Welcome to 1470 W Adams Blvd, presenting an exceptional investment opportunity just 0.6 miles from the USC campus. This expansive property boasts a 12-bedroom, 4,313 sqft house on a generous 12,765 sqft lot, with LAC2 zoning and Tier 3 TOC designation, potentially allowing for up to 31 units. Located within the Adams-Normandie HPOZ, this property offers historic charm alongside promising development potential. The spacious lot size opens up exciting possibilities, including the potential to renovate the existing house into multiple units by utilizing the rear yard for additional housing. Its strategic location, close to new multifamily developments, the Ralphs retail center, Metro Expo Line, and Exposition Park attractions, underscores its immense investment potential. This property also qualifies for several advantageous programs and designations, including the Mills Act Program, Federal Rehabilitation Tax Credit, Adaptive Reuse Ordinance, and compliance with the California Historical Building Code, further enhancing its value and potential. Moreover, it's worth noting that the current owner has successfully operated a family business on this property for three generations, generating significant income and contributing to its historical legacy. Situated just 10 minutes from Downtown LA and with convenient access to the 10 Freeway, this property offers a unique investment prospect. Notably, it has been a part of the family for four generations, which adds to its historical significance and appeal in today's market. Seize the opportunity to explore this diamond in the rough by scheduling a showing today. Properties like 1470 W Adams Blvd are rare finds, offering numerous possibilities for lucrative investments. Additionally, 1472 W Adams Blvd features a small office in the right corner of the lot, further enhancing its potential. Don't miss out on this incredible opportunity!"
Property Details
Property Features
Property Information:
Architectural Style: Cape Cod
Year Built: 1895
Stories: 0
Living Area: 4,313 SqFt
Listing Office:
Office Name: Keller Williams Beverly Hills
Office Phone: (310) 432-6400
Listing Agent: Melissa Zee
Interior Features
Interior Information:
Appliances: Gas Oven, Microwave, Dryer, Washer
Basement: Yes
Flooring Type: Tile
Interior: Storage, Attic, Loft
Fireplace: None
Bedroom and Bathroom Information:
Total Bedroom Count: 12
Exterior Features
Exterior Information:
Private Pool: No
View: City Lights
Parking Information:
Attached Garage: No
Parking: Covered, Detached Carport, Driveway
Lot Features
Lot Information:
Lot: Back Yard, Front Yard, Lawn
Lot Size: 0.29 Acres
Utilities
Utilities Information:
Heating: Floor Furnace
Cooling: None
School Info
Assigned Schools Information:
Foshay Learning Center, Public District Grades KG-12
Manual Arts Senior High School, Public Magnet Grades 9-12
Math, Science, & Technology Magnet Academy at Roosevelt High School, Public Magnet Grades 9-12
Studio, Public District Grades 6-8
Vermont Avenue Elementary School, Public District Grades KG-5
Melrose Avenue Elementary School, Public Magnet Grades KG-6
Point Fermin Elementary School, Public Magnet Grades KG-5
Other
Directions Information:
Directions: West Adams
Price Information
Listing Price Info
Price Summary:
List Price: $2,899,900
Price Per SqFt: $672/SqFt
Tax Information:
Annual Amount: $1,760
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $1.9M more than the Median Sold Price and $44/SqFt more than other homes in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24369955
Listing Office:
Office Name: Keller Williams Beverly Hills
Office Phone: (310) 432-6400
Listing Agent: Melissa Zee
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 4/30/2024, 12:25:19 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$1,760
$88,223
2020
$1,723
$87,319
2019
$1,576
$85,608
2018
$1,555
$83,931
2017
$1,555
$82,286
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
4
/10
Vermont Avenue Elementary School
1435 W 27th St
Distance between this listing and this school0.13 miles
Public District Grades KG-5
8
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school4.65 miles
Public Magnet Grades KG-6
6
/10
Point Fermin Elementary School
3333 S Kerckhoff Ave
Distance between this listing and this school21.99 miles
Public Magnet Grades KG-5
Middle School
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school5.96 miles
Public District Grades 6-8
High School
5
/10
Foshay Learning Center
3751 S Harvard Blvd
Distance between this listing and this school1.17 miles
Public District Grades KG-12
2
/10
Manual Arts Senior High School
4131 S Vermont Ave
Distance between this listing and this school1.63 miles
Public Magnet Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school4.69 miles
Public Magnet Grades 9-12
Assigned Schools
4
/10
Vermont Avenue Elementary School
1435 W 27th St
Distance between this listing and this school0.13 miles
Public District Grades KG-5
8
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school4.65 miles
Public Magnet Grades KG-6
6
/10
Point Fermin Elementary School
3333 S Kerckhoff Ave
Distance between this listing and this school21.99 miles
Public Magnet Grades KG-5
Assigned Schools
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school5.96 miles
Public District Grades 6-8
Nearby Schools
4
/10
Downtown Value
950 W Washington Blvd
Distance between this listing and this school0.88 miles
Public Charter Grades KG-8
1
/10
Monsenor Oscar Romero Charter Middle School
1157 S Berendo St
Distance between this listing and this school1.18 miles
Public Charter Grades 6-8
Assigned Schools
5
/10
Foshay Learning Center
3751 S Harvard Blvd
Distance between this listing and this school1.17 miles
Public District Grades KG-12
2
/10
Manual Arts Senior High School
4131 S Vermont Ave
Distance between this listing and this school1.63 miles
Public Magnet Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school4.69 miles
The neighbors living near this home have an average income of $42,711. The majority of Los Angeles, CA residents have income between $35k-100k annually. The most common type of family is single, no kids. Most residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1470 W Adams Blvd
What is the listing price of this property?
The listing price of 1470 W Adams Blvd property is $2,899,900.
What type of property is this?
The property 1470 W Adams Blvd is a house located in Los Angeles, California, 90007.
Is this property for sale now?
Active Listing: 1470 W Adams Blvd is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 1470 W Adams Blvd are: Vermont Avenue Elementary School: GreatSchools Rating 4/10Melrose Avenue Elementary School: GreatSchools Rating 8/10Point Fermin Elementary School: GreatSchools Rating 6/10Studio: GreatSchools Rating 4/10Foshay Learning Center: GreatSchools Rating 5/10Manual Arts Senior High School: GreatSchools Rating 2/10Math, Science, & Technology Magnet Academy at Roosevelt High School: GreatSchools Rating 8/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $1,760 (source: MLS/based on county public records data).
How many bedrooms and bathrooms does this property have?
The property at 1470 W Adams Blvd has 12 bedrooms and 8 bathrooms.
What is the square footage of this property?
The property 1470 W Adams Blvd is 4,313 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 1470 W Adams Blvd is 1895.
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This home is located at 1470 W Adams Blvd in Los Angeles, CA and zip code 90007 in the South LA neighborhood. This 4,313 square foot home, which was built in 1895, sits on a 0.29 acre lot. Features: 12 bedrooms, 8 bathrooms. It has been listed on Rocket Homes since March 20, 2024 and is currently priced at $2,899,900.
In March 2024 more than 628 listings in Los Angeles, CA were sold above the asking price. During the same period more than 196 listings were sold at asking price, while more than 579 were sold below. The number of listings in Los Angeles, CA increased by 10.8% between February 2024 and March 2024. The median list price of listings available in March 2024 was $975,970, while the average time on the real estate market was 34 days.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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