1054 Browning Boulevard

Los Angeles, CA 90037

$1,100,000
Price
6
Beds
5
Baths
3,903 Sq. Ft.
$282 / Sq. Ft.
3,903
Sq. Ft.
$282
per Sq. Ft.

Description

This charming 5 Unit Hollywood Bungalow style compound is located in the robust Exposition Park neighborhood adjacent to USC and all facilities. It has a healthy 5% cap rate at the list price with in place rents. There is still an outstanding upside in the income of over 67%. The property offers an amazing array of amenities within a 2 or 3 block radius. That includes attractions like the Lucas Museum, BMO Stadium, Exposition Park, John C. Argue Swim Stadium, USC Hybrid HS and the USC campus. The...This charming 5 Unit Hollywood Bungalow style compound is located in the robust Exposition Park neighborhood adjacent to USC and all facilities. It has a healthy 5% cap rate at the list price with in place rents. There is still an outstanding upside in the income of over 67%. The property offers an amazing array of amenities within a 2 or 3 block radius. That includes attractions like the Lucas Museum, BMO Stadium, Exposition Park, John C. Argue Swim Stadium, USC Hybrid HS and the USC campus. The property recently benefitted from major capital improvements including all copper plumbing, new exterior paint and new fascia boards. The building just passed the LAHD S. C. E. P. inspection. (Buyer to independently verify Bedroom counts and Square Footage). The seller is willing to consider carrying a small 2nd trust deed on the property.
  1. Listed by Keith Moret • DRE #01802527 • Brokerage DRE #01399621 • Lyon Stahl Investment Real Estate, Inc.
  2. Listed by Nicholas Ensbury • DRE #02012167 • Lyon Stahl Investment Real Estate, Inc.

Property Details for 1054 Browning Boulevard

Zoning
LARD1.5
Style
Bungalow
Parcel Number
5037026024
Total Units
5.0
Living Area
3903
Source Living Area
Assessor
Area
Los Angeles Southwest (C34)
Vacancy Rate
$2794.00
LISTING UPDATED: 11/19/2024 01:07 PM

Property Details for 1054 Browning Boulevard

StatusActive
MLS #24-452365
Days on Market41
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1911
Lot Size0.16 AC / 7,084 SF
CountyLos Angeles County

Building Information for 1054 Browning Boulevard

Stories1Residences-Year Built1911Building Size-Lot Size0.16 AC / 7,084 SF

Property Information for 1054 Browning Boulevard

Community / Development
Community / Development
  • Number Of Units: 5
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 1
  • Number Of Buildings: 2
  • Type Of Units: Residential
  • View: No
  • View Description: None
  • View: None
  • Direction Faces: North
  • Water Heaters: Yes
Contract Info
Contract Info
  • Probate: No
  • Financing: Owner May Carry
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $90,332
  • Net Operating Income: $57,428.00
  • Gross Income: $90,332
  • Cap Rate: 4.99%
  • Gross Rent Multiplier: $12.35
  • Actual Annual Gross Rent: $93,126.00
  • Actual Rent Total: $93,126.00
  • Financial Info as Of: 10/01/2024
  • Vacancy Allow Percent: 3.00%
  • Owner Pays: Water, Gardener
  • Total Annual Expense: 32905
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1626
  • Lot Size Square Feet: 7084
Parking Details
Parking Details
  • Parking Garage: Uncovered
  • Total Parking: 5
  • Open Other Spaces Total: 5
  • Parking Features: Uncovered
Interior Features
Interior Features
  • Levels: One
  • Cooling: None
  • Cooling Type: None
  • Heating: Natural Gas
  • Heating Type: Natural Gas
  • Equipment: Garbage Disposal
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 10-14-2024
  • Tenant Pays: Gas, Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,123.00
  • Unit Actual Rent: $1,123.00
  • Unit Projected Rent: $1,850.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,227.00
  • Unit Actual Rent: $1,227.00
  • Unit Projected Rent: $1,950.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,028.00
  • Unit Actual Rent: $2,028.00
  • Unit Projected Rent: $3,200.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,730.00
  • Unit Actual Rent: $1,730.00
  • Unit Projected Rent: $2,950.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,583.00
  • Unit Actual Rent: $2,950.00
  • Unit Projected Rent: $2,950.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $235,647.00
  • Assessed Improvement Percent: 35.4
  • Assessed Land Value: $430,061.00
  • Assessed Land Percent: 64.6
  • Assessed Total Value: $665,708.00

Property History for 1054 Browning Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1054 Browning Boulevard

Taxable ValueLand$438,662Additions$240,359Total$679,021
Tax Record2024$9,150 ($763 / month)
Home Facts
Total Finished SqFt3,903 SqFtAbove Grade Finished SqFt3,903 SqFtLot Size7,082 SqFtStyleMulti-Family Res (5+ Units)Year Built1911ZoningLARD1.5CountyLOS ANGELESAPN5037-026-024

Schools near 1054 Browning Boulevard

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 7
Public - 6 to 11
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Menlo Avenue Elementary School
PublicK to 7

Barack Obama Global Preparation Academy
Public6 to 11

Manual Arts Senior High School
Public9 to 12

USC Hybrid High College Prep
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1054 Browning Boulevard is a multi-family home for sale in Los Angeles, CA 90037. This property was listed for sale on October 11, 2024 by Lyon Stahl Investment Real Estate, Inc., it's currently listed at $1,100,000. It has been on the market for a total of 41 days and was last sold on August 28, 2013. This listing's school district is Los Angeles Unified School District. Nearby schools include Menlo Avenue Elementary School, Barack Obama Global Preparation Academy and Manual Arts Senior High School. 1054 Browning Boulevard is a 6-bed, 5-bath, 3,903 sqft multi-family home built in 1911.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Keith Moret, DRE #01802527; Lyon Stahl Investment Real Estate, Inc., Nicholas Ensbury, DRE #02012167

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.