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Property

Property

Property

Property

Property

1187 Browning, Los Angeles, CA 90037

$1,200,000 LOGIN TO SAVE

1187 Browning, Los Angeles, CA 90037
Bedrooms: 2
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Bathrooms: 1
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Area: 1282 SqFt.

    Description


    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 3033 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

    Features

    ​​​​​​​

    Gerri-Lynn Fives

    Real Estate Agent
    Address:
    1111 Prospect St
    La Jolla, CA 92037
    Mobile:
    619-813-7193
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    Contact

    Gerri-Lynn Fives

    Gerri-Lynn Fives

    Do you have questions? We look forward to hearing from you. Contact Gerri-Lynn at 619-813-7193. To know more about Gerri-Lynn Fives, Click the button below to get the full information you need.

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    Information

    1111 Prospect St
    La Jolla, CA 92037

    619-813-7193
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    DRE# 01264757

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    Pacific Sothebys
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by Sandicor®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2016 Sandicor®, Inc.

    2017 © Gerri-Lynn Fives Pacific Sotheby's International Realty - ALL RIGHTS RESERVED - POWERED BY powered by Roya.com

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