1045 Browning Boulevard, Los Angeles, CA 90037
Property
Sold December 2024
Listing Agent: Anna Kadinowa (DRE #01908285) · Listing Office: Christie's International Real Estate SoCal · Contact: 424-249-7162 · Bought with: Anna Kadinowa · Christie's International Real Estate SoCal · MLS #24458759 · Source: CRMLS
About this property
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!
Listing description from the December 2024 sale, as reported to CRMLS.
Sale history