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1470 W Adams Blvd
Los Angeles, CA 90007
Immeuble residentiel Propriété À vendre
·
2 Unités
Certaines informations ont été traduites automatiquement.
Faits saillants de l'investissement
- 12,765 square feet of land zoned C2
- Flexible investment Options with existing property (1-2):
- 2. Add ADU on the spacious rear portion of the property
- TOC Tier 3, allowing for up to 53 units
- 1. Preserve and restore the existing 131-year-old historic property (Adapt it into multi-unit/ student housing)
- Versatile redevelopment opportunity: - Contemporary student housing, - Affordable housing, - Retail/ multifamily
Résumé de l'annonce
Marcus & Millichap is pleased to present 1470 W Adams Blvd, a 12,765 square foot lot located one parcel east South Catalina Street and West Adams Boulevard, within the Adams-Normandie Historic Preservation Overlay Zone (HPOZ). Currently being occupied by the seller as an ARF Boarding Care Level (2). Per the City of Los Angeles zoning regulations, the site allows for the development of 31 market rate apartment units “buy right.”
In addition, the site qualifies under the Transit Oriented Communities (TOC) program at Tier 3 status, for a density bonus potentially allowing for up to 53 units through the 70% TOC density bonus incentive. Paired with a 30% reduction in parking requirements via the TOC designation, enhancing project efficiency, and reducing development costs it provides a developer with a plethora of architectural options.
With its proximity to major educational institutions, employment centers, entertainment venues, and transportation, 1470 W Adams Blvd is well-positioned for student housing, workforce or affordable housing, multifamily development, and/or long-term investment strategies. Providing an attractive opportunity for investors and developers seeking strong income and long-term appreciation potential.
Whether your strategy is to develop modern student housing, pursue affordable housing, establish a signature project in one of Los Angeles' most active and rapidly evolving corridors, 1470 W Adams Blvd presents a truly exceptional development opportunity. The property can be delivered vacant; which offers a clean slate and flexibility to execute your vision from the ground up. A site with this combination of location, potential, and flexibility are rarely available.
In addition, the site qualifies under the Transit Oriented Communities (TOC) program at Tier 3 status, for a density bonus potentially allowing for up to 53 units through the 70% TOC density bonus incentive. Paired with a 30% reduction in parking requirements via the TOC designation, enhancing project efficiency, and reducing development costs it provides a developer with a plethora of architectural options.
With its proximity to major educational institutions, employment centers, entertainment venues, and transportation, 1470 W Adams Blvd is well-positioned for student housing, workforce or affordable housing, multifamily development, and/or long-term investment strategies. Providing an attractive opportunity for investors and developers seeking strong income and long-term appreciation potential.
Whether your strategy is to develop modern student housing, pursue affordable housing, establish a signature project in one of Los Angeles' most active and rapidly evolving corridors, 1470 W Adams Blvd presents a truly exceptional development opportunity. The property can be delivered vacant; which offers a clean slate and flexibility to execute your vision from the ground up. A site with this combination of location, potential, and flexibility are rarely available.
Faits sur la propriété
| Prix par unité | 1 936 886 $ CAD | Classe d’immeuble | B |
| Type de vente | Investissement | Taille du lot | 0,29 AC |
| Nombre d’unités | 2 | Taille du bâtiment | 4 313 pi² |
| Type de propriété | Immeuble residentiel | Nombre d’étages | 2 |
| Sous-type de propriété | Appartement | Année de construction | 1895 |
| Style d’appartement | Maison unifamiliale | ||
| Zonage | LAC2 Zoning, Tier 3 TOC - Avec un zonage LAC2 et des incitatifs TOC de niveau 3 | ||
| Prix par unité | 1 936 886 $ CAD |
| Type de vente | Investissement |
| Nombre d’unités | 2 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | Maison unifamiliale |
| Classe d’immeuble | B |
| Taille du lot | 0,29 AC |
| Taille du bâtiment | 4 313 pi² |
| Nombre d’étages | 2 |
| Année de construction | 1895 |
| Zonage | LAC2 Zoning, Tier 3 TOC - Avec un zonage LAC2 et des incitatifs TOC de niveau 3 |
Commodités
Commodités des unités
- Foyer
- Cuisine
Commodités du site
- Installations de lessive
Unité renseignements sur le mélange
| Description | Nombre d’unités | Loyer moyen/mois | pi² |
|---|---|---|---|
| 3+2 | 2 | - | - |
Impôts fonciers
| Numéro de lot | 5054-028-017 | Évaluation des bâtiments | 46 993 $ CAD |
| Évaluation du terrain | 88 391 $ CAD | Évaluation totale | 135 384 $ CAD |
Impôts fonciers
Numéro de lot
5054-028-017
Évaluation du terrain
88 391 $ CAD
Évaluation des bâtiments
46 993 $ CAD
Évaluation totale
135 384 $ CAD
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