3 VACANT DETACHED BUNGALOW UNITS: 1762 Glendale Blvd is a multifamily property located in the sub-market of Echo Parkin city of Los Angeles. Constructed in 1914, the three vacant detached bungalow style units total 1,943 square feet. The buildings are situated on 7,475 square foot lot, zoned LAC2,with parking for… Read More (2-3) 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. Read Less
Listing Snapshot
Days Online
57
Last Updated
Property Type
Other
Beds
3
Square Ft.
1,943
Lot Size
0.17 Acres
Year Built
1914
MLS Number
25511137
30 Days Snapshot Of 90026
$1.83M
+24%
(avg) sold price
18
+38%
homes sold
57
-13%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1914, Building area total: 1,943, Levels: One, Living area: 1943, 1 story, 1 building, Architectural style: Bungalow, Common walls: NoCommonWalls
Community
Gated
Cooling
None
Floors
Laminate, Tile
Heating
WallFurnace
Income
Gross income: $101,400, Net operating income: $70,448
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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