Request More Info
Schedule a Showing
Share
Print
|
Marcus & Millichap is pleased to offer a development site located on a 5300 SF lot at 1506-1508 N Glendale Boulevard in the city of Echo Park. The property sits just near the intersection of Scott Avenue and Alvarado and backs to Liberty Street.The site is currently improved with a 1153 SF duplex consisting of one bedroom/one bathroom units. The property is in need of renovation and is being sold as land value.This is a unique opportunity to acquire a C2-IVL mixed use zoned property on a major and popular thoroughfare in Echo Park. The base density allows for 13 units, however, the property will benefit from the Transit-Oriented Community Incentive (TOC-Tier 2), potentially allowing up to 22 units. Further density may be available under the State Density Bonus program for affordable projects. The property is in an Enterprise zone which allows for special exemptions and favorable tax treatment. The area’s proximity to major employment centers combined with its dining scene, recreational and cultural amenities have made Echo Park an increasingly desirable place to live. The area’s high occupancy rate and the low homeownership rate shows the robust demand for rental properties. This healthy and continuous demand has helped boost asking rents which are expected to continue their upward climb.
Property Type(s):
Lot/Land/Acreage
| Last Updated | 5/12/2025 | Community | Silver Lake - Echo Park |
|---|---|---|---|
| County | Los Angeles |
Additional Details
| AREA | Silver Lake - Echo Park |
|---|---|
| HOA DUES | 0 |
| LOT | 5301 sq ft |
| LOT DESCRIPTION | Irregular Lot, Near Park, Near Public Transit, Value In Land |
| SEWER | Public Sewer |
| UTILITIES | Electricity Connected,Natural Gas Available,Sewer Connected,Water Connected |
| VIEW DESCRIPTION | None |
| ZONING | LAC2 |
Location
Contact us about this Property
| / | |
| We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Carie Webber to contact you even if your name is on a Federal or State "Do not call List". | |
Listed with Katherine Bergh
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2025.
Twitter
Facebook
Email