1045 Browning Boulevard
Los Angeles, CA, 90037
$1,099,000
Beds
0 Baths
SqFt
0.18 Acres
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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!

Property Details

Price:
$1,099,000
MLS #:
24458759
Status:
Active Under Contract
Baths:
0
Address:
1045 Browning Boulevard
Type:
Residential Income
Neighborhood:
c34losangelessouthwest
City:
Los Angeles
Listed Date:
Nov 2, 2024
State:
CA
ZIP:
90037
Lot Size:
7,822 sqft / 0.18 acres (approx)
Year Built:
1924
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