CA > Los Angeles
Los Angeles, CA 90037,1045 Browning Blvd
Los Angeles, CA 90037,1045 Browning Blvd
Los Angeles, CA 90037,1045 Browning Blvd
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$1,099,000
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9 BD
4 BA
4,162 SqFt
Active Under Contract

1045 Browning Blvd Los Angeles, CA 90037

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Chan Wathen

Chan Wathen

Simply Vegas

+1(702) 461-7869

UPDATED:

11/20/2024 02:32 AM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 4,162 sqft

Price per Sqft $264

MLS Listing ID 24-458759

Style Spanish

Bedrooms 9

Construction Status Repair Cosmetic

Year Built 1924

Lot Size 7,822 Sqft

Acres 0.1796

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!

Location

State CA

County Los Angeles

Area Los Angeles Southwest

Zoning LAR3

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Air Conditioning

Equipment None

Exterior

Parking Features Covered Parking, Garage - 2 Car, Garage Is Attached, Uncovered

Garage Spaces 4.0

View Y/N Yes

View City

Building

Architectural Style Spanish

Level or Stories Multi/Split

Construction Status Repair Cosmetic

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Christie's International Real Estate SoCal

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agent

Chan Wathen

REALTOR ® | RE.NV Lic.# S.59111

+1(702) 461-7869

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1045 Browning Blvd