1187 Browning

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LKV Realty, LLC is an affiliate of Lakeview Loan Servicing, LLC (“Lakeview”). Lakeview customers are not required to use LKV Realty, LLC and/or any of the third-party products and services. Lakeview Loan Servicing, LLC (“Lakeview”) is located at 4425 Ponce de Leon Blvd., MS 5-251, Coral Gables, FL 33146 and can be reached at 855-294-8564, or on the internet at www.lakeview.com. Lakeview’s NMLS/Unique Identifier number is NMLS #39152. www.nmlsconsumeraccess.org It is the policy of Lakeview to provide services without regard to race, color, religion, national origin, ancestry, age, sex, familial status, physical handicap, disability, or any other prohibited basis. Lakeview is licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act (license #4131216). Lakeview is not licensed for lending activities in any U.S. territory. Not authorized to originate loans in the State of New York. Lakeview Loan Servicing, LLC is an Equal Housing Lender.

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1187 Browning

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.