Echo Park Bungalows and C2 Land

1762 Glendale Blvd, Los Angeles, CA 90026

  • For Sale $1,350,000
  • Property Type Multi-Family
  • Property Size 1,943 SF
  • Units 3
  • Lot Size 0.17 Acre
  • Additional Rent Contact for pricing
  • Year Built 1914
  • Date Updated Oct 7, 2024
Echo Park is a vibrant and electric community, in the heart of Los Angeles. This dynamic neighborhood blends historic charm with a trendy, artistic atmosphere, making it a prime location multifamily investment and development. Echo Park is strategically positioned just northwest of downtown Los Angeles, providing convenient access to major highways and public transportation. Its central location makes it an ideal hub for businesses seeking connectivity within the city. Known for its artistic spirit, Echo Park boasts a rich cultural scene. The neighborhood is home to numerous art galleries, theaters, restaurants, bars, music venues, and creative spaces. With its iconic Echo Park Lake at the center, the neighborhood offers a serene escape amidst the urban hustle. The lake serves as a recreational hotspot, attracting residents and visitors alike for paddle boating, picnics, and leisurely strolls. The nearby Elysian Park provides additional green spaces for outdoor activities. Echo Park is a culinary haven, featuring a diverse array of restaurants, cafes, and food trucks. From trendy eateries to coffee shops, the neighborhood caters to a wide range of tastes. Additionally, the retail scene is characterized by boutique shops and vintage stores, creating a unique and eclectic shopping experience. Invest in the heart of creativity, culture, and community, and make your mark in one of Los Angeles' most exciting and evolving neighborhoods.1762 Glendale Blvd is a multifamily property located in the sub-market of Echo Park in city of Los Angeles. Constructed in 1914, the three detached bungalow style units total 1,943 square feet. The buildings are situated on 7,475 square foot lot, zoned LAC2, with parking for (3) cars. This strategically positioned commercially zoned lot offers an incredible opportunity for an investor, developer, or owner/user seeking a prime location in one of the most sought-after neighborhoods in Los Angeles. The property offers multiple strategies to add-value. From remodeling the existing vacant bungalow units with potential to build an ADU and Junior ADU on the lot, to redeveloping the site for multifamily, mixed-use, or affordable housing. A developer has potential to build (18) units on the site by-right, or develop a 100% affordable housing project under Executive Directive 1 (ED-1) with unlimited density.

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Attachments

Highlights

  • Prime Echo Park Location on Glendale Blvd Surrounded by New Construction and Planned Development
  • 3 Vacant Detached Bungalow Style Apartments with the opportunity to add (3) ADU’s (accessory dwelling units)
  • Pro-forma Cap Rate of 8% +/- with budget for unit remodel and ADU construction, Current Cap Rate of 5.04%
  • C2 Zoned Lot buildable to 18 multifamily units By-Right
  • Potential to achieve unlimited density via AB 2345 and expedited entitlement process through Executive Directive 1 (ED-1) if a
  • 100% affordable housing project is
  • Surrounded by retail, restaurants, nightlife, parks, employment centers, and great access to the 1-5, 101, and 10 Freeways
  • Walk Score of 83

Contacts

broker

Tim Steuernol

NAI Capital

Location

Getting Around

  • Walk Score ®

    83/100 Very Walkable
  • Transit Score ®

    49/100 Some Transit
  • Bike Score ®

    34/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Los Angeles, CA
  • Neighborhood Echo Park
  • Zip Code 90026
  • Market Los Angeles

Points of Interest

  • Vermont/Santa Monica South Entrance

    1.87 miles

  • Vermont/Santa Monica North Entrance

    1.88 miles

  • Vermont/Santa Monica

    1.89 miles

  • Vermont/Sunset

    1.99 miles

  • Vermont/Sunset Entrance

    2.00 miles

  • Vermont/Beverly Station

    2.01 miles

  • Chinatown

    2.12 miles

  • Chinatown Station

    2.12 miles

  • Grand Avenue Arts/Bunker Hill

    2.29 miles

  • Westlake/MacArthur Park

    2.32 miles

  • Chevron

    0.39 miles

  • 76

    0.68 miles

  • United Oil

    0.88 miles

  • Shell

    1.27 miles

  • Arco

    1.30 miles

  • Mobil

    1.32 miles

  • Electric Vehicle Charging Station

    4.88 miles

  • Parking electrique

    5.91 miles

  • Tesla Supercharger

    6.71 miles

  • ChargePoint

    7.16 miles

  • Faculty Parking

    0.94 miles

  • Los Angeles Police Academy Parking Lot

    1.06 miles

  • Trader Joe's Surplus Parking

    1.61 miles

  • Los Angeles Bureau of Street Lighting

    1.70 miles

  • CHA Hollywood Presbyterian Medical Center Parking Lot

    1.75 miles

  • LACC Parking Lot 2

    1.77 miles

  • LACC Parking Lot 1

    1.81 miles

  • CHLA - Rodney Parking Structure

    1.85 miles

  • HC Parking

    1.87 miles

  • Braille Institute Parking Lot

    1.90 miles

  • Comfort Inn Los Angeles Near Hollywood

    0.77 miles

  • Olive Motel

    0.79 miles

  • Super 8 by Wyndham Los Angeles Downtown

    1.12 miles

  • Silver Lake Pool & Inn

    1.38 miles

  • Hollywood Inn Express South

    1.49 miles

  • Knights Inn

    1.50 miles

  • Knights Inn Los Angeles

    1.50 miles

  • ROOM AND BOARDING

    1.62 miles

  • Silver Lake Hotel

    1.68 miles

  • Hollywood Hotel

    1.86 miles

  • Jack in the Box

    0.10 miles

  • McDonald's

    0.48 miles

  • Leela Thai

    0.53 miles

  • Botanica Restaurant & Market

    0.55 miles

  • L & E Oyster Bar

    0.56 miles

  • Taix

    0.64 miles

  • Sticky Rice

    0.66 miles

  • Rodeo Mexican Grill

    0.67 miles

  • Triple Beam Pizza

    0.67 miles

  • Brite Spot Diner

    0.68 miles

  • Clifford Street Elementary School

    0.12 miles

  • Saint Teresa of Avila School

    0.31 miles

  • Mayberry Street Elementary School

    0.40 miles

  • Logan Elementary School

    0.55 miles

  • Elysian Heights Elementary School

    0.57 miles

  • Camino Nuevo Charter Academy No. 4

    0.85 miles

  • Micheltorena Elementary School

    0.94 miles

  • Saint Francis of Assisi School

    0.96 miles

  • Queen of Angels School of Nursing

    1.03 miles

  • Los Angeles Police Academy

    1.07 miles

  • Neighborhood Nursery School

    1.17 miles

  • Komitas

    1.83 miles

  • San Antonio de Padua Academy Preschool

    3.28 miles

  • Gates Early Education Center

    3.29 miles

  • Morning Star Education Center

    3.31 miles

  • Vine Street Early Education Center

    3.89 miles

  • HIC Daycare

    4.55 miles

  • Artemisia Nursery

    5.05 miles

  • Disney Day Care

    5.37 miles

  • Ralph M. Parsons Preschool

    5.51 miles

Frequently Asked Questions

How much does Echo Park Bungalows and C2 Land cost?

The space currently listed for sale at Echo Park Bungalows and C2 Land asks for $1,350,000.

What is the total square footage of Echo Park Bungalows and C2 Land?

Echo Park Bungalows and C2 Land totals 1,943 square feet.

When was this property built?

Echo Park Bungalows and C2 Land was built in 1914.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact Listing Broker

broker

Tim Steuernol

NAI Capital