$2,750,000

1470 W Adams Boulevard, Los Angeles, CA 90007

  • 6 beds |
  • 4 baths |
  • 4,313 sqft
  • Property Icon Single-Family Home
  • Property Year Built Icon Built in 1895
  • Property Lot Size Icon0.29acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $638/sqft
  • Property List Date Icon Listed 5 months ago

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

Listing Status:
Active
Listing Office:
Equity Union :
Listing Agent:
Yann Fard : 310-291-8122
MLS ID:
SR25141884
  • Laundry: Gas & Electric Dryer HU
  • A/C: Central Forced Air
  • Pool: N/K
  • Parking: Parking spaces: 0
  • General: 2
  • HOA Amenities: 0.0
  • Originating MLS: California Regional MLS
  • County: Los Angeles
  • Zoning: LAC25054028017
  • View: Neighborhood
  • Water: Public
  • Sewer: Public Sewer
  • Source: California Regional MLS

This listing courtesy of Yann Fard, Equity Union

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

V

Vermont Avenue Elementary

1435 W 27th St, Los Angeles, CA, 90007

Grades KG-5

0.11 miles away

S

Sophia T. Salvin Special Education Center

1925 S Budlong Ave, Los Angeles, CA, 90007

Grades KG-10

0.45 miles away

S

Sophia T. Salvin Special Education Center

1925 S Budlong Ave, Los Angeles, CA, 90007

Grades KG-10

0.45 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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