Explore this quintessential Spanish duplex located in prime West Adams. The property offers multiple investment opportunities due to its RD1.5 zoning and 7,000 sq. ft. lot size. Delivered Vacant and located in an Opportunity Zone, 2847 Buckingham Road has the ability to quickly transform into its highest and best use. As it stands, the current duplex combines charm with modern amenities. Each unit offers its own private entry, spacious living rooms with bright, classic Spanish windows, original wood floors, fully equipped kitchens, laundry areas, two well-sized bedrooms, and naturally lit bathrooms. A newer concrete driveway leads from a gated front yard to a rear parking area with four garages. Development potential allows multiple possibilities (Buyer to verify): 1) Build 4 rental units with ADU(s), taking advantage of the flexibility the state laws now permit. 2) Pursue finishing the already in plan check project for a 4-unit small lot subdivision - each lot with a 3 or 4 story single family home measuring over 1,950 sq. ft of liveable space. 3) Explore the possibility of using Transit Oriented Community incentives as the property is in a Tier 3 TOC. 4) Upgrade the current duplex and add additional ADU(s). Just south of the 10 Freeway, near popular hot spots like Johnny's Pastrami, Cento, as well as Highly Likely, and only a short bike ride from the Farmdale Ave Expo Line Station, this property promises connectivity and convenience.
Sold for $139,500 on 06/11/24
$139,500
2847 Buckingham Rd, Los Angeles, CA 90016
4beds
0baths
2,466sqft
Multi Family
Built in 1924
-- sqft lot
$861,800 Zestimate®
$57/sqft
$2,921 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Source: Douglas Elliman,MLS#: 24-356195
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 0
Interior area
- Total structure area: 2,466
- Total interior livable area: 2,466 sqft
Property
Parking
- Total spaces: 4
- Parking features: GarageDetached
- Has garage: Yes
Lot
- Size: 6,969 sqft
Details
- Parcel number: 5050012021
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Multi Family
Condition
- Year built: 1924
Community & neighborhood
Location
- Region: Los Angeles
- Subdivision: Mid L.A.
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Estimated market value
$861,800