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1470 W Adams Boulevard, Los Angeles, California 90007, Los Angeles, 90007 - 6 bed, 4 bath

1470 W Adams Boulevard, Los Angeles, California 90007 home-pic-0
ACTIVE$2,750,000
1470 W Adams Boulevard, Los Angeles, California 90007
6Beds
4Baths
4,313Sqft
12,769Lot
Year Built
1895
Close
-
List price
$2.75M
Original List price
$2.75M
Price/Sqft
$638
HOA
-
Days on market
-
Sold On
-
MLS number
SR25141884
Home ConditionTear down
Features
Excellent View: Neighborhood
Deck
ViewNeighborhood

About this home

We found 3 Cons,5 Pros. Rank: price - $2.75M(91th), sqft - 4313(91th), beds - 6(55th), baths - 4(64th).

A Rare Canvas for Visionaries in the Heart of Los Angeles in West Adams area! Discover the limitless potential of 1470 W. Adams Blvd—a 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 yard—potentially accommodating 31 units by right and up to 51 units with TOC (buyer to verify). The site’s 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 you’re seeking to create modern student housing, capitalize on affordable housing incentives, or craft a legacy project in one of LA’s most dynamic corridors, 1470 W. Adams Blvd is your blank slate. The property will be delivered vacant—ready for your vision to take shape. Opportunities like this are exceedingly rare. Schedule your private tour today and unlock the next chapter of this historic LA gem!

Price History

Date
Event
Price
07/01/25
Listing
$2,750,000
Condition Rating
Tear down
Built in 1895, this property shows extensive physical depreciation and neglect throughout. The interior features extremely outdated and worn elements, including a very basic, old kitchen with damaged laminate countertops and no visible modern appliances. Bathrooms are not explicitly shown in detail but the overall condition of the visible interior spaces (worn carpets, old light fixtures, dated flooring, general clutter and disrepair) strongly suggests they would be in a similar or worse state. The description itself markets the property as a 'canvas for visionaries' and a 'blank slate' for redevelopment, explicitly stating it's 'ready for your vision to take shape,' which implies the existing structure is not intended for immediate habitation and requires demolition or a complete gut renovation. The property has had no major renovations in the past 50 years, aligning with the 'tear-down' criteria.
Pros & Cons

Pros

Exceptional Development Potential: The property boasts LAC2 zoning with Tier 3 TOC incentives, allowing for a density bonus of up to 70% and a potential for 31 to 51 units, making it highly attractive for multi-unit development.
Prime Strategic Location: Located steps from USC, with effortless access to the Metro Expo Line, Exposition Park, LA Coliseum, and Downtown LA, ensuring strong rental demand and future appreciation.
Historic Status & Financial Incentives: Positioned within the Adams-Normandie Historic Preservation Overlay Zone, the property may qualify for unique tax credits and preservation programs, enhancing its long-term value.
Generous Lot Size: An impressive 12,765 sq ft lot provides substantial space for significant development or expansion possibilities.
Versatile Investment Opportunity: Described as a 'blank slate' and delivered vacant, it offers immense flexibility for investors, developers, or creative minds to pursue various projects, from student housing to a legacy development.

Cons

Extensive Renovation/Development Required: As a 'canvas for visionaries' and a historic estate built in 1895, the property likely requires substantial capital investment for renovation, modernization, or complete redevelopment.
Historic Preservation Restrictions: Its location within a Historic Preservation Overlay Zone (HPOZ) implies strict guidelines and potential limitations on exterior modifications or demolition, which could complicate development plans and increase costs.
Buyer Due Diligence Burden: The listing explicitly states 'buyer to verify' all development potentials, including unit counts and zoning incentives, placing a significant responsibility on the buyer for thorough and potentially costly due diligence.

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