15
See all 15 photos
$1,150,000
Est. payment /mo
7,814 Sqft Lot
Active
1221 Browning BLVD Los Angeles, CA 90037
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Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW25069521
HOA Y/N No
Year Built 1921
Lot Size 7,814 Sqft
Property Sub-Type Duplex
Property Description
Unlock the potential of this expansive 7,812 sq. ft. lot, perfectly positioned in a coveted Qualified Opportunity Zone. With RTI (Ready to Issue) permits in hand for a 6-unit building (5 units + 1 attached ADU), 5 - 3 bed, 3.5 bath units and 1 - 3 bed, 3 bath unit, this is a dream project for investors and developers alike. Zoned LARD1.5, this property offers exceptional flexibility and density potential. Situated near top LA landmarks including USC, LA Memorial Coliseum, Downtown LA, Crypto.com Arena, California Science Center, BMO Stadium, and the Natural History Museum, as well as an array of restaurants, shops, and supermarkets, this location is unbeatable. The existing duplex is primed for demolition, clearing the way for a modern multi-unit development in the heart of one of LA's most vibrant communities. Don't miss this chance to capitalize on a high-demand rental market and the benefits of building in a Qualified Opportunity Zone.
Location
State CA
County Los Angeles
Area C34 - Los Angeles Southwest
Zoning LARD1.5
Interior
Heating None
Cooling None
Fireplaces Type None
Fireplace No
Laundry None
Exterior
Parking Features None
Pool None
Community Features Curbs
View Y/N No
View None
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5037004017
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
Listed by Sebastian Stofenmacher • Edgestone Real Estate, Inc. • 818-464-5113