2800 Buckingham Rd, Los Angeles, CA 90016 | For Sale

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For Sale $1,525,000 ($346.43 per Sq Ft)

$1,525,000 ($346.43 per Sq Ft)
  • (0)
  • 5 Units
  • 4,402 Sq Ft
  • 6,552 Sq Ft
  • Unknown Cap Rate

Description

Historical Mid-City Spanish Revival compound awaits the astute builder or end-user to dream, reimagine and partially revitalize at least three out of 5 of the property's "vacant units" to its original luster or to opt to modify its design. A rare value-add opportunity for the talented "Big Picture" developer. Built in 1925, the main house, 2bed/1bath (4516 28th Ave.) is approximately 1,008 sq. ft. and faces north while each of the charming 4 (1bed/1bath) units offer approx. 848 sq. ft., affording tenants a spacious living area complete with washer/dryer hookups and both front and back doors. There are four garages and a small storage room on the property. Located in a strong rental market area and available for sale for the first time in 60 years, this property (two structures) is being sold "As-Is.," and sits on an approx. 6,552 sq. ft. corner lot. A fabulous neighborhood with proximity to LAX, downtown Los Angeles, Santa Monica, (10 Fwy), Culver City, Beverly Hills, West Adams, and an abundance of diverse culinary options from farmers markets to Whole Foods, Normandie Bakery (Authentic French), posh restaurants, and some of L.A.'s most popular street food vendors.

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Amenities

Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt

Upcoming Open House

Sunday December 8th, 2024
from 2:00 pm - 4:00 pm

View Event

Income

Rental Units


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Expenses

Property Details

List Price $1,525,000
Property Type Multi-Family
Usable Sqft 4,402
Number of Stories 0 stories
Parking Spots 0 spots
Year Built 1925
Last Sold Unknown
Sold Price Unknown
APN # 5050013001
MLS # 24467701
Property ID 291507390
Lot Sqft 6,552
Zoning LARD1.5
Total Units 5
Days on Market 4
Original List Price $1,525,000
Date Updated December 01, 2024
Date Created November 30, 2024
Unit # Beds Baths Current Rent Proforma Rent
Unit #1 2 1.00 $0 $2,800
Unit #2 1 1.00 $0 $2,500
Unit #3 1 1.00 $0 $2,500
Unit #4 1 1.00 $1,200 $2,500
Unit #5 1 1.00 $1,100 $2,500
Gross Income (Yr) $ 13,200
Operating Expenses $ 5,000
Net Income (Yr) $ 0
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Listing Provided By

Scott Butler an agent of . Lic #01846093


© 2024 CARETS and TheMLS. All rights reserved. Based on information from CARETS as of December 01, 2024 The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS 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 website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. 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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