2929 Buckingham, Los Angeles, California 90016, Los Angeles, 90016 - 2 bed, 1 bath
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Los Angeles, California 90016
This High-Density Redevelopment Asset is listed at $850,000, positioned as a premier transit-oriented play near the Metro E Line. While the price sits above the $792,460 Fair Market Value, the intrinsic value is driven by the 6,302 sq. ft. lot with LAR2 Zoning and TOC Tier 3 incentives. These features, combined with SB 9 options, offer massive density potential and a clear path to high ROI through multi-unit development or ADU expansion. This is a strategic acquisition for Developers or Fix-and-Flip Investors targeting the West Adams corridor.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2929 Buckingham Subject | $850,000* List Price | 2 | 1 | 1,106 | $717 | - |
A 3437 Virginia Road Sold | $610,000 | 2 | 1 | 920 | $663 | 0.3 mi |
B 2524 Alsace Ave Sold | $710,000 | 3 | 2 | 1,071 | $663 | 0.9 mi |
C 3551 Hillcrest Drive Sold | $950,000 | 3 | 2 | 1,530 | $621 | 0.5 mi |
D 2134 S Sycamore Avenue Pending | $699,000 List Price | 2 | 1 | 921 | $759 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1924, this property is marketed primarily as a redevelopment opportunity or developer project rather than a move-in ready home. The lack of interior photos, presence of security bars, and dated exterior features suggest the home requires significant modernization. The listing's emphasis on 'TOC Tier 3 potential' and 'redeveloping' indicates that the existing structure and its systems are likely at the end of their functional lifespan and require substantial rehabilitation.
The property features LAR2 zoning on a 6,300+ sq. ft. lot with Tier 3 TOC incentives and SB 9 options, offering massive density potential for developers or investors.
Located within walking distance of the Metro E Line and offering immediate I-10 access, the property provides a rare 20-minute commute to both Santa Monica and Downtown LA.
The large lot and existing two-car garage provide an ideal footprint for an ADU, allowing a buyer to 'house hack' and use rental income to offset a significant portion of the mortgage.
With only 2 bedrooms, 1 bathroom, and approximately 1,100 sq. ft. of living space, the current structure may feel undersized for families or those seeking modern spaciousness.
The property is served by several schools with low performance ratings (2/10 and 3/10), which could be a drawback for long-term family buyers and impact future resale value.
Whether you are a first-time buyer looking to "house hack" your way into one of LA’s most vibrant neighborhoods, or a developer seeking a high-margin project with Tier 3 TOC potential, 2929 Buckingham Rd is the opportunity you’ve been waiting for. Located on a picturesque, palm-tree-lined street, this property offers the perfect blend of 1920s character and future-proof scalability. Spanish style 2bed 1 bath with a 2 car garage sitting on an ample lot to redevelop or to add an ADU helping you increase it's rental income. Live in the front unit and let a newly built back unit pay a significant portion of your mortgage. Zoned LAR2 on a massive 6,300+ sq. ft. lot. With TOC Tier 3 incentives and SB 9 options, the density potential here is massive. Immediate access to the I-10 Freeway and a short walk to the Metro E Line (Crenshaw/Expo Station). You can be in Santa Monica or Downtown LA in 20 minutes without touching your car.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 0.8 mi
Grades K-5 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 28% |
| Baths | 1.0 | 2.0 | 26% |
| Square foot | 1,106 | 1,409.5 | 24% |
| Lot Size | 6,302 | 5,362.5 | 67% |
| Price | $850.0K | $1.03M | 33% |
| Price per sq ft | $769 | $748 | 59% |
| Built year | 1924 | 1927 | 35% |
| HOA | $0 | $0 | 50% |
| Days on market | 8 | 188 | 2% |
Apr 14, 2026
$850,000
Initial Listing
Oct 6, 1995
$89,000
Public Record