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1226 Browning Blvd, Los Angeles, CA 90037
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1226 Browning Blvd Los Angeles, CA 90037

$1,700,000 Sold Price as of 09/21/2021
  • 6 Beds
  • 6 Baths
  • 3,150 Sq.Ft.
Sold
$1,700,000 Sold Price as of 09/21/2021 Refinance Your Mortgage
Map preview of 1226 Browning Blvd, Los Angeles, CA 90037

Property Overview: 1226 Browning Blvd Los Angeles, CA has 6 bedrooms, 6 bathrooms, 3,150 living square feet and 7,800 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: LOOKING FOR BACK UP OFFERS! CASH/1031 Buyers Preferred. Don't Miss this Stripped to the Studs UNIQUE Re-Purposed 4 Flex. There is no Compound like this in the Area. The Rehab and Renovations were done with LOVE and this is not an inexpensive cookie cutter property. Composed of 2 Separate Buildings, each Unit feels like a little house/condo with Private Enclosed Landscaped Front & Back Yards with Decks & Patios. 1 Enclosed and Secure Garage/Flex Unit per Unit. ALL UNITS DELIVERED VACANT, so obtain market rents ASAP! USC is back in Session and rentals in the area are full with market rents. The Front 2+2 Units are SMART HOMES with Central A/C & Heat with NEST, Bamboo Floors, Skylights, Double Paned Windows & Sliding Glass Doors. Every Appliance, Fixture & Hard Surface is BRAND NEW! The Upper Rear Units have Polished Concrete Floors and 2 Mini Splits/Unit. New Construction of a 2nd Metro Line and NEW George Lucas Museum are 3 blocks away. The City is anticipating the expansion and growth of this Area and you should too!

Listed by Leena Deneroff | BRE #02044739 | Keller Williams Larchmont
Last checked: 6 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 0

Home details

Lot Sq. Ft
7,800
HOA Dues
$0/mo
Year built
1921
Garage
4 Car
Property Type:
Multi Family
Status
Sold
MLS#
21746624
City
Los Angeles
County
Los Angeles
Time on Site
1102 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Leased Units: 0
  • # of Electric Meters: 4
  • # of Gas Meters: 4
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,950
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,850
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,850
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 15.7
  • Gross Scheduled Income: --
  • Net Operating Income: $41,547
  • Gross Operating Income: $113,400
  • # of Rented Garages: 4
Annual Expense Breakdown
  • Total Operating Expense: --

Virtual Tour

Use the following link to view this property's virtual tour:

Property Details for 1226 Browning Blvd

Interior Features
Cooling Information
  • Has Cooling
  • Central Air, Dual
Heating Information
  • Has Heating
  • Central, Fireplace(s), Combination
Laundry Information
  • No Laundry
  • Stackable, None
Fireplace Information
  • Has Fireplace
  • Living Room, Dining Room
Room Information
  • Flooring: Bamboo
  • Bonus Room, Living Room, Master Bathroom
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Refrigerator, Vented Exhaust Fan, Gas Oven, Range Hood
Interior Features
  • Living Room Deck Attached, Open Floorplan, Recessed Lighting
  • Levels: One
  • Window Features: Skylight(s), Double Pane Windows
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s), Gated Community
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Assigned, Covered, Driveway, Garage - Single Door, Private, Shared Driveway
Lot Information
  • Lot Features: Landscaped, Lawn, Back Yard, Front Yard
Property Information
  • Has View
  • View: City Lights
  • Total # of Units: 4
  • Parcel Number: 5037001001
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Other
Location / Neighborhood
Location Information
  • Directions: On Browning, South of Exposition Blvd, North of Martin Luther King Blvd
View more facts & features

Local Los Angeles Agent

Sale History for 1226 Browning Blvd

Last sold for $1,700,000 on September 21st, 2021

  • September, 2021

  • Sep 8, 2021

    Date

    Pending

    CRMLS: 21746624

    $1,775,000

    Price

  • Jul 12, 2021

    Date

    Active Under Contract

    CRMLS: 21746624

    $1,775,000

    Price

  • Jul 6, 2021

    Date

    Active

    CRMLS: 21746624

    $1,775,000

    Price

  • Jun 19, 2021

    Date

    Coming Soon

    CRMLS: 21746624

    $1,775,000

    Price

  • April, 2020

  • Apr 16, 2020

    Date

    Expired

    CRMLS: 19520816

    $1,095,000

    Price

  • Dec 30, 2019

    Date

    Withdrawn

    CRMLS: 19520816

    $1,095,000

    Price

  • Oct 29, 2019

    Date

    Price Change

    CRMLS: 19520816

    $1,095,000

    Price

  • Oct 15, 2019

    Date

    Active

    CRMLS: 19520816

    $1,195,000

    Price

  • Listing provided courtesy of CRMLS

    Situated only 2 blocks from USC, the George Lucas Museum, and the Vermont and Exposition metro stop. This is currently the most coveted and sought after location in all of Los Angeles. There is currently BILLIONS of dollars in overall construction costs happening within blocks of this property. Finally a deal that cashflows! With a small 130,000 investment after closing in renovation expense you could be collecting nearly $9,000 in gross monthly rent! This neighborhood is full of 3 bedroom units renting for nearly $4,000 per month as it is the new student housing pocket for USC. Being this close to the metro allows working professionals to "skip the car expense and the traffic" and take the metro and go straight to DTLA, Culver City or Santa Monica. All tenants have on sight parking accessible from Browning or from the rear alley. Owner has architectural plans, engineering and title 24 ready to go for buyers consideration.

  • March, 2020

  • Mar 9, 2020

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • May, 2019

  • May 16, 2019

    Date

    Sold

    CRMLS: 18417824

    $750,000

    Price

  • Mar 28, 2019

    Date

    Active Under Contract

    CRMLS: 18417824

    $760,000

    Price

  • Feb 27, 2019

    Date

    Price Change

    CRMLS: 18417824

    $760,000

    Price

  • Feb 25, 2019

    Date

    Active

    CRMLS: 18417824

    $747,000

    Price

  • Jan 30, 2019

    Date

    Active Under Contract

    CRMLS: 18417824

    $747,000

    Price

  • Dec 29, 2018

    Date

    Active

    CRMLS: 18417824

    $747,000

    Price

  • Listing provided courtesy of CRMLS

    Great location! Zoning LARD 1.5 on just shy of an 8000 lot perfect for investors and developers, 4-plex fully rented adjacent USC and the Coliseum with easy freeway access, nearby Downtown Los Angeles and the Staple Center.

  • May, 2019

  • May 15, 2019

    Date

    Sold (Public Records)

    Public Records

    $750,000

    Price

Show More

Tax History for 1226 Browning Blvd

Assessed Value (2020): $765,200
Year Land Value Improved Value Assessed Value
2020 $510,000 $255,200 $765,200

Home Value Compared to the Market

This property vs the competition

1226 Browning Blvd sold on September 21, 2021 for 57.08% higher than the current median sold price for the city of Los Angeles which is $1,130,000. The median sold price per/sqft for Los Angeles is $754 and this home is sold at $563.49 per/sqft which puts the price per square foot 25.27% lower than the current median sale per square foot for the city of Los Angeles.

About 1226 Browning Blvd

Detailed summary of property

1226 Browning Blvd is a multi family that recently sold in Los Angeles, CA 90037. This multi family property offered 6 bedrooms, 6 bathrooms, roughly 3,150 living square feet, and sits on an approximately 7,800 square foot lot. 1226 Browning Blvd was first listed on ArdentRealEstateGroup.com on June 19, 2021. The homeowner sold the property for $1,700,000. Home in Los Angeles are selling for a median price of $1,130,000 and a median price per square foot of $754. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 57.08% higher than the current median priced home. Local homes that are currently for sale include 1535 W 28th St, 540 W 49th St and 263 W 41st Pl. There are currently 4006 homes for sale in the Los Angeles real estate market and 2700 of them are single family homes while 1190 of them are condos and 109 are townhomes. For more information on this home for sale at 1226 Browning Blvd Los Angeles, CA 90037 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1226 Browning Blvd

Public county record property details
Beds
4
Baths
4
Year built
--
Sq. Ft.
2,982
Lot Size
7,799
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
18
APN
5037-001-001

The source for these homes facts are from public records.

90037 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$749,000
Median List Price/Sq.Ft.
$491
Median Sold Price
$650,000
Median Sold Price/Sq.Ft.
$543
Total Inventory
29
Median Sale to List Price %
100%
Avg Days on Market
41
Loan Type
Conventional (12.5%), FHA (25%), VA (0%), Cash (25%), Other (25%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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