Active
1470 W Adams Blvd
Los Angeles CA, 90007
$2,899,900
$672.36 per sqft
Active
12 Beds
4,313 sqft
Residential
Built in 1895
Welcome to 1470 W Adams Blvd, presenting an exceptional investment opportunity just 0.6 miles from the USC campus. This expansive property boasts a 12-bedroom, 4,313 sqft house on a generous 12,765 sqft lot, with LAC2 zoning and Tier 3 TOC designation, potentially allowing for up to 31 units. Located within the Adams-Normandie HPOZ, this property offers historic charm alongside promising development potential. The spacious lot size opens up exciting possibilities, including the potential to renovate the existing house into multiple units by utilizing the rear yard for additional housing. Its strategic location, close to new multifamily developments, the Ralphs retail center, Metro Expo Line, and Exposition Park attractions, underscores its immense investment potential. This property also qualifies for several advantageous programs and designations, including the Mills Act Program, Federal Rehabilitation Tax Credit, Adaptive Reuse Ordinance, and compliance with the California Historical Building Code, further enhancing its value and potential. Moreover, it's worth noting that the current owner has successfully operated a family business on this property for three generations, generating significant income and contributing to its historical legacy. Situated just 10 minutes from Downtown LA and with convenient access to the 10 Freeway, this property offers a unique investment prospect. Notably, it has been a part of the family for four generations, which adds to its historical significance and appeal in today's market. Seize the opportunity to explore this diamond in the rough by scheduling a showing today. Properties like 1470 W Adams Blvd are rare finds, offering numerous possibilities for lucrative investments. Additionally, 1472 W Adams Blvd features a small office in the right corner of the lot, further enhancing its potential. Don't miss out on this incredible opportunity!"
24-369955
MLSⓇ ID
March 19, 2024
Listed
May 3, 2024
Updated
Map
1470 W Adams Blvd
Los Angeles CA, 90007
Interior Features
Total Stories
0
Bedrooms
12
Interior Features
Storage Space
Appliances
Microwave, Dryer, Washer, Range/Oven
Laundry Description
Laundry Area
Floor Description
Wood Laminate, Tile
Fireplace
Yes
Fireplace Description
None
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Floor Furnace
Exterior/Building Features
Lot Size
0.29 Acres
Lot Features
Lawn, Back Yard, Fenced Yard, Front Yard, Street Concrete, Yard, Walk Street, Fenced
Architectual Style
Cape Cod
Roof
Slate
Sewer
In Street
School Information
School District
Los Angeles Unified
Other Property Details
Area Name
Mid Los Angeles
Days on Market
44
Association Amenities
None
Garage
No
Parking
Carport Detached, Driveway, Covered Parking
Parking Total
8
View
Yes
View Description
Walk Street, City
County
Los Angeles
Water Source
Public, In Street
Pool
No
Pool Features
None
Zoning
LAC2
Listed by Melissa Zee with Keller Williams Beverly Hills
Listing Contact: 310-309-0099
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Ramey Ward | CA DRE# 01456908 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 5/3/2024