1762 Glendale Boulevard, Los Angeles CA, 90026
(Active)
$1,650,000
|
1,943 sqft
|
MLS# 23339759
Last Updated: 5/9/2024 6:35 AM
Description for
1762 Glendale Boulevard
Los Angeles, CA 90026
1762 Glendale Blvd is a multifamily property located in the sub-market of Echo Park in the 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 the 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 the 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.
Price
$1,650,000
Los Angeles
1,943 (approx)
23339759
Active
Description
1762 Glendale Blvd is a multifamily property located in the sub-market of Echo Park in the 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 the 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 the 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.
Listing Information
| Property Type: Business Opportunities, Other | ||
| 0.17 Acres | 1,943 (approx) | 1914 |
| Multi-Family | ||
Neighborhood
Room Information
Interior Features
Gated Community
Exterior / Lot Features
3 Parking Spaces,
0 Covered Parking Spaces,
LAC2
Community Features
Gated Community
Driving Directions
Exit off of the 2 to Glendale Blvd and best to park on Branden St.
Financial Considerations
| 5423005002 |
Listing Price History
Los Angeles Real Estate
Los Angeles is located in California. Los Angeles, California 90026 has a population of 3,956,168.
The median household income in Los Angeles, California 90026 is $69,839. The median household income for the surrounding county is $73,262 compared to the national median of $66,222. The median age of people living in Los Angeles 90026 is 38 years.
Data provided below are primarily sourced from Public Records data.
Nearby Recent Sales (Sourced from Public Records)
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Price History
| Date | Event | Price | Source |
|---|---|---|---|
| 4/17/2024 | Active | $1,650,000 USD |
|
Tax History (Sourced from Public Records)
| year | Property Taxes | Change | Tax Assessment | Change |
|---|---|---|---|---|
| 2023 | $14,658 USD | 4.88% | $1,189,884 USD | 2.00% |
| 2022 | $13,976 USD | 1.23% | $1,166,554 USD | 2.00% |
| 2021 | $13,806 USD | -1.00% | $1,143,681 USD | - |
| 2020 | $13,946 USD | 4.13% | $1,143,681 USD | 1.04% |
| 2019 | $13,393 USD | 216.69% | $1,131,955 USD | 2.00% |