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$2,795,000
Est. payment /mo
12 Beds
6,036 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 6,036 sqft
Price per Sqft $463
MLS Listing ID CL26848695
Bedrooms 12
HOA Y/N No
Year Built 2020
Lot Size 7,815 Sqft
Acres 0.18
Property Sub-Type OTHER
Property Description
With a 5.8% cap rate based on actual current rents and expenses, 1197 Browning Blvd presents a rare opportunity to acquire a newer construction, low-maintenance fourplex in the heart of Los Angeles, just blocks from the USC campus. Built in 2020, this modern income property features four spacious townhome-style units designed with quality finishes and thoughtful layouts throughout.Each unit offers three bedrooms and three and a half bathrooms, featuring open-concept living spaces, quartz countertops, oversized kitchen islands, stainless steel appliances, recessed lighting, en-suite bathrooms in every bedroom, in-unit laundry, and central HVAC. The two upper-level bedrooms include walk-in closets and private balconies, creating an attractive living experience that continues to drive strong tenant demand.Separately metered for gas, water, and electricity, the property operates efficiently while minimizing owner expenses. Additional features include eight gated on-site parking spaces and quality construction that is evident from the moment you step inside.Ideally located near USC, the property benefits from proximity to Exposition Park, the Los Angeles Memorial Coliseum, BMO Stadium, the Natural History Museum, California Science Center, Downtown Los Angeles, and major employment hubs throughout the city. Easy access to the Metro E Line and the 10 and 110 Freeways further enhances the property's appeal to students and professionals alike.Whether you're completing a 1031 exchange or expanding your portfolio, 1197 Browning Blvd offers a turnkey investment opportunity with strong cash flow, modern construction, and a location positioned for long-term rental demand and appreciation.
Location
State CA
County Los Angeles
Zoning LARD1.5
Interior
Heating Central
Cooling Central Air
Fireplace No
Laundry Washer
Exterior
Total Parking Spaces 8
Building
New Construction No
Others
Tax ID 5037004021
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Listed by Kaela Whelan • Compass