Search
2853 Buckingham Rd, Los Angeles, CA 90016
View Photos

2853 Buckingham Rd Los Angeles, CA 90016

$1,570,000 Sold Price as of 03/22/2021
  • 8 Beds
  • 4 Baths
  • 5,207 Sq.Ft.
Sold
$1,570,000 Sold Price as of 03/22/2021 Refinance Your Mortgage
Map preview of 2853 Buckingham Rd, Los Angeles, CA 90016

Property Overview: 2853 Buckingham Rd Los Angeles, CA has 8 bedrooms, 4 bathrooms, 5,207 living square feet and 7,000 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 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 | BRE #00778825 | Keller Williams Encino-Sherman Oaks
Last checked: 9 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 13

Home details

Lot Sq. Ft
7,000
HOA Dues
$0/mo
Year built
1930
Garage
4 Car
Property Type:
Multi Family
Status
Sold
MLS#
SR21012707
City
Los Angeles
County
Los Angeles
Time on Site
1212 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Electric Meters: 5
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,520
  • Total Rent: $1,520
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,400
  • Total Rent: $2,400
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,400
  • Total Rent: $2,400
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,095
  • Total Rent: $2,095
  • Pro Forma/Market Rent: $2,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $104,280
  • Net Operating Income: $74,119
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $27,033
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $20,988
  • Trash: $0
  • Gardener: $900
  • Insurance: $2,258
  • Water/Sewer: $2,887

Property Details for 2853 Buckingham Rd

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Inside
Room Information
  • Flooring: Laminate, Tile, Wood
Interior Features
  • Copper Plumbing Partial
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
Lot Information
  • Lot Features: Corner Lot, Lawn
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 5050012025
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Buckingham Rd and W 29th St
Neighborhood Information
  • Community Features: Sidewalks, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 2853 Buckingham Rd

Last sold for $1,570,000 on March 22nd, 2021

  • March, 2021

  • Mar 24, 2021

    Date

    Sold

    CRMLS: SR21012707

    $1,570,000

    Price

  • Feb 2, 2021

    Date

    Active Under Contract

    CRMLS: SR21012707

    $1,650,000

    Price

  • Jan 27, 2021

    Date

    Price Change

    CRMLS: SR21012707

    $1,650,000

    Price

  • Jan 20, 2021

    Date

    Active

    CRMLS: SR21012707

    $1,675,000

    Price

  • January, 2021

  • Jan 20, 2021

    Date

    Canceled

    CRMLS: SR20229300

    $1,675,000

    Price

  • Oct 30, 2020

    Date

    Active

    CRMLS: SR20229300

    $1,675,000

    Price

  • Listing provided courtesy of CRMLS

    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 $1,675,000, you'll get 3 remodeled units with actual income of $104,280 and a current CAP rate of 4.4%. 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.

  • October, 2020

  • Oct 30, 2020

    Date

    Canceled

    CRMLS: SR20193697

    $1,695,000

    Price

  • Sep 17, 2020

    Date

    Active

    CRMLS: SR20193697

    $1,695,000

    Price

  • Listing provided courtesy of CRMLS

    Exceptional Spanish style 4 plex located in the West Adams area of Los Angeles. 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 $1,695,000, you'll get 3 remodeled units with actual income of $104,280 and a current CAP rate of 4.4%. Utilizing rent raises through capital improvements and unit renovations increase CAP to 5.3%. The well-maintained building features two 3 bedrooms /1 bathroom units and two 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. Property profile states four 2 bedrooms/ 1 baths. 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.

  • September, 2020

  • Sep 17, 2020

    Date

    Canceled

    CRMLS: SR20176682

    $1,749,000

    Price

  • Aug 27, 2020

    Date

    Active

    CRMLS: SR20176682

    $1,749,000

    Price

  • Listing provided courtesy of CRMLS

    Exceptional Spanish style 4 plex located in the West Adams area of Los Angeles. 2853 Buckingham is a cash-flowing 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 $1,749,000, you'll get 3 remodeled units with actual income of $104,280 and a current CAP rate of 4.2%. Utilizing rent raises through capital improvements and unit renovations increase CAP to 5.3%. The well-maintained building features two 3 bedrooms /1 bathroom units and two 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. Property profile states four 2 bedrooms/ 1 baths. 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.

  • May, 2015

  • May 18, 2015

    Date

    Sold (Public Records)

    Public Records

    $873,000

    Price

  • December, 1998

  • Dec 31, 1998

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 2853 Buckingham Rd

Assessed Value (2020): $959,368
Year Land Value Improved Value Assessed Value
2020 $673,646 $285,722 $959,368

Home Value Compared to the Market

This property vs the competition

2853 Buckingham Rd sold on March 22, 2021 for 38.66% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $316.88 per/sqft which puts the price per square foot 58.03% lower than the current median sale per square foot for the city of Los Angeles.

About 2853 Buckingham Rd

Detailed summary of property

2853 Buckingham Rd is a multi family that recently sold in Los Angeles, CA 90016. This multi family property offered 8 bedrooms, 4 bathrooms, roughly 5,207 living square feet, and sits on an approximately 7,000 square foot lot. 2853 Buckingham Rd was first listed on ArdentRealEstateGroup.com on January 20, 2021. The homeowner sold the property for $1,570,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 38.66% higher than the current median priced home. Local homes that are currently for sale include 2822 7th Ave, 1717 Crenshaw Blvd and 1726 Crenshaw Blvd. While the average home in Los Angeles, CA is selling in 94 days, 2853 Buckingham Rd has a days on market of 13 days. There are currently 3654 homes for sale in the Los Angeles real estate market and 2456 of them are single family homes while 1102 of them are condos and 90 are townhomes. For more information on this home for sale at 2853 Buckingham Rd Los Angeles, CA 90016 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2853 Buckingham Rd

Public county record property details
Beds
8
Baths
4
Year built
1930
Sq. Ft.
5,207
Lot Size
6,999
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
406
APN
5050-012-025

The source for these homes facts are from public records.

90016 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,060,000
Median List Price/Sq.Ft.
$740
Median Sold Price
$885,000
Median Sold Price/Sq.Ft.
$699
Total Inventory
76
Median Sale to List Price %
98.44%
Avg Days on Market
30
Loan Type
Conventional (21.05%), FHA (0%), VA (0%), Cash (10.53%), Other (10.53%)

Thinking of Selling?

Image Description
Is this your property?
Thinking of Selling?
Call, Text or Message
(714) 706-1823

Homes for Sale Near 2853 Buckingham Rd

Nearby Homes for Sale

3809 W 30th St, Los Angeles, CA 90016
$1,350,000
13 Beds
10 Baths
5213 Sq.Ft.
3809 W 30th St
Los Angeles, CA 90016
2818 S Bronson Ave, Los Angeles, CA 90018
$1,525,000
15 Beds
12 Baths
4754 Sq.Ft.
2818 S Bronson Ave
Los Angeles, CA 90018
2954 S Norton Ave, Los Angeles, CA 90018
$1,548,000
18 Beds
9 Baths
3340 Sq.Ft.
2954 S Norton Ave
Los Angeles, CA 90018
2314 Crenshaw Blvd, Los Angeles, CA 90016
$1,500,000
20 Beds
10 Baths
5184 Sq.Ft.
2314 Crenshaw Blvd
Los Angeles, CA 90016
3044 Edgehill Dr, Los Angeles, CA 90018
$1,640,000
8 Beds
8 Baths
7574 Sq.Ft.
3044 Edgehill Dr
Los Angeles, CA 90018
4723 Pickford St, Los Angeles, CA 90019
$1,497,000
4 Beds
4 Baths
2476 Sq.Ft.
4723 Pickford St
Los Angeles, CA 90019
Open Sun 2pm-4pm
4526 St Elmo Dr, Los Angeles, CA 90019
$1,795,000
8 Beds
7 Baths
3620 Sq.Ft.
4526 St Elmo Dr
Los Angeles, CA 90019
2622 S Orange Dr, Los Angeles, CA 90016
$1,595,000
9 Beds
5 Baths
3764 Sq.Ft.
2622 S Orange Dr
Los Angeles, CA 90016
2747 S Mansfield Ave, Los Angeles, CA 90016
$1,395,000
4 Beds
4 Baths
2630 Sq.Ft.
2747 S Mansfield Ave
Los Angeles, CA 90016
2720 S Sycamore Ave, Los Angeles, CA 90016
$1,300,000
8 Beds
5 Baths
2600 Sq.Ft.
2720 S Sycamore Ave
Los Angeles, CA 90016
1637 S Highland Ave, Los Angeles, CA 90019
$1,295,000
4 Beds
3 Baths
2676 Sq.Ft.
1637 S Highland Ave
Los Angeles, CA 90019
1814 S Sycamore Ave, Los Angeles, CA 90019
$1,300,000
8 Beds
4 Baths
3376 Sq.Ft.
1814 S Sycamore Ave
Los Angeles, CA 90019

Recently Sold Homes Near 2853 Buckingham Rd

2836 Buckingham Rd, Los Angeles, CA 90016
$970,000 Last Sold Price
7 Beds
6 Baths
2540 Sq.Ft.
2836 Buckingham Rd
Los Angeles, CA 90016
2823 Virginia Rd, Los Angeles, CA 90016
$3,200,000 Last Sold Price
14 Beds
15 Baths
6463 Sq.Ft.
2823 Virginia Rd
Los Angeles, CA 90016
2821 Virginia Rd, Los Angeles, CA 90016
$2,650,000 Last Sold Price
13 Beds
12 Baths
5304 Sq.Ft.
2821 Virginia Rd
Los Angeles, CA 90016
2848 Virginia Rd, Los Angeles, CA 90016
$3,240,000 Last Sold Price
16 Beds
16 Baths
6348 Sq.Ft.
2848 Virginia Rd
Los Angeles, CA 90016

Related Resources to 2853 Buckingham Rd

New Listings in 90016
Popular Zip Codes
Popular Cities
Other Los Angeles Resources

Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Refi Quote