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MLS:24-351831

1470 Adams, Los Angeles, CA 90007

Priced at: $2,899,000
Bedrooms:
12
Bathrooms (Full):
8
Bathrooms (Half):
0
Living Area SqFt:
4,313 Sq Ft
Lot SqFt:
12,769 Sq Ft
Year Built:
1895
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!"

Fees

Features

Exterior Features:
  • Block
  • Brick
  • Clapboard
Interior Features:
  • Storage Space
Equipment/ Appliances:
  • Microwave
  • Dryer
  • Washer
  • Range/Oven
Amenities:
  • None
Security Info:
  • Carbon Monoxide Detector(s)
  • Smoke Detector
Waterfront Description:
  • None
Parking:
  • Carport Detached
  • Driveway
  • Covered Parking
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MLS: 24-351831
1470 Adams, Los Angeles, CA 90007
Price: $2,899,000
Listing courtesy of Keller Williams Beverly Hills

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"Property information shown has been provided from various sources, which can include the seller and/or public records. It is believed reliable but not guaranteed and should not be relied upon without independent verification."

Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. All dimensions are estimates only and may not be exact measurements. Square Footages are approximate. Floor plans and development plans are subject to change. The sketches, renderings, graphic materials, plans, specifics, terms, conditions and statements are proposed only, and the developer, the management company, the owners and other affiliates reserve the right to modify, revise or withdraw any or all of same in their sole discretion and without prior notice. All pricing and availability is subject to change. The information is to be used as a point of reference and not a binding agreement.

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