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Chuck Lamm

chuck.lamm@engelvoelkers.com +1(818) 652-2876

$ 1,099,000

Est. payment -/mo

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1045 Browning BLVD Los Angeles, CA 90037

9 Beds

4 Baths

4,162 SqFt

UPDATED:

11/02/2024 10:11 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,162 sqft

Price per Sqft $264

MLS Listing ID 24458759

Bedrooms 9

Construction Status Repairs Cosmetic

HOA Y/N No

Year Built 1924

Lot Size 7,823 Sqft

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 C34 - Los Angeles Southwest

Zoning LAR3

Interior

Heating Wall Furnace

Fireplace No

Exterior

Garage Covered, Door-Multi, Garage, Uncovered

Community Features Gated

View Y/N Yes

View City Lights

Parking Type Covered, Door-Multi, Garage, Uncovered

Attached Garage Yes

Total Parking Spaces 4

Building

Entry Level Multi/Split

Architectural Style Spanish

Level or Stories Multi/Split

New Construction No

Construction Status Repairs Cosmetic

Others

Senior Community No

Tax ID 5037024007

Security Features Gated Community

Special Listing Condition Standard

Listed by Anna Kadinowa • Christie's International Real Estate SoCal

Chuck Lamm

Broker Associate | License ID: 00857151

+1(818) 652-2876

Chuck Lamm

1045 Browning BLVD Los Angeles, CA 90037

Key Details

Location

Interior

Exterior

Building

Others

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1045 Browning BLVD