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$ 2,750,000
Est. payment /mo
New
1470 W Adams BLVD Los Angeles, CA 90007
12 Beds
4 Baths
4,313 SqFt
UPDATED:
02/18/2025 09:57 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,313 sqft
Price per Sqft $637
MLS Listing ID 25499209
Bedrooms 12
HOA Y/N No
Year Built 1895
Lot Size 0.293 Acres
Property Description
We are pleased to present 1470 W. Adams Blvd, a premier value-add and development opportunity, located in the highly desirable DPS Patrol Zone, and walking distance to the University of Southern California (USC). Situated just 0.6 miles from the USC campus, this 12-bedroom, 4,313-square-foot home sits on an oversized 12,765-square-foot lot with LAC2 zoning and Tier 3 TOC designation. This historic residence is nestled within the Adams-Normandie Historic Preservation Overlay Zone (HPOZ), offering a unique blend of classic charm and modern potential. Given the historic preservation restrictions on the existing structure, a strategic development plan would involve renovating and subdividing the current 12-bedroom home into four units while utilizing the expansive 4,500-square-foot rear yard (75' x 60') for additional construction. By leveraging by-right development rights and ADUs, the site could realistically accommodate 15-20 units.Additionally, there is strong potential to position the property as an affordable housing investment. A viable strategy would be to convert the existing structure into four units while constructing a four-story apartment building in the rear. This approach aligns with LA's desperate need for additional housing and could allow developers to take advantage of various incentives and funding opportunities for affordable housing projects.Located in the heart of a rapidly developing corridor, the property is adjacent to two newly built large-scale multifamily projects and within walking distance of a Ralphs grocery-anchored retail center. Beyond its proximity to USC, the location offers easy access to the Metro Expo Line station and Exposition Park, home to the LA Coliseum, BMO Stadium, and the upcoming George Lucas Museum of Narrative Art. Additionally, with a short 10-minute commute to Downtown Los Angeles and convenient access to the 10 Freeway, the property is ideally positioned for strong rental demand and long-term growth. All development plans should be verified with local zoning and planning authorities. Please contact the listing agent for a feasibility study on the development potential of the site, helping buyers evaluate the highest and best use for the property. Property to be delivered vacant at the close of escrow.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Zoning LAC2
Interior
Fireplace No
Exterior
Total Parking Spaces 10
Building
Story 2
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 5054028017
Special Listing Condition Standard
Listed by Adam Shamooelian • Keller Williams Beverly Hills
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