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1045 Browning Boulevard
Los Angeles, CA 90037
Discover an exceptional investment opportunity at 1045 Browning Boulevard in Los Angeles. This 7,820 square foot lot is strategically located in the desirable Exposition Park area. One of the last commercial zone lots on the block. Currently functioning as a four-unit multifamily property, this site generates income while you navigate the entitlement process. The property is zoned LAC2-2D-CPIO, allowing for the development of up to 19 units by-right. However, leveraging the Tier 3 Transit Oriented Communities (TOC) benefits, there is potential to increase this to 34 units. The TOC program offers valuable incentives such as significant density bonuses, reductions in setbacks, parking requirements, and an enhanced floor area ratio. Surrounded by vibrant local amenities, including the new George Lucas Museum, Exposition Park, the LA Coliseum, BMO Stadium, and the Natural History Museum, this property is positioned for growth in a thriving neighborhood. This offering presents an excellent opportunity for any investor or developer looking to capitalize on a mid-size lot with substantial development potential in a prime Los Angeles location. Don't miss out on the chance to create a significant impact in this rapidly evolving area!
PROPERTY INFORMATION
| MLS # | 24458759 | Lot Size | 7,822 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 1,099,000
Price Per SqFt: $ 264 |
DOM | 183 Days |
| Address | 1045 Browning Boulevard | Type | Residential Income |
| City | Los Angeles | Sq.Ft. | 4,162 Sq. Ft. |
| Postal Code | 90037 | Garage | N/A |
| County | Los Angeles | Year Built | 1924 |
| Bed / Bath | 9 / 0 | Parking | 4 |
| Built In | 1924 | Status | Active |
INTERIOR FEATURES
| Has Appliances | Yes |
| Has Heating | Yes |
| Heating Information | Wall Furnace |
| Entry Level | 2 |
| SecuritySafety | Gated Community |
EXTERIOR FEATURES
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $1,172
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 11/02/2024 | Listed | $1,099,000 |
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Listing provided courtesy of Anna Kadinowa, Christie's International Real Estate SoCal. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
