$1,650,000

1762 Glendale Blvd is a multifamily property located in the sub-market of Echo Park in the city of Los Angeles. Constructed in 1914, the three detached bungalow-style units total 1,943 square feet. The buildings are situated on 7,475 square foot lot, zoned LAC2, with parking for (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 the potential to build an ADU and Junior ADU on the lot, to redeveloping the site for multifamily, mixed-use, or affordable housing. A developer has the potential to build (18) units on the site by-right or develop a 100% affordable housing project under Executive Directive 1 (ED-1) with unlimited density.

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