New Construction
For Sale
$2,795,000
1197 Browning Blvd, Los Angeles, CA 90037
Built in 2020, this fourplex offers four townhome-style units with in-unit laundry and central HVAC.
Days on Market44
Property Features for 1197 Browning Blvd
General Information
Standard status
Active
Total Parking Spaces
8
Property subtype
MULTI_FAMILY
Financials
Cap Rate
5.8%
Business Included
No
Additional Details
Highway Access
Yes
Multifamily Units
4
Amenities
open-concept living spaces
quartz countertops
oversized kitchen islands
stainless steel appliances
recessed lighting
en-suite bathrooms
in-unit laundry
central HVAC
walk-in closets
private balconies
Building Details
Building Size
6,036 SF
Year Built
2020
Tenancy
Multi
Listing Agency:
Compass
(310) 437-7500
Listed By:
Kaela Whelan · License #01965737
Source:
Rochellemaize
Added: Jun 17
Changed: Jul 28
Last Checked: Jul 29 at 10:44AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass
Investment Insights
Based on property information with market context.
Built in 2020, this newer construction fourplex provides four townhome-style units configured for comfort and low maintenance. Each unit includes three bedrooms and three and a half bathrooms, with open-concept living space, quartz countertops and oversized kitchen islands, stainless steel appliances, recessed lighting, in-suite bathrooms in every bedroom, in-unit laundry, and central HVAC. The two upper-level bedrooms feature walk-in closets and private balconies. The property also has separate metering for gas, water, and electricity, along with eight gated on-site parking spaces.
Located in Los Angeles near USC, the property is described as just blocks from the USC campus. It also places residents close to Exposition Park, the Los Angeles Memorial Coliseum, BMO Stadium, the Natural History Museum, and the California Science Center. For commuting, the remarks note easy access to the Metro E Line as well as the 10 and 110 Freeways.
Per the provided information, the offering is supported by a 5.8% cap rate based on actual current rents and expenses, positioning the asset as a turnkey, income-producing property in modern construction condition.
Located in Los Angeles near USC, the property is described as just blocks from the USC campus. It also places residents close to Exposition Park, the Los Angeles Memorial Coliseum, BMO Stadium, the Natural History Museum, and the California Science Center. For commuting, the remarks note easy access to the Metro E Line as well as the 10 and 110 Freeways.
Per the provided information, the offering is supported by a 5.8% cap rate based on actual current rents and expenses, positioning the asset as a turnkey, income-producing property in modern construction condition.
Key Highlights
- Built in 2020, 4‑unit fourplex with modern, low‑maintenance construction.
- Each unit features 3 bedrooms and 3.5 bathrooms with open‑concept living and recessed lighting.
- Townhome‑style layout includes quartz countertops, oversized kitchen islands, and stainless steel appliances.
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $147.8k | $24.48 |
| − Vacancy | −$3.7k | −$0.61 |
| EGI | $144.1k | $23.87 |
| − OpEx | −$43.2k | −$7.16 |
| NOI | $100.8k | $16.71 |
6,036 SF · lease $24.48/SF/yr · vacancy 2.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.44M
$1.26M – $1.68M
NOI $100,847 @ 7.0% cap · market cap 3.61%
Second Best
Apartment 5plus
$1.28M
$1.12M – $1.49M
NOI $89,634 @ 7.0% cap · market cap 3.21%
Theoretical Best
Office A
$2.37M
$2.07M – $2.76M
NOI $165,559 @ 7.0% cap · market cap 5.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,164
Businesses Nearby
Explore this area
Business Placement
Demographics for 90037, CA
63,706
Population
18,709
Households
3.4
Avg Household Size
33
Median Age
9%
College-Educated
54%
High-School Grad
2.9 sq mi
ZIP Area
21,968
Density / Sq Mi
$56,417
Median Household Income
$29,857
Median Earnings
$1,438
Median Rent
$632,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Built in 2020, this fourplex offers four townhome-style units with in-unit laundry and central HVAC.
Where is this quadplex located?
The property is located at 1197 Browning Blvd Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,795,000.
What are key features of this property?
This property features: Built in 2020, 4‑unit fourplex with modern, low‑maintenance construction.; Each unit features 3 bedrooms and 3.5 bathrooms with open‑concept living and recessed lighting.; Townhome‑style layout includes quartz countertops, oversized kitchen islands, and stainless steel appliances.
