$1,170,000

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!