Modern Fourplex with Townhome
For Sale
$2,750,000
1197 Browning Blvd, Los Angeles, CA 90037
MULTI_FAMILY - Los Angeles, CA
Property Size6,036 SF
Lot Size0.18 Acres
Price / SF$455.60
Days on Market67
Property Features for 1197 Browning Blvd
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
LARD1.5
Bedrooms
12
Bathrooms
16
Full bathrooms
16
Rooms
Bathroom 16, Bedroom 5, Bathroom 15, Bedroom 10, Bathroom 13, Bathroom 6, Bedroom 3, Bathroom 8, Bedroom 11, Bathroom 14, Bathroom 1, Bedroom 7, Bathroom 10, Bathroom 9, Bathroom 2, Bedroom 8, Bathroom 4, Bedroom 6, Bathroom 5, Bedroom 4, Bathroom 7, Bathroom 12, Bedroom 2, Bedroom 1, Bedroom 12, Bathroom 11, Bedroom 9, Bathroom 3
Parking
8
Parking features
Driveway, Gated
Directions
E of Normandie, W of Vermont, N of MLK, S of Exposition
Subdivision
Los Angeles Southwest
Standard status
Active
APN
5037-004-021
Size
6,036 SF
Lot size
0.18 Acres
Utilities
Heating system
Central
Cooling system
Central Air
Amenities
in-unit laundry
central HVAC
private balconies
gated parking
separately metered utilities
Building Details
Year built
2020
Floors in Building
2
Number of units
4
Listing Agency:
Compass
(310) 437-7500
Listed By:
Kaela Whelan · License #01965737
(310) 526-1259
Added: Jun 17
Changed: Aug 18
Last Checked: Aug 22 at 12:06AM
MLS# 26848695
Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 1197 Browning Blvd, this fourplex contains 6,036 square feet and was built in 2020. The property comprises four townhome-style units, each with three bedrooms and three and a half bathrooms. Interior features include open living areas, quartz countertops, oversized kitchen islands, stainless steel appliances, recessed lighting, en-suite bathrooms, walk-in closets, private balconies, and in-unit laundry. Central heating and central air serve the units.
Gas, water, and electricity are separately metered. The property includes eight gated on-site parking spaces, driveway parking, and LARD1.5 zoning. The location is near the USC campus, Exposition Park, the Los Angeles Memorial Coliseum, BMO Stadium, the Natural History Museum, California Science Center, and Downtown Los Angeles. Access to the Metro E Line and the 10 and 110 Freeways is also nearby.
The property reports a 5.8% cap rate based on actual current rents and expenses and occupies 0.1794 acres in Los Angeles, California.
Gas, water, and electricity are separately metered. The property includes eight gated on-site parking spaces, driveway parking, and LARD1.5 zoning. The location is near the USC campus, Exposition Park, the Los Angeles Memorial Coliseum, BMO Stadium, the Natural History Museum, California Science Center, and Downtown Los Angeles. Access to the Metro E Line and the 10 and 110 Freeways is also nearby.
The property reports a 5.8% cap rate based on actual current rents and expenses and occupies 0.1794 acres in Los Angeles, California.
Key Highlights
- Four townhome‑style units, each with 3 bedrooms and 3.5 bathrooms
- 6,036 square feet on 0.1794 acres
- Built in 2020 with central heating and central air
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
Property Profile
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
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 with separately metered utilities, gated parking, and central HVAC throughout.
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 on 0.1794 acres; Built in 2020 with central heating and central air
