The bad news: You have a misunderstanding of current CA law that might cause you some trouble down the road.
1) CA DOJ AW Definition. If sounds like you are building a rifle that meets the definition of an "Assault Weapon" in CA. Meaning that it has a standard AR 'pistol' grip, and a detachable magazine. The fact that you are putting a bullet button on it is inconsequential (and a waste of time) since CA has deemed that the "Bullet Button" no longer meets the requirements to defeat their assault weapon definition.
2) Registration. While the registration itself has been pushed back due to CA's slow implementation of their own regulations, it doesn't change the fact that a "bullet button'd" AR15 would have had to have been in state in your possession prior to this year. You've missed the cut off. That's why bullet button AR15's are no longer being sold in your local gun stores.
In short, you're building what CA considers to be an assault weapon, and unless you're going to lie about when you built it, you won't be able to register it when registration opens. If that's the way you wanna roll, more power to you.
The Good News: You can make your build a "CA Featureless" rifle, and not only avoid the need for registration (because it won't be defined as an assault weapon), but also -and far more significantly- KEEP A STANDARD MIL-SPEC MAGAZINE RELEASE
To accomplish this, you'll need 3 things for your build:
1) No flash hider. If your barrel came with a flash hider, it's a simple matter to remove it and replace it with a muzzle brake
2) No adjustable or folding stock. You'll need a FIXED stock.
3) No standard AR15 pistol grips that can be grasped with the webbed area between your thumb and index finger. You can replace the standard grip with any number of CA-Compliant "featureless" grips...such as the Monsterman, Hammer Head, various kydex wrap 'fins', or my personal favorite - the Strike Industries "Simple" grip (a great deal @ $9.99).
If ANY of this doesn't make sense to you, please ask questions. Further, you might want to explore CALGUNS.net which is also a wealth of information on featureless builds and registration of CA AW's.
If anyone wants to fact check anything I've said here, please feel free to let me know - thanks!
ETA: And regarding LPK's....you can easily purchase an LPK without a grip and/or a trigger. I typically do that with all my builds since I know I'll be using a non-standard grip, and I prefer aftermarket triggers from Geissele, Hyperfire, and ELF. CMMG is a quality maker of LPK's without grips and triggers, and they can usually be purchased for $25-40. Try Brownells....or any number of other sellers.