3031 Buckingham Road
$1,000,000
6,580 / 0.15
Pending
Description
Prime Development Opportunity in West Adams 3031 Buckingham Rd, Los Angeles, CA 90016: Attention Developers and Investors! This is an exceptional opportunity to acquire a 6,580 sq ft flat lot in the heart of the booming West Adams neighborhood, offering endless possibilities for a profitable fourplex or more development. The property is zoned LARD RD1.5-1, providing favorable zoning for maximizing density and affordable housing bonuses. Situated just steps away from West Adams Boulevard, this lot...Prime Development Opportunity in West Adams 3031 Buckingham Rd, Los Angeles, CA 90016: Attention Developers and Investors! This is an exceptional opportunity to acquire a 6,580 sq ft flat lot in the heart of the booming West Adams neighborhood, offering endless possibilities for a profitable fourplex or more development. The property is zoned LARD RD1.5-1, providing favorable zoning for maximizing density and affordable housing bonuses. Situated just steps away from West Adams Boulevard, this lot is within walking distance of some of the city's most popular dining spots, boutique shops, and social clubs, including Tartine, Mizlala, Alta Adams, The Gathering Spot LA, and more. This makes it a highly desirable location for future residents who want to experience the vibrant local lifestyle. For developers looking to sell off units as Tenancies in Common (TIC), this property presents a prime opportunity. Similar TIC projects in the area have shown remarkable success. Additionally, with the property located in an Opportunity Zone, there are significant tax benefits and incentives available, making it an attractive investment. Key Features: 6,580 sq ft flat lot with ideal zoning for multi-unit development, LARD RD1.5-1, zoning allows for increased density and affordable housing incentives, Prime West Adams location close to high-end dining, shopping, and entertainment, Ideal for TIC or rental property development in an area with strong demand Opportunity Zone benefits for long-term tax advantages, Proximity to major employment centers and transportation corridors. This is a rare chance to develop in one of Los Angeles' fastest-growing neighborhoods, with high rental demand and strong appreciation potential. Buyer to verify all information and conduct due diligence regarding the development possibilities. Don't miss out on creating a landmark project in one of LA's most sought-after areas!
- Listed by Joseph Norfleet • DRE #01304280 • Brokerage DRE #00986597 • Bankers Realty Exclusive, Inc.
Property Details for 3031 Buckingham Road
Water Front
None
ZoningLARD1.5
Parcel Number5050026047
AreaMid Los Angeles (C16)
Lot Size Area6580
Source Lot Size AreaAssessor
Assessor Parcel Number5050-026-047
DirectionsWest of Crenshaw. East of La Brea. North of Jefferson. South of Adams.
LISTING UPDATED: 11/19/2024 07:55 AM
Property Details for 3031 Buckingham Road
Status | Pending |
---|---|
MLS # | 24-437751 |
Days on Market | 67 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Land |
MLS Type | Land Lot |
Year Built | - |
Lot Size | 0.15 AC |
County | Los Angeles County |
Building Information for 3031 Buckingham Road
Lot Size0.15 AC
Property Information for 3031 Buckingham Road
Property History for 3031 Buckingham Road
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 3031 Buckingham Road
Taxable ValueLand$847,037Additions-Total$847,037
Tax Record2024$10,438 ($870 / month)
Home Facts
Beds2Total Finished SqFt1,248 SqFtAbove Grade Finished SqFt1,248 SqFtStories1Lot Size6,580 SqFtStyleSingle Family ResidenceYear Built1927ZoningLARD1.5CountyLOS ANGELESAPN5050-026-047
Schools near 3031 Buckingham Road
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Virginia Road Elementary School PublicK to 5 | ||
Johnnie Cochran, Jr., Middle School Public6 to 8 | ||
Luther Burbank Middle School Public6 to 8 | ||
Susan Miller Dorsey Senior High School Public9 to 12 |
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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