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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$1,485,000
2853 Buckingham Road, Los Angeles, California 90016
0Bed
0Bath
5,207Sqft
7,000Lot
Year Built
1930
Close
-
List price
$1.49M
Original List price
$1.49M
Price/Sqft
$285
HOA
-
Days on market
-
Sold On
-
MLS number
SR25243249
Home ConditionFair
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.49M(57th), sqft - 5207(71th), beds - undefined(50th), baths - undefined(50th).

We are proud 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 garages 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 35%, 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 3% annual rent increase, which buyer can implement immediately to bring annual income to $105,245.40.

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
10/21/25
Listing
$1,485,000
03/22/21
Sold
$1,570,000
05/18/15
Sold
$873,000
Condition Rating
Fair
The property, built in 1930, is aged but appears well-maintained with recent exterior paint, new fencing, main sewer line replacement, and roof weather coating. While the listing mentions 'interior remodeling of 2 units,' the visible kitchen in the images, with its dark wood cabinets, speckled countertops, and tiled floor, suggests a renovation that is functional and clean but likely 15-20 years old, rather than a recent, modern update. The lack of visible kitchen appliances is also a factor. Given that only two of the four units have been remodeled, the overall condition of the building is inconsistent, and the un-remodeled units could be significantly older in style and condition. The property is not 'poor' due to the recent capital improvements and apparent upkeep, but it doesn't meet the 'good' criteria for extensive recent renovation across all units or a contemporary aesthetic.
Pros & Cons

Pros

Investment Potential & Tax Incentives: Located in an Opportunity Zone, offering powerful tax incentives for investors, combined with a significant 35% rental upside and immediate eligibility for a 3% annual rent increase across all units.
Strategic Location & Accessibility: Situated in the highly desirable West Adams neighborhood, providing excellent proximity and easy access to Downtown LA, the 10 freeway, and the Westside.
Recent Capital Improvements: The building has benefited from recent upgrades including exterior paint, new fencing, main sewer line replacement, roof weather coating, and interior remodeling of 2 units, reducing immediate CapEx.
Strong Unit Configuration & Amenities: Comprises four spacious 2-bedroom/1-bath units, each equipped with in-unit washer/dryers and individual water heaters, enhancing tenant appeal and reducing landlord utility costs.
Income Expansion Opportunities: Features 4 covered garages, with 3 currently vacant, offering immediate rental income potential or the significant value-add opportunity of converting them into one or more ADUs.

Cons

Age of Property & Potential for Unforeseen Costs: Built in 1930, the property, despite recent improvements, may still harbor hidden issues in older systems (e.g., electrical, plumbing beyond the main sewer line) that could lead to unexpected capital expenditures.
Partial Unit Remodeling: Only 2 of the 4 units have undergone interior remodeling, implying the remaining two may require additional investment to achieve market-rate rents and maximize tenant appeal, impacting immediate cash flow.
Rent Control Limitations: Operating within Los Angeles's rent control environment, while allowing for a 3% annual increase, limits the landlord's flexibility to significantly adjust rents for existing tenants, potentially slowing the realization of the full rental upside.

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