W Adams BL Lot 38 Los Angeles CA 90007 MLS #SR25141884

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!