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1202 Browning Blvd
Los Angeles, CA 90037
Multifamily Property For Sale
·
4 Units
EXECUTIVE SUMMARY
A 5.8 cap rate with actual currents rent and expenses and not subject to rent control, this 2020 newer construction, sleek four unit property is an absolute gold mine. Located blocks from the USC campus, this modern income property features gorgeous townhome-style units, each designed with quality finishes and thoughtful details throughout. If steady cash flow and low maintenance are what you're looking for, you've found the perfect property. Separately metered for gas, water and electrical, bringing expenses to a minimum. Each unit features three bedrooms, three and a half bathrooms with an open concept layout, high end finishes, stainless steel appliances, recessed lighting, en suite bathrooms in every bedroom, in unit laundry and walk in closets and balconies upstairs. You can feel the quality of construction as soon as you step foot in one of the units. There is parking for 8 cars on site, through a secured gate in the front. This property presents an exceptional, turn-key investment opportunity in a high-growth pocket of Los Angeles. Whether you're expanding your portfolio or seeking a reliable cash-flowing asset, 1202 Browning Blvd is a proven money maker in one of LA's most consistent rental markets.
PROPERTY FACTS
| Price Per Unit | $962,738 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.19 AC |
| Cap Rate | 5.80% | Building Size | 6,036 SF |
| Gross Rent Multiplier | 14 | No. Stories | 2 |
| No. Units | 4 | Year Built | 2020 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment | ||
| Zoning | LARD1.5 - Restricted Density Multiple | ||
| Price Per Unit | $962,738 CAD |
| Sale Type | Investment |
| Cap Rate | 5.80% |
| Gross Rent Multiplier | 14 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.19 AC |
| Building Size | 6,036 SF |
| No. Stories | 2 |
| Year Built | 2020 |
| Opportunity Zone |
Yes |
| Zoning | LARD1.5 - Restricted Density Multiple |
PROPERTY TAXES
| Parcel Number | 5037-002-012 | Improvements Assessment | $1,635,089 CAD |
| Land Assessment | $597,474 CAD | Total Assessment | $2,232,563 CAD |
PROPERTY TAXES
Parcel Number
5037-002-012
Land Assessment
$597,474 CAD
Improvements Assessment
$1,635,089 CAD
Total Assessment
$2,232,563 CAD
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