1470 West Adams Boulevard
Los Angeles, CA, 90007 $ 2,899,900
Baths0.0 Sq 4,313 Monthly Estimate*
$ 20,257
Studio
for $2,899,900. This 4,313 square foot home was built in 1895 on a lot size of 0.29.
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!"
See more
FeaturesGeneralInterior Features Storage
Heating Floor Furnace
Possession Close of Escrow
Roof Slate
Zoning LAC2
Architectural Style Cape Cod
Security Features Smoke Detector(s) Carbon Monoxide Detector(s)
Construction Materials Brick Clapboard Block
Year Built 1895
View City Lights
Levels Multi/Split
Accessibility Other
County Los Angeles
Net Operating Income 0.0
New Construction No
Property Type C
HOA / Comm Assn No
Facing Direction North
Status Active
City Los Angeles
Buyer Agent Compensation 2.00
Entry Location Main Level
View Y/N Yes
Senior Community Y/N No
MLS Area C16 - Mid Los Angeles
Lot Size Square Feet 12769.0
Street Name Adams
Property Condition Repairs Cosmetic Additions/Alterations Fixer
Additional Parcels Y/N No
Structure Type None
Standard Status Active
Buyer Agent Compensation Type %
See more
InteriorFlooring Tile
Kitchen Appliances None Gas Oven Microwave
Common Walls No Common Walls
Air Conditioning Y/N No
Heating Y/N Yes
Window Features Blinds
Fireplace Y/N No
Street Suffix Boulevard
Laundry Features None Washer Included Dryer Included
Total Baths 0
See more
ExteriorParking Features Covered Detached Carport Driveway
Lot Features Front Yard Lawn Yard Back Yard
Lot Size Area 12769.0
Foundation Details None
Spa No
Pool Y/N? No
Building Area Total 4313.0
Lot Size Acres 0.29
Lot Size Units Square Feet
Land Lease Type Fee
See more
* Excluded FeaturesList ByKeller Williams Beverly HillsBroker
Affordability Calculator
- Monthly Principal & Interest
- $20,257
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Los Angeles, CA
Average List Price $1,983,367
Percent of Sale Price 32%
About Los Angeles, CA 3,920,026 Population
6% Since 2002
$ 55,057 Median Income
36.82 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
793437 Elementary School
793428 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
3/19/2024 | $2,899,900 | | Listed Price |