Pending
  • Listing Provided by: 

    Sebastian Stofenmacher DRE #01328684 818-464-5113,

    Edgestone Real Estate, Inc.,

    Matias Stofenmacher DRE #01705003 818-464-5707,

    Edgestone Real Estate, Inc.

    Price cut: $104K (9/10)
    $895,000

    1221 Browning Blvd, Los Angeles, CA 90037

    4beds
    2baths
    1,806sqft
    : 
    Duplex
    Built in 1921
    -- sqft lot
    $988,300 Zestimate®
    $496/sqft
    $-- HOA

    What's special

    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.
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