1470 W Adams Blvd Los Angeles, CA 90007
Adams-Normandie NeighborhoodEstimated payment $15,506/month
Total Views
6,641
12
Beds
4
Baths
4,313
Sq Ft
$638
Price per Sq Ft
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,882
Year Built
- Built in 1895
Lot Details
- 0.29 Acre Lot
Parking
- 10 Parking Spaces
Home Design
- Split Level Home
Interior Spaces
- 4,313 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 12 Bedrooms
- 4 Bathrooms
Listing and Financial Details
- Assessor Parcel Number 5054-028-017
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $1,882 | $93,620 | $61,123 | $32,497 |
| 2023 | $1,864 | $91,785 | $59,925 | $31,860 |
| 2022 | $1,808 | $89,986 | $58,750 | $31,236 |
| 2021 | $1,760 | $88,223 | $57,599 | $30,624 |
| 2019 | $1,724 | $85,608 | $55,892 | $29,716 |
| 2018 | $1,576 | $83,931 | $54,797 | $29,134 |
| 2016 | $1,470 | $80,673 | $52,670 | $28,003 |
| 2015 | $1,455 | $79,462 | $51,879 | $27,583 |
| 2014 | $1,474 | $77,906 | $50,863 | $27,043 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/18/2025 02/18/25 | For Sale | $2,750,000 | -- | $638 / Sq Ft |
Source: The MLS
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | Accommodation | |
| Interfamily Deed Transfer | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $192,000 | Unknown |
Source: Public Records
Similar Homes in Los Angeles, CA
Source: The MLS
MLS Number: 25499209
APN: 5054-028-017
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