1506 Glendale Blvd Los Angeles, CA 90026
Development site in Echo Park with mixed-use zoning.
Property Features for 1506 Glendale Blvd
General Information
- Standard status
- Active
Source:
Corcoran
Listing 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
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.25982
- Latitude
- 34.08207
Nearby Similar for Sale
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.