1475 Browning blvd

Los Angeles, CA 90062
$968,000
0.12 acres | #OC24232113
Courtesy of Golden Orange Realty Inc.

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
      • Interior:Unfurnished
      • Stories:2
      • Lot description:TwoToFiveUnitsAcre, CornerLot
      • Acres:0.1239
      • Parking spaces:1
      • Property type:Multi-Family
      • Year built:1907
      • Sewer information:PublicSewer
      • Utility source:Public
      • Utility features:CableConnected, ElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected
      • County:Los Angeles
      • Original List Price:$968, 000
      • Taxes annual:$8, 219
      • MLS #:OC24232113
      • Cost:968000
      • Property subtype:Duplex
      • MLS #:OC24232113

Location

The Alcantara GroupReal Estate Group
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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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annually
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monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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