1550 El Paso Drive,Los Angeles, CA 90065
Los Angeles, CA 90065
Description
Tremendous development opportunity offering current income-producing units. Ideal location in the heart of Northeast Los Angles at the junction of Glassell Park, Eagle Rock, and Highland Park, 1550 El Paso Drive presents a compelling mixed-use asset ideal for the savvy investor. On a large 14,000sqft plus lot, the property features 10 Units with a Mix of (4) 1BD/1BA; (6) 2BD/1BA; on a mixed-use-zoned lot with strong street visibility along one of Northeast Los Angeles' most prominent commercial corridors, surrounded by some of the city's hottest new shopping, dining, and neighborhood destinations.Located just minutes from neighborhood anchors such as Occidental College, the property sits within the vibrant Northeast Los Angeles submarket encompassing Eagle Rock, Highland Park, and Glassell Park. Together, these communities represent a combined population of over 110,000 residents with rising median household incomes, a highly educated workforce, and a strong concentration of young professionals, creatives, and long-term homeowners. The area is known for its thriving retail and dining scenes along Colorado Boulevard, York Boulevard, and Figueroa Street, as well as its proximity to major employment centers in Downtown Los Angeles, Pasadena, and Glendale.With strong neighborhood demographics, walkable lifestyle amenities, and continued growth across Northeast LA, 1550 El Paso Drive offers a rare opportunity to acquire a well-located mixed-use property with stable in-place income and long-term upside in one of Los Angeles' most sought-after urban neighborhoods.
Details
| MLS # | P1-28667 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Year | 1959 |
| Days On Site | 57 |
| Listing Provided By | BHHS California Properties | Yennis Wong |
Features
| SQ Feet | 7,511 |
|---|---|
| Garage | 3 |
| Story(s) | 2 |
| Units | 10 |
| Building(s) | 3 |
| Acreage | 0.33 |
| Property View | None |
Interior
| Cooling | Wall Window Units |
|---|---|
| Heating | Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Fireplace Yes / No | No |
Exterior
| Lot Features | Sprinklers None |
|---|---|
| Fencing | Masonry |
Parking
| Parking Features | Door Multi, Garage, On Site, One Space |
|---|---|
| Garage Yes / No | Yes |
Utilities
| Sewer | Public Sewer |
|---|
Location
| Community Features | Curbs, Gutters, Storm Drains, Street Lights, Sidewalks |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90065 |
| Area | 623 Glassel Park |
| Community Name | Not Applicable |
| Listing VS Median (in Not Applicable) | |
Price: $1,495,000 low | high Med: $12,450 sqft: 7,511 low | high Med: 3,483 $ / sqft: $199 low | high Med: $4 On site: 57 low | high Med: 73 | |
Market Activity 90065
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90065 |
| Area | 623 Glassel Park |
| Community Name | Not Applicable |
| Listing VS Median (in Not Applicable) | |
Price: $1,495,000 low | high Med: $12,450 sqft: 7,511 low | high Med: 3,483 $ / sqft: $199 low | high Med: $4 On site: 57 low | high Med: 73 | |