1045 Browning Boulevard, Los Angeles, CA 90037
-
Listed Price :
$1,099,000
-
Beds :
9
-
Baths :
4
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Property Size :
4,162 sqft
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Year Built :
1924
Property Description
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!
Interior Features
| Bedroom Information |
| Bedrooms |
9 |
| Bathroom Information |
| Bathrooms |
4 |
Listing Information
| Address |
1045 Browning Boulevard |
| City |
Los Angeles |
| State |
CA |
| Zip |
90037 |
| County |
Los Angeles |
| Listing Agent |
Anna Kadinowa DRE #01908285 |
| Co-Listing Agent |
Kirby Gillon DRE #01960253 |
| Courtesy Of |
Christie's International Real Estate SoCal |
| List Price |
$1,099,000 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
4,162 |
| Lot Size |
7,822 |
| Year Built |
1924 |
Listing information courtesy of: Anna Kadinowa, Kirby Gillon, Christie's International Real Estate SoCal. *Based on information from the Association of REALTORS/Multiple Listing as of Nov 2nd, 2024 at 10:11 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
