1187 Browning, Los Angeles, California 90037, Los Angeles, 90037 - 2 bed, 1 bath
Loading property details...
Los Angeles, California 90037
This property presents a High-Potential Investment Opportunity with a List Price of $1,100,000—positioned above the $973,081 Fair Market Value. While the current valuation reflects a premium, the RD1.5-1-CPIO Zoning and 7,815 sq. ft. lot provide significant upside for developers. With a Condition Rating of 6 (Teardown), the value lies exclusively in the land and density potential. This is a strategic acquisition for Multi-Family Developers or Real Estate Investors focused on long-term yield through new construction and density bonus utilization.
Property is land value only, full reconstruction required.
The property was built in 1921, making it over 100 years old. The listing description explicitly states that 'Existing improvements are incidental' and the 'value is primarily in the land and zoning,' further labeling the 'Existing Structure as a Teardown.' The exterior image shows significant signs of neglect and disrepair, consistent with a property that is considered unlivable and requires demolition, with its value based solely on the land.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7815, living area = 1282.
Zoned RD1.5-1-CPIO, allowing for up to 5 units with potential for more through density bonuses, making it an attractive developer opportunity.
A substantial 7,815 sq. ft. lot provides ample space for multi-unit construction in a dense urban environment.
The 1921-built, 2-bed, 1-bath home is old and its improvements are 'incidental,' meaning it holds little value and will require demolition, adding to development costs.
As a pure development play, the property demands substantial upfront capital for demolition, permits, design, and construction of new multi-family units.
The listing emphasizes 'buyer to verify all information with the city and appropriate professionals,' highlighting the complexity and potential risks associated with navigating zoning and development regulations.
Development Opportunity – RD1.5-1-CPIO | Potential for Increased Density | SB 8 / Density Bonus Potential Rare opportunity to acquire a ±7,800 SF development site at 1187 Browning Boulevard in a rapidly evolving pocket of South Los Angeles. Zoned RD1.5-1-CPIO, the property provides a by-right foundation of approximately 5 units, with potential for additional density through State and City housing incentive programs. The property may allow for increased density beyond base zoning through California Density Bonus Law, which can provide opportunities for additional units, reduced parking requirements, and expanded building envelope (including height and FAR), in exchange for affordable housing set-asides. Buyers to verify eligibility and requirements. Projects in similar RD1.5 zones have utilized these programs to increase unit count beyond by-right limits. Additionally, buyers should explore the applicability of Transit Oriented Communities (TOC) incentives and other local housing initiatives, which may provide opportunities for increased density, reduced parking, and more efficient site planning. Height District 1 zoning typically permits approximately 30–33 feet, supporting 2-story construction by-right, with potential for modifications to height and massing through applicable incentive programs. Buildable floor area may increase when utilizing such programs, subject to approval. The property falls within a Community Plan Implementation Overlay (CPIO), which introduces additional planning guidelines and development standards. Importantly, the site may be subject to California SB 8 (Housing Crisis Act), requiring compliance with replacement housing obligations and tenant protections if existing residential units are removed. A Replacement Unit Determination (RUD) from the Los Angeles Housing Department (LAHD) may be required. Buyer to independently verify all zoning, density bonus eligibility, TOC applicability, FAR, height limits, CPIO standards, SB 8 requirements, and all local/state ordinances. Property sold as-is.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 32% |
| Baths | 1.0 | 2.0 | 45% |
| Square foot | 1,282 | 1,288 | 48% |
| Lot Size | 7,815 | 5,374 | 97% |
| Price | $1.10M | $675.0K | 94% |
| Price per sq ft | $858 | $499 | 97% |
| Built year | 1921 | 1912 | 71% |
| HOA | $0 | $0 | 50% |
| Days on market | 183 | 183 | 52% |
May 13, 2026
$1,100,000
$1,200,000
-8% Price Drop
Initial Listing
Dec 5, 2025
$1,200,000
Initial Listing