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2800 Buckingham Rd
For Sale $1,525,000 ($346.43 per Sq Ft)
$1,525,000 ($346.43 per Sq Ft)
- 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
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 |
Listing Provided By
Scott Butler an agent of . Lic #01846093
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