3031 Buckingham Road

Sold 1/30/25
Sold 1/30/25
Gallery Image 1
Sold
Last Sold Price
$980,000
6,580 Lot Size0.15 Acres
3031 Buckingham Rd, Los Angeles, CA 90016
LandProperty Type
0.15 acresLot Size

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.
Listing closed: 01/30/2025 12:00 AM • Source: CLAW, MLS#: 24-437751

Recent comparable sales

Median sold price

$975,000

Avg days on market

113

Sale-to-list ratio

88.5%

Los Angeles, CA

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Location

Listing Courtesy of Bankers Realty Exclusive, Inc., Joseph Norfleet, DRE #01304280

Sold By Century 21 Allstars, Danny Navarro, DRE #01938421

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$5,942 per month

30 year fixed, 6.71% Interest

Principal and Interest

$5,064

Property Taxes

$878

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Property Information for 3031 Buckingham Road

Property Details
  • MLS Type: Land Lot
  • County: Los Angeles County
  • Water Front: None
  • Zoning: LARD1.5
  • Parcel Number: 5050026047
  • Area: Mid Los Angeles (C16)
  • Lot Size Area: 6580
  • Source Lot Size Area: Assessor
  • Assessor Parcel Number: 5050-026-047
  • Directions: West of Crenshaw. East of La Brea. North of Jefferson. South of Adams.
  • School District: Los Angeles Unified
  • High School District: Los Angeles Unified
Building Information
  • Lot Size: 0.15 AC
Community / Development
Community / Development
  • Senior Community: No
Structure Info
Structure Info
  • View: No
  • View Description: None
  • View: None
  • Water: None
  • Sewer: None
Contract Info
Contract Info
  • Probate: No
  • Financing: Cash, Cash To New Loan, Conventional
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Fee
  • Land Lease: No
  • Horse: No
  • Special Zoning: None
  • Additional Parcel Number: No
  • Lot Acreage: 0.1511
  • Lot Size Square Feet: 6580
  • Lot Size Dimensions: 47x140
  • Source Lot Size Dimensions: Assessor
  • Lot Location: None
  • Telephone: 0.0
  • Telephone Service: None
  • Cable: 0.0
  • Electric: None
  • Gas: None
  • Public Street: Yes
  • Usable Land Percent: 100.00%
  • Assessments: Buyer to Assume
  • Site Decription: Flats
  • Survey: Buyer Pays
  • Topography: Flat
Parking Details
Parking Details
  • Total Parking: 0
Exterior Features
Exterior Features
  • New Construction: No
Lease Terms
Lease Terms
  • Entry Date: 09-09-2024
  • Listing Terms: Cash, Cash To New Loan

Property History for 3031 Buckingham Road

DateEvent & SourcePriceAppreciation
Jan 30, 2025

Sold

CLAW #24-437751

$980,000—
Jan 30, 2025

Sold

CRMLS #24437751

$980,000—
Jan 30, 2025

Sold

SDMLS #24-437751

$980,000—
DateEvent & SourcePrice
01/30/2025

Sold

CLAW #24-437751

$980,000
01/30/2025

Sold

CRMLS #24437751

$980,000
01/30/2025

Sold

SDMLS #24-437751

$980,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 3031 Buckingham Road

Taxable ValueLand$699,720Additions$299,880Total$999,600
Tax Record2025$10,536 ($878 / month)
Home Facts
Beds2Baths1Total Finished SqFt1,248 SqFtAbove Grade Finished SqFt1,248 SqFtStories1Lot Size6,580 SqFtStyleSingle Family ResidenceYear Built1927Year Renovated1927ZoningLARD1.5CountyLOS ANGELESAPN5050-026-047

Schools near 3031 Buckingham Road

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Virginia Road Elementary School
Public - K to 5
Johnnie Cochran, Jr., Middle School
Public - 6 to 8
Susan Miller Dorsey Senior High School
Public - 9 to 12
ISANA Nascent Academy
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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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 3031 Buckingham Road, Los Angeles, CA 90016
$980,000
–
–
–
6,580
3035 Buckingham Road, Los Angeles, CA 90016
–
–
4
5,084
6,580
3025 Buckingham Road, Los Angeles, CA 90016
–
–
2
2,405
6,580
3039 Buckingham Road, Los Angeles, CA 90016
–
–
8
4,541
6,580
3021 Buckingham Road, Los Angeles, CA 90016
$500,000
4
1,790
6,579
3030 South W Boulevard, Los Angeles, CA 90016
$120,000
3
–
1,529
7,750

Explore Nearby Homes

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Bankers Realty Exclusive, Inc., Joseph Norfleet, DRE #01304280

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.