2847 Buckingham Rd, Los Angeles, CA 90016

$1,299,000
4
BD
2
BA
2,466
SqFt
List Price
$1,299,000
MLS#
24-356195
Year Built
1924
Bedrooms
4
Bathrooms
2
Living Sq. Ft
2,466
Lot Size
7,002
Days on Market
25
Property Type
Multifamily
Style
Spanish

Property Description

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.

Additional Information

Other Buildings
None
Heat
Wall
Cooling
Ceiling Fan
Number of Cars in Garage
Detached

Mortgage Calculator

Amount of Loan
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Calculator source: Real Geeks

Courtesy of Douglas Elliman, Michael Druker - CA DRE#02023164

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