1762 Glendale Blvd - Apartments FOR SALE


Los Angeles, CA 90026- Echo Park
$1,150,000 USD
310-406-9110
1762 Glendale Blvd, Los Angeles, CA for Sale
$1,150,000 USD
Apartments - FOR SALE
1/8
null | 6.13% Cap Rate

1762 Glendale Blvd
Los Angeles, CA 90026
Echo Park


HIGHLIGHTS

  • MAJOR PRICE REDUCTION | MOTIVATED SELLER | BRING ALL OFFERS
  • ADU & Redevelopment Potential - C2 Lot
  • Echo Park Location Surrounded by Amenities
  • 3 Vacant Detached Bungalows

OVERVIEW

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 (2) detached 1,200 +/- square foot ADU’s and (1) potential basement conversion to an ADU, to redeveloping the site for multifamily, mixed-use, or affordable housing. A developer has potential to build (19) units on the site by-right or develop a 100% affordable housing project under Executive Directive 1 (ED-1) with unlimited density.

FOR SALE DETAILS

PRICE

$1,150,000 USD

PRICE/SF

$592 USD /SF

# OF UNITS

3

PRICE/UNIT

$383,333

CAP RATE

6.13%

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1914

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,606 SF

ZONING

LAC2

APN/PARCEL ID

5423-005-002

ASK ABOUT THIS PROPERTY

Tim SteuernolNAI CapitalMore Info
310-406-9110

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Tim SteuernolNAI CapitalMore Info
310-406-9110

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.