1470 W Adams Blvd, Los Angeles, CA 90007

$2,899,900
12
BD
8
BA
4,313
SqFt
List Price
$2,899,900
MLS#
24-369955
Year Built
1895
Bedrooms
12
Bathrooms
8
Living Sq. Ft
4,313
Lot Size
12,769
Lot Location
City
Days on Market
71
Property Type
Multifamily
Style
Cape Cod

Property 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 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!"

Additional Information

Association Amenities
None
Lot Description
Lawn, Back Yard, Fenced Yard, Front Yard, Street Concrete, Yard, Walk Street, Fenced
Other Buildings
Shed(s), Other
Pool Description
None
Heat
Floor Furnace
Cooling
None
View
Walk Street, City
Exterior Construction
Block, Brick, Clapboard
Number of Cars in Garage
Carport Detached, Driveway, Covered Parking
Water
Public, In Street
School District
Los Angeles Unified

Mortgage Calculator

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Calculator source: Real Geeks

Courtesy of Keller Williams Beverly Hills, Melissa Zee - CA DRE#01451028

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