1470 West Adams Boulevard

Los Angeles, CA 90007

$2,899,900
Price
12
Beds
8
Baths
4,313 Sq. Ft.
$672 / Sq. Ft.
4,313
Sq. Ft.
$672
per Sq. Ft.

Description

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...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!"
  1. Listed by Melissa Zee • DRE #01451028 • Brokerage DRE #01425795 • Keller Williams Beverly Hills
  2. Listed by Hasitha Mahaseelarathnage • DRE #02131447 • Brokerage DRE #01425795 • Keller Williams Beverly Hills

Property Details for 1470 West Adams Boulevard

Water Front
None
Zoning
LAC2
Style
Cape Cod
Accessibility Features
None
Parcel Number
5054028017
Total Units
1.0
Living Area
4313
Source Living Area
Vendor Enhanced

Location

Listing Courtesy of Keller Williams Beverly Hills, Melissa Zee, DRE #01451028; Keller Williams Beverly Hills, Hasitha Mahaseelarathnage, DRE #02131447
Add your commute
LISTING UPDATED: 03/27/2024 12:01 AM

Property Details for 1470 West Adams Boulevard

StatusActive
MLS #24-369955
Days on Market42
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1895
Lot Size0.29 AC / 12,769 SF
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Beverly Hills, Melissa Zee, DRE #01451028; Keller Williams Beverly Hills, Hasitha Mahaseelarathnage, DRE #02131447
Add your commute

Building Information for 1470 West Adams Boulevard

Stories-Residences-Year Built1895Building Size-Lot Size0.29 AC / 12,769 SF

Payment Calculator

$15,981 per month

30 year fixed, 7.25% Interest

Principal and Interest

$15,826

Property Taxes

$155

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1470 West Adams Boulevard

Community / Development
Community / Development
  • Number Of Units: 1
  • Amenities: None
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 1
  • Type Of Units: Rooms
  • View: Yes
  • View Description: Walk Street, City
  • View: City Lights
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector
  • Direction Faces: North
  • Property Condition: Repair Cosmetic, Additions/Alter, Fixer, Value Mainly In Land
  • Water: Public, In Street
  • Sewer: In Street
Contract Info
Contract Info
  • Financing: Conventional, Cash To New Loan, Cash
  • Disclosures: As Is, Property Report
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $0
  • Net Operating Income: $.00
  • Gross Income: $0
  • Gross Rent Multiplier: $.00
  • Total Annual Expense: 0
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Lot Acreage: 0.2931
  • Lot Size Square Feet: 12769
  • Lot Features: Lawn, Back Yard, Front Yard, Yard
  • Lot Description: Lawn, Back Yard, Fenced Yard, Front Yard, Street Concrete, Yard, Walk Street, Fenced
  • Lot Location: City
Parking Details
Parking Details
  • Parking Garage: Carport Detached, Driveway, Covered Parking
  • Total Parking: 8
  • Covered Parking: 4
  • Open Other Spaces Total: 4
  • Parking Features: Detached Carport, Driveway, Covered
  • Attached Garage: No
Interior Features
Interior Features
  • Room Type: Basement, Loft, Entry, Attic
  • Rooms: Basement, Loft, Entry, Attic
  • Levels: Multi/Split
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Den: No
  • Family Room: 0
  • Dining Room: 0
  • Cooling: None
  • Cooling Type: None
  • Heating: Floor Furnace
  • Heating Type: Floor Furnace
  • Flooring: Wood Laminate, Tile
  • Equipment: Microwave, Dryer, Washer, Range/Oven
  • Interior Features: Storage Space
  • Room Bathroom Features: Tile Counters, Shower
  • Bathroom Features: Tile, Tub Only, Shower Stall
  • Common Walls: Detached/No Common Walls
  • Cooking Appliances: Microwave, Gas, Oven-Gas
  • Laundry: Laundry Area
  • Disability Access: None
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis Court: None
  • Roof: Slate
  • Sprinklers: None
  • Patio Features: Patio Open, Porch - Front
  • Entry Location: Main Level
  • Windows: Window Blinds
  • New Construction: No
  • Construction Materials: Block, Brick, Clapboard
  • Exterior Construction: Block, Brick, Clapboard
  • Other Structural Features: Balcony, Historical
  • Other Structures: Shed(s), Other
Lease Terms
Lease Terms
  • Entry Date: 03-19-2024
Unit Details
Unit 1 Information
  • Unit Beds: 12
  • Unit Baths: 8
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106

Property History for 1470 West Adams Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1470 West Adams Boulevard

Taxable ValueLand$59,925Additions$31,860Total$91,785
Tax Record2023$1,864 ($155 / month)
Home Facts
Beds6Total Finished SqFt4,313 SqFtAbove Grade Finished SqFt4,313 SqFtLot Size12,765 SqFtStyleSingle Family ResidenceYear Built1895ZoningLAC2CountyLOS ANGELESAPN5054-028-017

Schools near 1470 West Adams Boulevard

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - K to 12
Public - 9 to 12
Charter - K to 5
Rating
School
Distance
Vermont Avenue Elementary School
PublicK to 5

Foshay Learning Center
PublicK to 12

Manual Arts Senior High School
Public9 to 12

Stem Preparatory Academy
CharterK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1470 West Adams Boulevard is a multi-family home for sale in Los Angeles, CA 90007. This property was listed for sale on March 19, 2024 by Keller Williams Beverly Hills, it's currently listed at $2,899,900. This listing's school district is Los Angeles Unified School District. Nearby schools include Vermont Avenue Elementary School, Foshay Learning Center and Manual Arts Senior High School. 1470 West Adams Boulevard is a 12-bed, 8-bath, 4,313 sqft multi-family home built in 1895.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Beverly Hills, Melissa Zee, DRE #01451028; Keller Williams Beverly Hills, Hasitha Mahaseelarathnage, DRE #02131447

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.