1949 Adair Street

Los Angeles, CA 90011

$1,999,000
Price
—
Beds
3,347 Sq. Ft.
$597 / Sq. Ft.
3,347
Sq. Ft.
$597
per Sq. Ft.

Description

An affordable housing development opportunity walking distance to Downtown Los Angeles. Located just south of Washington Blvd. an easy commute to Downtown LA. Close to multiple Metro local lines. Fully entitled, ready to break ground for 39 income units and 1 manager unit plus big recreation room (which also can be converted to 2 additional ADU). With total monthly income of $72,795. Plans call for 8 singles and 31 one-bedroom units, with no parking required. The four-story building totals 19,041...An affordable housing development opportunity walking distance to Downtown Los Angeles. Located just south of Washington Blvd. an easy commute to Downtown LA. Close to multiple Metro local lines. Fully entitled, ready to break ground for 39 income units and 1 manager unit plus big recreation room (which also can be converted to 2 additional ADU). With total monthly income of $72,795. Plans call for 8 singles and 31 one-bedroom units, with no parking required. The four-story building totals 19,041 SF and includes amenities such as communal roof deck and sitting area, allowing residents beautiful views of Downtown Los Angeles. The cost-efficient design calls for four stories of Type 3A construction. Design features of the project include stucco-wood, front elevation with 6 balconies integrating modern design elements with high desire. The listing broker is part owner on he property.
  1. Listed by Mojgan Yamini • DRE #01357662 • Brokerage DRE #02163479 • Landmark One Realty

Property Details for 1949 Adair Street

Parking Spaces Total
0
Building Area Total
3347
Stories Total
0
Association Fee
$.00
Zoning
LAC2-CPIO
Parcel Number
5127003001
Area
Downtown L.A. (C42)
Directions
S. of Washing Blvd.

Property Details for 1949 Adair Street

StatusActive
MLS #24342901
Days on Market350
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeOther
MLS TypeCommercial Sale
Year Built1880
Lot Size0.17 AC / 7,195 SF
CountyLos Angeles County

Building Information for 1949 Adair Street

Stories-Residences-Year Built1880Lot Size0.17 AC / 7,195 SF

Property Information for 1949 Adair Street

Property History for 1949 Adair Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1949 Adair Street

Taxable ValueLand$387,934Additions$408,352Total$796,286
Tax Record2018$9,556 ($796 / month)
Home Facts
Beds7Total Finished SqFt3,347 SqFtAbove Grade Finished SqFt3,347 SqFtLot Size7,161 SqFtStyleDuplexYear Built1880ZoningLAMR1CountyLOS ANGELESAPN5127003001

Schools near 1949 Adair Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
San Pedro Street Elementary School
PublicK to 5

John Adams Middle School
Public6 to 8

Thomas Jefferson Senior High School
Public9 to 12

Nava College Preparatory Academy
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1949 Adair Street is for sale in Los Angeles, CA 90011. This property was listed for sale on January 2, 2024 by Landmark One Realty, it's currently listed at $1,999,000. It has been on the market for a total of 350 days and was last sold on November 17, 2022. This listing's school district is Los Angeles Unified School District. Nearby schools include San Pedro Street Elementary School, John Adams Middle School and Thomas Jefferson Senior High School. 1949 Adair Street is a 0-bed, 0-bath, 3,347 sqft built in 1880.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Landmark One Realty, Mojgan Yamini, DRE #01357662

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.