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.
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
Est.:
Duplex
Built in 1921
-- sqft lot
$1,046,700 Zestimate®
$581/sqft
$-- HOA
What's special
- 45 days
- on Zillow |
- 36 |
- 0 |
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#: PW25069521
Originating 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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