Echo Park Paved Parking
1529 Cortez St Los Angeles, CA
1529 Cortez St, Los Angeles, CA, 00000
Contact for pricing
For Sale
Contact for pricing
Paved parking lot located in Echo Park along Glendale Blvd.
Property Size4,766 SF
Lot Size0.11 Acres
Price / SF$157.36
Days on Market422
Property Features for 1529 Cortez St
General Information
- Standard status
- Active
- Size
- 4,766 SF
- Lot size
- 0.11 Acres
- Property subtype
- LAND
Listing agency
Lee & Associates
(626) 786-7430
Listed by
Evan Jurgensen · License #01967347
(626) 786-7430
Source
Moodyscre
Added: May 28, 2025 Updated: Jul 10 at 11:36AM Checked: Jul 22 at 4:13AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates
Investment Insights
Based on property information with market context.
This property is a paved parking lot located in Echo Park along Glendale Blvd. The property size is 4,766 square feet.
Key Highlights
- Paved parking lot
- Located in Echo Park
- On Glendale Blvd
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $90.4k | $18.96 |
| − Vacancy | −$5.8k | −$1.21 |
| EGI | $84.6k | $17.75 |
| − OpEx | −$25.4k | −$5.32 |
| NOI | $59.2k | $12.42 |
4,766 SF · lease $18.96/SF/yr · vacancy 6.40% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.58M
$1.38M – $1.84M
NOI $110,605 @ 7.0% cap · market cap 14.75%
Second Best
Industrial
$845.8K
$740.1K – $986.8K
NOI $59,206 @ 7.0% cap · market cap 7.89%
Theoretical Best
Multifamily LT 5
$96.56M
$84.49M – $112.65M
NOI $6,758,941 @ 7.0% cap · market cap 901.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Parking lots & garages
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FAQs
What type of property is this?
Parking lot & garage - Paved parking lot located in Echo Park along Glendale Blvd.
Where is this parking lot & garage located?
The property is located at 1529 Cortez St Los Angeles, CA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Paved parking lot; Located in Echo Park; On Glendale Blvd
