1221 Browning Blvd Los Angeles, CA 90037
Exposition Park NeighborhoodEstimated payment $6,727/month
Total Views
8,465
2
Beds
1
Bath
1,806
Sq Ft
$553
Price per Sq Ft
About This Home
Unlock the potential of this expansive 7,812 sq. ft. lot, perfectly positioned in a coveted Qualified Opportunity Zone. With RTI (Ready to Issue) permits in hand for a 6-unit building (5 units + 1 attached ADU), 5 - 3 bed, 3.5 bath units and 1 - 3 bed, 3 bath unit, this is a dream project for investors and developers alike. Zoned LARD1.5, this property offers exceptional flexibility and density potential. Situated near top LA landmarks including USC, LA Memorial Coliseum, Downtown LA, Crypto.com Arena, California Science Center, BMO Stadium, and the Natural History Museum, as well as an array of restaurants, shops, and supermarkets, this location is unbeatable. The existing duplex is primed for demolition, clearing the way for a modern multi-unit development in the heart of one of LA's most vibrant communities. Don’t miss this chance to capitalize on a high-demand rental market and the benefits of building in a Qualified Opportunity Zone.
Listing Agent
Edgestone Real Estate, Inc. Brokerage Phone: 818-464-5113 License #01328684 Listed on: 03/31/2025
Co-Listing Agent
Edgestone Real Estate, Inc. Brokerage Phone: 818-464-5113 License #01705003
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $15,081
Year Built
- Built in 1921
Lot Details
- 7,814 Sq Ft Lot
- 1 Common Wall
- Density is up to 1 Unit/Acre
Home Design
- Duplex
Interior Spaces
- 1,806 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Bathroom
Utilities
- No Heating
Listing and Financial Details
- Legal Lot and Block 43 / B
- Tax Tract Number 2
- Assessor Parcel Number 5037004017
- $418 per year additional tax assessments
Community Details
Overview
- 2 Units
Building Details
- Rent Control
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $15,081 | $1,246,918 | $1,172,634 | $74,284 |
| 2024 | $15,081 | $1,222,470 | $1,149,642 | $72,828 |
| 2023 | $14,793 | $1,198,500 | $1,127,100 | $71,400 |
| 2022 | $14,112 | $1,175,000 | $1,105,000 | $70,000 |
| 2021 | $4,949 | $394,041 | $328,374 | $65,667 |
| 2019 | $4,806 | $382,355 | $318,635 | $63,720 |
| 2018 | $4,663 | $374,859 | $312,388 | $62,471 |
| 2016 | $4,448 | $360,305 | $300,258 | $60,047 |
| 2015 | $4,384 | $354,894 | $295,748 | $59,146 |
| 2014 | $4,411 | $347,943 | $289,955 | $57,988 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/24/2025 06/24/25 | Price Changed | $999,000 | -4.9% | $553 / Sq Ft |
| 06/07/2025 06/07/25 | For Sale | $1,050,000 | 0.0% | $581 / Sq Ft |
| 05/16/2025 05/16/25 | Pending | -- | -- | -- |
| 05/08/2025 05/08/25 | Price Changed | $1,050,000 | -8.7% | $581 / Sq Ft |
| 05/08/2025 05/08/25 | For Sale | $1,150,000 | 0.0% | $637 / Sq Ft |
| 04/24/2025 04/24/25 | Pending | -- | -- | -- |
| 03/31/2025 03/31/25 | For Sale | $1,150,000 | -2.1% | $637 / Sq Ft |
| 12/30/2021 12/30/21 | Sold | $1,175,000 | -4.1% | $651 / Sq Ft |
| 11/10/2021 11/10/21 | Pending | -- | -- | -- |
| 05/19/2021 05/19/21 | For Sale | $1,225,000 | -- | $678 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | Ervin Cohen & Jessup Llp | |
| Grant Deed | $1,175,000 | Chicago Title | |
| Interfamily Deed Transfer | -- | Ticor Title Company | |
| Interfamily Deed Transfer | -- | -- | |
| Grant Deed | $300,000 | Fidelity National Title Co | |
| Trustee Deed | $160,200 | Stewart Title Of Ca Inc | |
| Gift Deed | -- | United Title Company | |
| Grant Deed | -- | World Title Company | |
| Quit Claim Deed | $54,000 | World Title Company |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $940,000 | Commercial | |
| Previous Owner | $445,000 | Unknown | |
| Previous Owner | $405,000 | New Conventional | |
| Previous Owner | $57,100 | Credit Line Revolving | |
| Previous Owner | $330,600 | Purchase Money Mortgage | |
| Previous Owner | $0 | Unknown | |
| Previous Owner | $295,365 | FHA | |
| Previous Owner | $0 | Unknown | |
| Previous Owner | $104,400 | Unknown | |
| Previous Owner | $93,189 | No Value Available | |
| Previous Owner | $75,000 | No Value Available |
Source: Public Records
Similar Homes in the area
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW25069521
APN: 5037-004-017
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
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. Properties may or may not be listed by the office/agent presenting the information
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