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2847 Buckingham Road

Los Angeles (City), CA 90016
  • $1,299,000
  • STATUS: Active
  • ON SITE: 14 Days
  • ID#: 24356195
UPDATED: 21 min ago
$1,299,000
  • 4
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,466
    SQFT
  • $527
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1924
County:

School Ratings & Info

Listing Agent(s): Michael Druker of Douglas Elliman (310-595-3888) and Tyler Drinkwater of Douglas Elliman(310-595-3888)


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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-02-24T20:38:52.963. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or COMPASS. Licensed in the State of California, USA.
www.reiferhomes.com/homes/147444873
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2847 Buckingham Road Los Angeles (City), CA 90016

  • Price: $1,299,000
  • Status: Active
  • On Site: 14 Days
  • Updated: 21 min ago
  • ID#: 24356195
4
Beds
0
Baths
0
½ Baths
0.16
Acres
2,466
SQFT
$527
$/SQFT
1924
Built
Neighborhood:
C16 - Mid Los Angeles
County:
Los Angeles
Area:
C16 - Mid Los Angeles
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.
Exterior Features

Architectural Style Spanish Attached Garage YN No Parking Total 4

Interior Features

Appliances DishwasherRefrigeratorDryerWasher Heating Wall Furnace Heating YN Yes

Property Features

Association YN No Gross Income 0 Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 0 New Construction YN No Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 100 Zoning LARD1.5



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-02-24T20:38:52.963. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or COMPASS. Licensed in the State of California, USA.
 
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COMPASS
6930 Indiana Ave, Suite 1
Riverside CA, 92506
Listing Agent(s): Michael Druker of Douglas Elliman (310-595-3888) and Tyler Drinkwater of Douglas Elliman(310-595-3888)