1762 Glendale Blvd

Property feature image
Address: 1762 Glendale Blvd, Los Angeles, California, US
Created date: December 1, 2023
Date last updated: December 1, 2023
  • Prime Echo Park Location on Glendale Blvd Surrounded by New Construction and Planned Development
  • 3 Vacant Detached Bungalow Style Apartments with the opportunity to add ADU’s (accessory dwelling units)
  • C2 Zoned Lot buildable to 19 multifamily units By-Right
  • Surrounded by retail, restaurants, nightlife, parks, employment centers, and great access to the 1-5, 101, and 10 Freeways
  • Potential to achieve unlimited density via AB 2345 and expedited entitlement process through Executive Directive 1 (ED-1) if a 100% affordable housing project is pursued
  • Walk Score of 83

Property Description

Echo Park is a vibrant and electric community, in the heart of Los Angeles. This dynamic neighborhood blends historic charm with a trendy, artistic atmosphere, making it a prime location multifamily investment and development.

Echo Park is strategically positioned just northwest of downtown Los Angeles, providing convenient access to major highways and public transportation. Its central location makes it an ideal hub for businesses seeking connectivity within the city.

Known for its artistic spirit, Echo Park boasts a rich cultural scene. The neighborhood is home to numerous art galleries, theaters, restaurants, bars, music venues, and creative spaces.

With its iconic Echo Park Lake at the center, the neighborhood offers a serene escape amidst the urban hustle. The lake serves as a recreational hotspot, attracting residents and visitors alike for paddle boating, picnics, and leisurely strolls. The nearby Elysian Park provides additional green spaces for outdoor activities.

Echo Park is a culinary haven, featuring a diverse array of restaurants, cafes, and food trucks. From trendy eateries to coffee shops, the neighborhood caters to a wide range of tastes. Additionally, the retail scene is characterized by boutique shops and vintage stores, creating a unique and eclectic shopping experience.

Invest in the heart of creativity, culture, and community, and make your mark in one of Los Angeles’ most exciting and evolving neighborhoods.

Key Property Information

Listing Status: Available
Listing Type: Highest & best offer
Multifamily type: Apartments
Price: $1,749,998
No. of Units: 5
Cap Rate: 6.22%
GRM /GIM: 11.87
Year Built: 2023
Opportunity Zone: No
Price per unit: $350,000
Address: 1762 Glendale Blvd, Los Angeles, California, US

Similar Properties in the Area

2700 32nd Street

Sacramento , California
California & West + Apartments
Units: 8
Price: $1,629,000

765 Rand Ave

Oakland , California
California & West + Apartments
Units: 29
Price: $9,950,000

437 N. Chester Avenue

Pasadena , California
California & West + Apartments
Units: 17
Price: $5,200,000
New call-to-action
popup background image