Tax Consequence - Transfer to Single-Member LLC in California

Any BPers have experience with this?

Considering transferring a property with no debt into a single-member LLC in California. It will be structured as a capital contribution, so no value will be exchanged and tax basis will carried over. Will the LLC (i.e., its sole member) be subject to any income/gift tax? Will there be a documentary transfer tax assessed when no value has been exchanged?

I can reach out to a tax accountant, but thought I'd check here beforehand.  Thanks in advance for the help!