Cynthia Ball-Ward, Listing Office: Pinnacle Estate Properties
$10,000
closing credit¹
1475 Browning Blvd Los Angeles, CA 90062
Property details
About 1475 Browning Blvd
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.
Highlights
Summary
- MLS Number: OC24232113
- MLS Name: CRMLS
- Office Name: Golden Orange Realty Inc.
- Office Email: heruzhen82@gmail.com
- Listing Agent: Chelsea He
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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Last updated on: 1/30/2025, 10:21:02 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$968,000
1475 Browning Blvd
$10,000
closing credit¹
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0.5% sale price²
Price information
Property sales
Date | Event | Price |
---|---|---|
Oct 19, 2021 | Home Sold | $790,000 |
Apr 30, 1999 | Home Sold | $215,000 |
Tax history
Year | Assessment | Property Tax |
---|---|---|
2024 | $821,916 | $10,302 |
2023 | $805,800 | $10,110 |
2022 | $790,000 | $9,651 |
2021 | $667,409 | $8,263 |
2020 | $660,566 | $8,021 |
2019 | $647,615 | $7,933 |
2018 | $634,918 | $7,766 |
2017 | $622,470 | $7,766 |
History based on county public records data.
Nearby schools
4
King Jr. Elementary School
Public District KG-5
0.3 mi
•3989 S Hobart Blvd
5
Normandie Avenue Elementary School
Public District PK-5
0.7 mi
•4505 S Raymond Ave
4
Lenicia B. Weemes Elementary
Public District PK-5
0.7 mi
•1260 W 36th Pl
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $39,420. The majority of Los Angeles, CA residents have income less than $<35k annually. The majority of families are single, no kids. Residents of this area typically have high school diploma education.
Similar homes for sale
This home is located at 1475 Browning Blvd in Los Angeles, CA and zip code 90062 in the South LA neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since November 14, 2024 and is currently priced at $968,000.
Over 524 listings were sold over their listed price in December 2024 in Los Angeles, CA. In the same period over 740 listings were sold below the listed price and 203 listings were sold for the listed price. In December 2024 in Los Angeles, CA there were 5.3% less homes for sale than in November. Listings spent 41 days on the market in December 2024, and had a median list price of $1,026,634 during the same period.