4-Unit Townhome-Style
For Sale
$2,750,000
1197 Browning Blvd, Los Angeles, CA 90037
Built in 2020, the property combines separately metered utilities with gated on-site parking.
Property Size6,036 SF
Days on Market107
Property Features for 1197 Browning Blvd
General Information
Standard status
Active
Size
6,036 SF
Total Parking Spaces
8
Property subtype
MULTI_FAMILY
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
4 x 3BR/3.5BA
Multifamily Units
4
Additional Details
Cap Rate
5.8%
Amenities
in-unit laundry
central HVAC
private balconies
Building Details
Building Size
6,036 SF
Year Built
2020
Buildings
1
Listing Agency:
Compass
Listed By:
Kaela Whelan · License #01965737
(310) 437-7500
Source:
Jademillsestates
Added: Jun 17
Changed: Sep 29
Last Checked: Oct 1 at 6:51PM
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.
Completed in 2020, this 6,036-square-foot quadplex contains four townhome-style residences. Each unit has three bedrooms and three and a half bathrooms, with open living areas, quartz counters, oversized kitchen islands, stainless steel appliances, and central HVAC. All bedrooms have en-suite bathrooms; the two upper-level bedrooms also have walk-in closets and private balconies. In-unit laundry is included, and gas, water, and electricity are separately metered. The property has eight gated parking spaces.
The property is near the USC campus, Exposition Park, the Los Angeles Memorial Coliseum, BMO Stadium, and the Natural History Museum and California Science Center. Downtown Los Angeles is also nearby. Transit and highway access include the Metro E Line and the 10 and 110 Freeways. The stated 5.8% cap rate is based on current rents and expenses.
The property is near the USC campus, Exposition Park, the Los Angeles Memorial Coliseum, BMO Stadium, and the Natural History Museum and California Science Center. Downtown Los Angeles is also nearby. Transit and highway access include the Metro E Line and the 10 and 110 Freeways. The stated 5.8% cap rate is based on current rents and expenses.
Key Highlights
- Four townhome‑style units, each with 3 bedrooms and 3.5 bathrooms
- 6,036 square feet; built in 2020
- Eight gated on‑site parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$100,847
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.67%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,016,940
$2.0M
Cap Rate 7%
$1,440,671
$1.4M
Cap Rate 9%
$1,120,522
$1.1M
Market Conditions
NOI Build-Up for 6,036 SF
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.
Gross rent
$147.8K $24.48/SF
− Vacancy
−$3.7K −$0.61/SF
EGI
$144.1K $23.87/SF
− OpEx
−$43.2K −$7.16/SF
NOI
$100.8K $16.71/SF
Area
ZIP 90037
Vacancy
2.50%
Lease Rate
$24.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,016,940
Cap Rate 7%
$1,440,671
Cap Rate 9%
$1,120,522
Alternative Uses
Best Use
Multifamily LT 5
$1.44M
$1.26M – $1.68M
NOI $100,847 @ 7.0% cap · market cap 3.67%
Second Best
Apartment 5plus
$1.28M
$1.12M – $1.49M
NOI $89,634 @ 7.0% cap · market cap 3.26%
Theoretical Best
Office A
$2.37M
$2.07M – $2.76M
NOI $165,559 @ 7.0% cap · market cap 6.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Highway access
Yes
Utilities to site
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Built in 2020, the property combines separately metered utilities with gated on-site parking.
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 $2,750,000.
What are key features of this property?
This property features: Four townhome‑style units, each with 3 bedrooms and 3.5 bathrooms; 6,036 square feet; built in 2020; Eight gated on‑site parking spaces
