Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1930
Sq.Footage
N/A
We are proud present an exceptional Spanish style 4-unit building in the heart of West Adams. Built in 1930, the subject consists of four spacious 2 bedroom / 1 bath units each with Spanish style details and charm, in-unit washer/dryers, and individual water heaters. Located in an opportunity zone which can offer powerful tax incentives for investors. Recent improvements to the well-maintained building include exterior paint, new fencing surrounding the property, main sewer line replacement, roof weather coating, and interior remodeling of 2 units. Highly desirable corner lot at the intersection of Buckingham Rd and 29th St with 4 covered garages. 3 garages are vacant and can either be rented for at least $125 each or can be built into 1 or more ADUs to generate further rental income. With current rental upside of 35%, the building presents an amazing value add opportunity in an unbeatable location close to Downtown LA, the 10 freeway, and the Westside. All units are currently eligible for City of LA 3% annual rent increase, which buyer can implement immediately to bring annual income to $105,245.40.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Pet friendly
N/A
Exterior
-
Garage
Yes
-
Garage spaces
4
-
Pool
Yes
-
Pool Features
None
Area & Lot
-
Lot Size(acres)
0.1607
-
Property Type
Residential Income
-
Property Sub Type
Quadruplex
Price
-
Sales Price
$1,485,000
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
NO
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
2
-
Senior Community YN
NO
-
Sewer
Public Sewer
-
Tax Lot
406
-
Water Source
Public
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Location
County
Los Angeles
Elementary School
Middle School
High School
Listing Courtesy of Anie Mayelian , Keller Williams Realty Calabasas
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