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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

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    $2,921/mo

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    $2,921/mo

    Rent Zestimate®

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    $857/mo

    Est. payment

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    $857/mo

    Est. payment

    What's special

    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.

    Zillow last checked: 8 hours ago

    Source: Douglas Elliman,MLS#: 24-356195MLS Logo

    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