2853 Buckingham Road
2853 Buckingham Road
Closed 3/22/21
Closed 3/22/21
Description
4.5%. Utilizing rent raises through capital improvements...Price reduced! Exceptional Spanish style 4 plex located in the West Adams area of Los Angeles. Located in the opportunity zone which can offer powerful tax incentives for investors. 2853 Buckingham is a stunning property located within 3 miles from the USC, 5 miles to LA Live/Staples Center and 4.5 miles from the Grove. For an unbeatable price of $1,650,000, you'll get 3 remodeled units with actual income of $104,280 and a current CAP rate of
4.5%. Utilizing rent raises through capital improvements and unit renovations increase CAP to 5.3%. The well-maintained building features four 2
bedrooms/1 bathroom units in the 2-story property with spacious floor plans and 4 car parking garages. The property is approximately 5,207
rentable sq/ft per assessor situated on 7,000 sq/ft lot per assessor. Each apartment has an in-unit washer/dryer room. Actual income of $104,280. Separately metered for gas/electric and individual water heaters. Buyer to verify square footage, bedroom/bathroom count, lot size, permitted or
unpermitted spaces and all other features of the property. Buyers to independently investigate the accuracy of all the information pertaining to the
property and conduct their own due diligence through appropriate professionals.
- Listed by Anie Mayelian • DRE #00778825 • Brokerage DRE #01811831 • Keller Williams Encino-Sherman Oaks
Property Details for 2853 Buckingham Road
Location
Sold By Keller Williams Encino-Sherman Oaks, Anie Mayelian, DRE #00778825
Property Details for 2853 Buckingham Road
| Status | Closed |
|---|---|
| MLS # | SR21012707 |
| Days on Market | 13 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1930 |
| Lot Size | 0.16 AC / 7,000 SF |
| County | Los Angeles County |
Location
Sold By Keller Williams Encino-Sherman Oaks, Anie Mayelian, DRE #00778825
Building Information for 2853 Buckingham Road
Payment Calculator
$10,256 per month
30 year fixed, 7.25% Interest
$8,568
$1,688
$0
Property Information for 2853 Buckingham Road
- Gross Income: $104,280
- Gross Scheduled Income: $104,280
- Net Operating Income: $74,119
- Financing: Cash To New Loan
- Operating Expense: $27,033
- New Taxes Expense: $20,988
- Gardener Expense: $900
- Fuel Expense: $0
- Electric Expense: $0
- Insurance Expense: $2,258
- Trash Expense: $0
- Water Sewer Expense: $2,887
- Total Expenses: $27,033
- Tax Tract Number: 5780
- Tax Census Tract: 2200.00
- Tax Lot: 406
- Community Features: Sidewalks, Street Lights
- Interior Features: Copper Plumbing Partial
- Laundry: Yes
- Laundry Features: Inside
- Cooling: None
- Heating: Wall Furnace
- Flooring: Laminate, Tile, Wood
- Pool Features: None
- Pool Description: None
- Lot Features: Corner Lot, Lawn
- Number Of Units: 4
- Land Lease: No
- Land Lease Type: Fee
- Sewer: Public Sewer
- Water Source: Public
- Garage Spaces: 4
- Parking Garage Spaces: 4
- Carport Spaces: 0
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $1,520
- Unit Type Total Rent: $1,520
- Unit Type Pro Forma: 2400
- Unit Type Type: 1
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $2,400
- Unit Type Total Rent: $2,400
- Unit Type Pro Forma: 2400
- Unit Type Type: 2
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $2,400
- Unit Type Total Rent: $2,400
- Unit Type Pro Forma: 2500
- Unit Type Type: 3
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $2,095
- Unit Type Total Rent: $2,095
- Unit Type Pro Forma: 2500
- Unit Type Type: 4
- Rent Controlled: Yes
- Number Of Buildings: 2
- Number Of Separate Electric Meters: 5
- Number Of Separate Gas Meters: 4
- Number Of Separate Water Meters: 1
Property History for 2853 Buckingham Road
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 2853 Buckingham Road
Schools near 2853 Buckingham Road
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Charter - | K to 8 |
Rating | School | Distance |
|---|---|---|
Virginia Road Elementary School PublicK to 5 | ||
Johnnie Cochran, Jr., Middle School Public6 to 8 | ||
Susan Miller Dorsey Senior High School Public9 to 12 | ||
ISANA Nascent Academy CharterK to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Keller Williams Encino-Sherman Oaks, Anie Mayelian, DRE #00778825
Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.