1045 Browning Blvd Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90037
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