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Listed by Chelsea He • Golden Orange Realty Inc.
$ 968,000
Est. payment /mo
Active
1475 Browning blvd Los Angeles, CA 90062
2,737 SqFt
UPDATED:
02/20/2025 05:58 PM
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,737 sqft
Price per Sqft $353
MLS Listing ID CROC24232113
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1907
Lot Size 5,397 Sqft
Property Sub-Type Duplex
Property Description
This is well-maintained property. entire new roof replacement in year 2022, new pipes installed, upgraded kitchen and bathroom of middle unit. A rare opportunity to own a stable rental property of corner lot. Total three units on a quiet street near USC, LAFC Stadium, the Natural History Museum, and the Science Center. Zoned LARD2, the property includes two buildings with a total of three units, featuring recent upgrades such as a new roof, updated bathrooms, and flooring. Unit 1: 2 bedrooms, 1 bathroom, Unit 2: 2 bedrooms, 1 bathroom, Unit 3: 1 bedroom, 1 bathroom, with a one-car garage and a separate address at 3972 Dalton Ave. With stable tenants and a 6.5% cap rate, this property is an excellent investment. Additionally, the owner is in the process of applying for permits to reconfigure the units into one 2-bedroom unit, one 4-bedroom unit, and one 3-bedroom unit. Once completed, the reconfiguration is projected to increase the cap rate to over 8%, making this property an even more attractive Please DO NOT disturb tenants.
Location
State CA
County Los Angeles
Interior
Fireplace No
Appliance Gas Water Heater
Laundry See Remarks
Exterior
View None
Building
Lot Description Corner Lot
Water Public
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