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$ 2,750,000
Est. payment /mo
New
1470 W Adams Boulevard Los Angeles, CA 90007
6 Beds
4 Baths
4,313 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 4,313 sqft
Price per Sqft $637
MLS Listing ID SR25141884
Bedrooms 6
Full Baths 4
Year Built 1895
Property Sub-Type Detached
Property Description
A Rare Canvas for Visionaries in the Heart of Los Angeles in West Adams area! Discover the limitless potential of 1470 W. Adams Blvda grand historic estate and prime development site just steps from USC and the vibrant pulse of Los Angeles. This stately 12-bedroom residence, sprawling across 4,313 square feet, sits on an impressive 12,765 sq ft lot, offering both the charm of yesteryear and the promise of tomorrow. Perfectly positioned within the Adams-Normandie Historic Preservation Overlay Zone, this property is a treasure trove for investors, developers, and creative minds. With LAC2 zoning and Tier 3 TOC incentives which includes a density bonus of up to 70% above the existing zoning, a floor area ratio (FAR) increase of up to 50%, and reduced parking requirements.the possibilities are as expansive as the lot itself. Imagine transforming the existing structure into stylish multi-unit living, or envision a new multi-story development in the generous rear yardpotentially accommodating 31 units by right and up to 51 units with TOC (buyer to verify). The sites historic status also opens doors to unique tax credits and preservation programs, further enhancing long-term value. Location is everything, and this property is in close proximity to USC, enjoys effortless access to the Metro Expo Line, and world-class destinations like Exposition Park, the LA Coliseum, the upcoming George Lucas Museum. Downtown LA and major freeways. This property is perfectly situated for strong rental demand and future appreciation. Whether youre seeking to create modern student housing, capitaliz
Location
State CA
County Los Angeles
Zoning LAC2
Direction East of Normandie Ave and West of Vermont Ave
Interior
Cooling Central Forced Air
Fireplace No
Laundry Gas & Electric Dryer HU
Exterior
View Y/N Yes
Water Access Desc Public
View Neighborhood
Building
Story 2
Sewer Public Sewer
Water Public
Level or Stories 2
Others
Tax ID 5054028017
Special Listing Condition Standard
Listed by Yann Fard Equity Union
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