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For sale
  • 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: $100K (5/8)
    $1,050,000

    1221 Browning Blvd, Los Angeles, CA 90037

    4beds
    2baths
    1,806sqft
    : 
    Duplex
    Built in 1921
    -- sqft lot
    $1,046,700 Zestimate®
    $581/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.
    45 days
    on Zillow
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    Zillow last checked: 7 hours ago

    Listing updated: June 07, 2025 at 07:12am

    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.

    Source: CRMLS,MLS#: PW25069521MLS LogoOriginating MLS: California Regional MLS
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    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    Heating
    • None
    Cooling
    • None
    Appliances
    • Laundry: None
    Features
    • Has fireplace: No
    • Fireplace features: None
    • Common walls with other units/homes: 1 Common Wall
    Interior area
    • Total structure area: 1,806
    • Total interior livable area: 1,806 sqft

    Property

    Parking
    • Parking features: None
    Features
    • Levels: One
    • Stories: 1
    • Entry location: 1
    • Pool features: None
    • Spa features: None
    • Has view: Yes
    • View description: None
    Lot
    • Size: 7,814 Square Feet
    • Features: 0-1 Unit/Acre
    Details
    • Parcel number: 5037004017
    • Zoning: LARD1.5
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Duplex
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 1921

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Features: Curbs
    Location
    • Region: Los Angeles

    Financial & listing details

    • Price per square foot: $581/sqft
    • Tax assessed value: $1,222,470
    • Annual tax amount: $15,081
    • Date on market: 3/31/2025
    • Listing terms: Cash,Cash to New Loan
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