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    1506 Glendale Blvd Los Angeles, CA 90026

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    For Sale
    $1,200,000

    Development site in Echo Park with mixed-use zoning.

    Property Features for 1506 Glendale Blvd

    General Information

    Standard status
    Active

    Source: KATHERINE BERGH Agent KATHERINE BERGH

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Echo Park Development Opportunity

    Located on a 5300 square foot lot on North Glendale Boulevard in Echo Park, this property presents a development opportunity. The site, situated near the intersection of Scott Avenue and Alvarado and backing onto Liberty Street, is currently improved with an 1153 square foot duplex featuring one-bedroom, one-bathroom units. Offered as land value, the existing structure requires renovation. Zoned C2-IVL for mixed-use, the property allows for a base density of 13 units. The Transit-Oriented Community Incentive (TOC-Tier 2) potentially allows for up to 22 units, with further density possible under the State Density Bonus program for affordable projects. The property is located in an Enterprise Zone, potentially offering special exemptions and favorable tax treatment. Echo Park's dining scene, recreational and cultural amenities, and proximity to major employment centers contribute to its desirability. The area's high occupancy rate and low homeownership rate indicate a strong demand for rental properties, which has boosted asking rents.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.25982
    Latitude
    34.08207

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    FAQs

    What type of property is this?
    Commercial land - Development site in Echo Park with mixed-use zoning.
    Where is this commercial land located?
    The property is located at 1506 Glendale Blvd Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: - Development site with C2-IVL mixed-use zoning on a major thoroughfare in Echo Park.; - Potential for up to 22 units with Transit-Oriented Community (TOC-Tier 2) incentive.; - Base density allows for 13 units.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1506 Glendale Blvd Los Angeles, CA 90026
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