weather coating, and interior remodeling of 2 out of 4 units. The images show updated kitchens with granite countertops and modern cabinetry, and clean laminate flooring in living areas. These updates, along with in-unit washer/dryers and individual water heaters, indicate a well-maintained building with functional systems and move-in ready units, aligning with the 'Good' condition criteria for properties extensively renovated within the last 5-15 years.
Pros & Cons

Pros

Exceptional Value-Add Potential: The property offers significant 34% rental upside, immediate 4% annual rent increase eligibility, and clear potential for ADU conversion from vacant garages, presenting a strong investment opportunity.
Strategic Location & Corner Lot: Located in the highly desirable West Adams neighborhood, providing excellent access to Downtown LA, the 10 Freeway, and the Westside, further enhanced by a prominent corner lot.
Opportunity Zone Tax Benefits: Situated within an Opportunity Zone, which offers powerful tax incentives for investors, significantly enhancing the long-term financial appeal.
Recent Capital Improvements: The building has undergone substantial recent upgrades including exterior paint, new fencing, main sewer line replacement, and roof weather coating, reducing immediate capital expenditure for a new owner.
Desirable Unit Amenities: Each unit features highly sought-after in-unit washer/dryers and individual water heaters, which are strong tenant draws and reduce landlord utility responsibilities.

Cons

Partial Unit Modernization: Only two of the four units have been remodeled, indicating that the remaining two units may require future investment for interior upgrades to maximize rental income potential.
Rent Control Limitations: While immediate rent increases are possible, the property is subject to the City of LA's 4% annual rent increase cap, which limits aggressive future rent growth beyond this percentage.
Property Age & Unspecified Systems: Built in 1930, the property's age suggests potential for older electrical or plumbing systems (beyond the main sewer line) that may require future upgrades not covered by the recent improvements.

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