1470 West Adams Boulevard
1470 West Adams Boulevard
$2,899,900
12
8
4,313
4,313
$672
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!"
- Listed by Melissa Zee • DRE #01451028 • Brokerage DRE #01425795 • Keller Williams Beverly Hills
- Listed by Hasitha Mahaseelarathnage • DRE #02131447 • Brokerage DRE #01425795 • Keller Williams Beverly Hills
Property Details for 1470 West Adams Boulevard
Water Front
None
ZoningLAC2
StyleCape Cod
Accessibility FeaturesNone
Parcel Number5054028017
Total Units1.0
Living Area4313
Source Living AreaVendor Enhanced
Location
LISTING UPDATED: 03/27/2024 12:01 AM
Property Details for 1470 West Adams Boulevard
Status | Active |
---|---|
MLS # | 24-369955 |
Days on Market | 42 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1895 |
Lot Size | 0.29 AC / 12,769 SF |
County | Los Angeles County |
Location
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
The Payment Calculator is for illustrative purposes only.
Property Information for 1470 West Adams Boulevard
Property History for 1470 West Adams Boulevard
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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.
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