1506 Glendale Blvd Los Angeles, CA 90026
Echo Park NeighborhoodEstimated payment $7,147/month
Highlights
- Property is near a park
- Park
- Bike Trail
- No HOA
About This Lot
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.
Listing Agent
Katherine Bergh Brokerage Phone: 818-212-2747 License #00801526 Listed on: 05/12/2025
Property Details
Property Type
- Land
Est. Annual Taxes
- $6,081
Lot Details
- 5,301 Sq Ft Lot
- Property fronts an alley
- Irregular Lot
- Value in Land
- Property is zoned LAC2
Location
- Property is near a park
- Property is near public transit
- Urban Location
Listing and Financial Details
- Tax Lot 39
- Tax Tract Number 2
- Assessor Parcel Number 5419018014
- $312 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
Recreation
- Park
- Bike Trail
- Exterior Lighting
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $6,081 | $480,880 | $336,618 | $144,262 |
| 2023 | $5,966 | $471,452 | $330,018 | $141,434 |
| 2022 | $5,693 | $462,209 | $323,548 | $138,661 |
| 2021 | $5,623 | $453,147 | $317,204 | $135,943 |
| 2019 | $5,458 | $439,709 | $307,797 | $131,912 |
| 2018 | $5,362 | $431,088 | $301,762 | $129,326 |
| 2016 | $5,124 | $414,351 | $290,046 | $124,305 |
| 2015 | $5,050 | $408,128 | $285,690 | $122,438 |
| 2014 | $5,077 | $400,134 | $280,094 | $120,040 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/24/2025 06/24/25 | For Sale | $1,200,000 | -- | $1,038 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | Arista National Title Co | |
| Interfamily Deed Transfer | -- | Arista National Title | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $230,000 | Fidelity Natl Title Ins Co | |
| Trustee Deed | $427,500 | None Available | |
| Interfamily Deed Transfer | -- | United Title Company | |
| Grant Deed | -- | -- | |
| Grant Deed | $389,000 | Fidelity National Title | |
| Gift Deed | -- | -- | |
| Gift Deed | -- | -- | |
| Gift Deed | -- | Investors Title Company | |
| Grant Deed | $113,000 | Universal Title Co | |
| Trustee Deed | $46,181 | American Title Ins Co |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $381,500 | New Conventional | |
| Closed | $311,500 | New Conventional | |
| Previous Owner | $472,000 | New Conventional | |
| Previous Owner | $59,000 | Stand Alone Second | |
| Previous Owner | $450,500 | Fannie Mae Freddie Mac | |
| Previous Owner | $350,100 | Purchase Money Mortgage | |
| Previous Owner | $116,000 | No Value Available | |
| Previous Owner | $116,000 | No Value Available | |
| Closed | $19,450 | No Value Available |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR25105349
APN: 5419-018-014
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Based on information from California Regional Multiple Listing Service, Inc. 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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