1475 Browning blvd
Los Angeles, CA 90062
0.12 acres | #OC24232113
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.
Property Details
- Utility FeaturesCableConnected, ElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected
- Lot DescriptionTwoToFiveUnitsAcre, CornerLot
- Property TypeMulti-Family
- InteriorUnfurnished
- Sewer InformationPublicSewer
- CountyLos Angeles
- MLS #OC24232113
- MLS #OC24232113
- Original List Price$968,000
- Acres0.1239
- Utility SourcePublic
- Taxes Annual$8,219
- Cost968000
- Property SubtypeDuplex
- Year Built1907
- Stories2
- Parking Spaces1
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Chelsea He (#OCHECHELS)
Listing Office: Golden Orange Realty Inc. (#OC07597)
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