1470 W Adams Boulevard
Los Angeles, CA, 90007 $ 2,899,900
Bedrooms12 Baths8.0 Sq 4,313 Monthly Estimate*
$ 20,257
Listed by Keller Williams Beverly Hills
for $2,899,900 with 12 bedrooms and 8 full baths. This 4,313 square foot home was built in 1895 on a lot size of 0.2931.
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!"
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FeaturesGeneralInterior Features Storage Attic Loft
Sewer Other
Heating FloorFurnace
Cooling None
Possession CloseOfEscrow
Roof Slate
Appliances GasOven Microwave Dryer Washer
Zoning LAC2
Patio/Porch Features FrontPorch Open Patio
Architectural Style CapeCod
Pool Features None
Security Features CarbonMonoxideDetectors SmokeDetectors
Construction Materials Brick Block Clapboard
Year Built 1895
View CityLights
Levels MultiSplit
Gross Income 0.0
Accessibility None
County Los Angeles
Net Operating Income 0.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Facing Direction North
Garage Y/N N
Other Structures Sheds
Special Listing Conditions Standard
Status Active
Buyer Financing Cash Conventional
Directions West Adams
City Los Angeles
Disclosures SellerDisclosure
Entry Location Main Level
View Y/N Y
Senior Community Y/N N
High School District Los Angeles Unified
Open Parking Spaces 4.0
Total Units 1
MLS Area C16 - Mid Los Angeles
Lot Size Square Feet 12769.0
Private Pool N
Waterfront Y/N N
Carport Y/N Y
Street Name Adams
Spa Features None
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Property Condition AdditionsAlterations Fixer RepairsCosmetic
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 8
Standard Status Active
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InteriorFlooring Tile
Fireplace Features None
Total Stories 0
Common Walls NoCommonWalls
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N Y
Window Features Blinds
Fireplace Y/N N
Full Baths 0
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Street Suffix Boulevard
Total Bedrooms 12
Electric On Property Y/N N
Total Baths 8
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ExteriorParking Features Covered DetachedCarport Driveway
Lot Features BackYard FrontYard Lawn Yard
Total Parking 8.0
Lot Size Area 12769.0
Number of Buildings 1
Spa N
Building Area Total 4313.0
Lot Size Acres 0.2931
Lot Size Units SquareFeet
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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* 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 $1,999,871
Percent of Sale Price 31%
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.
4003522 Elementary School
4003523 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
3/19/2024 | $2,899,900 | | Listed Price |