$1,000,000
3031 Buckingham Rd Los Angeles, CA 90016
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$1,000,000
Est. payment /mo
6,580 Sqft Lot
Pending
3031 Buckingham Rd Los Angeles, CA 90016
UPDATED:
11/19/2024 02:55 PM
Key Details
Property Type Vacant Land
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 24-437751
Lot Size 6,580 Sqft
Acres 0.1511
Property 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 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!
Location
State CA
County Los Angeles
Area Mid Los Angeles
Zoning LARD1.5
Exterior
Waterfront Description None
View Y/N No
View None
Building
Sewer None
Water None
Schools
School District Los Angeles Unified
Others
Special Listing Condition Standard
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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
Listed by Bankers Realty Exclusive, Inc.
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