Townhome-Style
For Sale
$2,750,000
1197 Browning Blvd, Los Angeles, CA 90037
Residential Income, Los Angeles, CA
Property Size6,036 SF
Lot Size0.18 Acres
Price / SF$455.60
Days on Market102
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 11, Bathroom 8, Bedroom 7, Bathroom 7, Bathroom 6, Bedroom 3, Bathroom 1, Bathroom 12, Bedroom 8, Bathroom 2, Bathroom 14, Bathroom 3, Bedroom 6, Bathroom 4, Bathroom 9, Bedroom 10, Bathroom 10, Bedroom 4, Bathroom 16, Bathroom 15, Bathroom 5, Bedroom 12, Bedroom 5, Bathroom 13, Bedroom 2, Bedroom 1, Bedroom 11, Bedroom 9
Parking
8
Parking features
Gated, Driveway
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
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: Sep 26
Last Checked: Sep 26 at 8:06PM
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.
Built in 2020, this 6,036-square-foot quadplex contains four townhome-style residences, each arranged with three bedrooms and three and a half bathrooms. Interior features include open living areas, quartz counters, stainless steel appliances, recessed lighting, en-suite bathrooms, walk-in closets, private balconies, in-unit laundry and central HVAC. Gas, water and electricity are separately metered. The 0.1794-acre property also has eight gated parking spaces and LARD1.5 zoning.
The property is near the USC campus, Exposition Park, the Los Angeles Memorial Coliseum, BMO Stadium, the Natural History Museum and the California Science Center. Downtown Los Angeles and major employment centers are also identified nearby, with Metro E Line service and access to the 10 and 110 Freeways in the surrounding area.
The stated cap rate is 5.8%, calculated using current rents and expenses.
The property is near the USC campus, Exposition Park, the Los Angeles Memorial Coliseum, BMO Stadium, the Natural History Museum and the California Science Center. Downtown Los Angeles and major employment centers are also identified nearby, with Metro E Line service and access to the 10 and 110 Freeways in the surrounding area.
The stated cap rate is 5.8%, calculated using current rents and expenses.
Key Highlights
- Four‑unit property built in 2020
- 6,036 square feet on a 0.1794‑acre lot
- Each residence has 3 bedrooms and 3.5 bathrooms
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Four individually metered residences combine private balconies 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 $2,750,000.
What are key features of this property?
This property features: Four‑unit property built in 2020; 6,036 square feet on a 0.1794‑acre lot; Each residence has 3 bedrooms and 3.5 bathrooms
