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$ 999,000
Est. payment /mo
Active
1221 Browning Boulevard Los Angeles, CA 90037
2 Beds
1 Bath
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW25069521
Bedrooms 2
Property Sub-Type Res Income 2-4 Units
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. Dont 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
Zoning Assessor
Direction Vermont and Exposition
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Tax ID 5037004017
Listed by Sebastian Stofenmacher Edgestone Real Estate, Inc.