4178 Buckingham Rd
Los Angeles, CA 90008
18-Unit Opportunity in Baldwin Village · Multifamily Property For Sale · 18 Units

KW Commercial is pleased to present for sale, 4178 Buckingham Road, an 18-unit, value-add, garden style apartment community located in Baldwin Village (90008) on an exceptionally large 28,209 SF corner parcel of land. It is an attractive acquisition in today’s market. Buyers will be expected to comply with all City required retrofit requirements (smoke and carbon dioxide detectors, water conservation, seismic gas shut-off valves, etc,) if necessary, after the close of escrow. Access and interior viewing will be extremely limited. Experience investors with existing portfolios, and who appreciate the current atmosphere, are expected. Built in 1948 and including 18,026 SF of improvements, 4178 Buckingham Road features an exceptional unit composition benefitting an ease of management and rental of units with Ten (10) One Bedroom | One Bath and Eight (8) Two Bedroom | One Bath apartment homes. All apartments include large living spaces, formal dining rooms, metal casement windows with most featuring original hardwood flooring and dishwashers. Select second floor units have city views. All units are separately metered for gas and electric utilities and feature individual water heaters. Eighteen individual garages provide for 18 vehicle parking spaces. The property displays excellent curb appeal, gated entries, mature landscaping, some city lights views on an enormous corner parcel on the quiet intersection of Buckingham Road and San Tomas Drive. Building systems upgrades include new electrical service meters / panels in 2015 and earthquake gas shut-off valves in 2016. The property is NOT on the City of Los Angeles’ list of buildings requiring soft-story retrofit. Proximity to employment, lifestyle, and retail centers in the heart of Los Angeles and within immediate proximity to the offering make these apartment units extremely desirable to the area’s renter demographics. The property’s proximity to employers and cultural venues in Culver City (4 miles), Fox Hills Mall (5.4 miles) and the much-anticipated Inglewood Sports & Entertainment Complex (5.3 miles) make this location an excellent draw for future residents. Nearby family cultural highlights include the a) Baldwin Hills scenic overlook and hiking trail with views of the Pacific Ocean is to the west and Downtown Los Angeles to the east and the b) Kenneth Hahn State Regional Park - recreation area and preservation of native habitats. The property offers investors a unique and rare balance between strong current income and meaningful rental upside for future vacant apartments.