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453 E Adams Boulevard

Los Angeles (City), CA 90011
  • $1,170,000
  • STATUS: Pending
  • ON SITE: 17 Days
  • ID#: PW23166056
Pending
UPDATED: 194 min ago
$1,170,000
  • 0
    BEDS
  • 0.27
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1901
County:

School Ratings & Info

Listing Agent(s): Nakia Reneau-Holland of Coldwell Banker Realty (310-777-6200) and Natasha Reneau Jones of Coldwell Banker Realty(310-777-6200)


Description

Welcome to 453 E Adams, a beautifully preserved 1907 home with exquisite woodwork. 453 E Adams is a historical monument that used to be used as a popular tea parlor for many years. This elegant craftsman mission revival was home to Effie's Tea Parlor which served a variety of teas, dainty sandwiches, little sweets, and many memories! This was a house with connections; the first black city councilman would stop by often, politicians, big bands, mayors and more used to frequent this home. 453 E Adams is on the market publicly for the first time ever. This home was built in 1904 by architect Thornton Fitzhugh, Thornton built the home for his sisters. This home cost $1800 to build back in the day, when the average wage was $.35 cents an hour. The story begins in 1936, when Dr. Etta Gray bought the home from one of the architects sisters! The back rooms were converted into a clinic for poor patients. Gray never lived in the home, everyone thought the caretakers owned the home. In the 40's & 50's they used to have weekend parties. The caretakers purchased the house in 1970 for $17,500 from Dr. Grays estate when she died shy of her 90th birthday. The home has now been in the family for over 53 years, however the family has now decided to bring the beautiful legacy at 453 E Adams to completion! This home has so many possibilities! The lot is zoned R4-1 on a 11,912 lot, TIER TOC 3. The garage was converted to a studio/ recreation type room with bathroom. Utilize as transitional housing, rent to USC students & more!Conveniently located within close proximity to a variety of dining and local businesses and less than 2 miles from USC, LA's Fashion District, the LA Convention Center, the Cypto.com Arena, LA Live, and Exposition Park where you'll find the Los Angeles Memorial Coliseum, Natural History Museum and BMO Stadium and the forthcoming George Lucas Museum of Narrative Art. A few blocks from a bus stop, a short distance to the 10, 110 and 101 freeways, and minutes to exciting shopping, restaurants, and nightlife in Downtown LA, this is a wonderful location for your next investment opportunity!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-24T00:28:43.64. This information 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Romero Home Team | eXp Realty. Licensed in the State of California, USA.
www.romerohometeam.com/homes/143114091
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453 E Adams Boulevard Los Angeles (City), CA 90011

  • Price: $1,170,000
  • Status: Pending
  • On Site: 17 Days
  • Updated: 194 min ago
  • ID#: PW23166056
0
Beds
0
Baths
0
½ Baths
0.27
Acres
1901
Built
Neighborhood:
C42 - Downtown L.A.
County:
Los Angeles
Area:
C42 - Downtown L.A.
Property Description
Welcome to 453 E Adams, a beautifully preserved 1907 home with exquisite woodwork. 453 E Adams is a historical monument that used to be used as a popular tea parlor for many years. This elegant craftsman mission revival was home to Effie's Tea Parlor which served a variety of teas, dainty sandwiches, little sweets, and many memories! This was a house with connections; the first black city councilman would stop by often, politicians, big bands, mayors and more used to frequent this home. 453 E Adams is on the market publicly for the first time ever. This home was built in 1904 by architect Thornton Fitzhugh, Thornton built the home for his sisters. This home cost $1800 to build back in the day, when the average wage was $.35 cents an hour. The story begins in 1936, when Dr. Etta Gray bought the home from one of the architects sisters! The back rooms were converted into a clinic for poor patients. Gray never lived in the home, everyone thought the caretakers owned the home. In the 40's & 50's they used to have weekend parties. The caretakers purchased the house in 1970 for $17,500 from Dr. Grays estate when she died shy of her 90th birthday. The home has now been in the family for over 53 years, however the family has now decided to bring the beautiful legacy at 453 E Adams to completion! This home has so many possibilities! The lot is zoned R4-1 on a 11,912 lot, TIER TOC 3. The garage was converted to a studio/ recreation type room with bathroom. Utilize as transitional housing, rent to USC students & more!Conveniently located within close proximity to a variety of dining and local businesses and less than 2 miles from USC, LA's Fashion District, the LA Convention Center, the Cypto.com Arena, LA Live, and Exposition Park where you'll find the Los Angeles Memorial Coliseum, Natural History Museum and BMO Stadium and the forthcoming George Lucas Museum of Narrative Art. A few blocks from a bus stop, a short distance to the 10, 110 and 101 freeways, and minutes to exciting shopping, restaurants, and nightlife in Downtown LA, this is a wonderful location for your next investment opportunity!
Exterior Features

Architectural Style Craftsman Construction Materials Stucco Entry Level 1 Entry Location Front DoorSide Door & 2 Back Doors. Lot Features GardenLawn Number Of Separate Electric Meters 1 Open Parking Spaces 5 Parking Features DrivewayGated Parking Total 10 Pool Features None Pool Private YN No Property Attached YN No View None View YN No

Interior Features

Basement YN Yes Common Walls No Common Walls Cooling None Cooling YN No Fireplace Features See Remarks Fireplace YN Yes Flooring Wood Interior Features Entrance Foyer

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features Curbs Contingency N/A Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 81000 Gross Scheduled Income 81000 Insurance Expense 0 Land Lease YN No Laundry Features See Remarks Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanConventionalSubmit Net Operating Income 56700 New Construction YN No Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Number Of Units Leased 0 Operating Expense 24300 Property Sub Type Single Family Residence Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 0 Trash Expense 0 Water Sewer Expense 0 Water Source Public Zoning Lar4



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-24T00:28:43.64. This information 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Romero Home Team | eXp Realty. Licensed in the State of California, USA.
 
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Romero Home Team | eXp Realty
865 Aerovista Pl, Suite 120
San Luis Obispo CA, 93401
Listing Agent(s): Nakia Reneau-Holland of Coldwell Banker Realty (310-777-6200) and Natasha Reneau Jones of Coldwell Banker Realty(310-777-6200)