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Listed by Yennis Wong • Berkshire Hathaway Home Servic
$2,060,000
Est. payment /mo
7,511 SqFt
Price Dropped by $440K
1550 El Paso Drive Los Angeles, CA 90065
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Key Details
Property Type Single Family Home
Sub Type Commercial/Residential
Listing Status Active
Purchase Type For Sale
Square Footage 7,511 sqft
Price per Sqft $274
MLS Listing ID P1-26260
Year Built 1959
Lot Size 0.334 Acres
Property Sub-Type Commercial/Residential
Source California Regional Multiple Listing Service (CRMLS)
Property 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 11 units 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.
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.
Location
State CA
County Los Angeles
Area 623 - Glassell Park
Interior
Heating Wall Furnace
Fireplaces Type None
Laundry Community
Exterior
Parking Features Garage - Three Door, On Site, Parking Space
Garage Spaces 3.0
Pool None
Community Features Curbs, Gutters, Sidewalks, Storm Drains, Street Lights
View Y/N No
View None
Building
Lot Description Sprinklers None
Sewer Public Sewer
NEARBY SCHOOL & BUSINESS
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