1470 W Adams Blvd — Sale in Los Angeles, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Commercial Land
  • Location: Los Angeles, CA 90007

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Description

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. Investment Highlights: • 12,765 Square feet of land C2 • Toc Tier 3, allowing for up to 53 units • Easy access to the I-10 AND I-110 Freeways • Well-positioned in USC patrol zone. • Flexible investment options with existing property -Preserve and restore the existing 131 year-old histor

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