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1550 El Paso Drive, Los Angeles, CA 90065
Priced at Only: $2,500,000
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Address: 1550 El Paso Drive, Los Angeles, CA 90065
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  • MLS#: P1-26260 ( Commercial/Residential )
  • Street Address: 1550 El Paso Drive
  • Viewed: 11
  • Price: $2,500,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1959
  • Bldg sqft: 0
  • Days On Market: 40
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90065
  • Subdivision: Not Applicable
  • Provided by: Berkshire Hathaway Home Servic
  • Contact: Yennis Yennis
  • California Regional MLS IDX
  • DMCA Notice
  • 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.
Features
Appliances
  1. None
Assessments
  1. None
Association Fee
  1. 0.00
Building Area Total
  1. 7511.00
Common Walls
  1. No Common Walls
Cooling
  1. Wall/Window Unit(s)
Country
  1. US
Days On Market
  1. 37
Electric Expense
  1. 1150.00
Fencing
  1. Masonry
Fireplace Features
  1. None
Fuel Expense
  1. 2900.00
Garage Spaces
  1. 3.00
Heating
  1. Wall Furnace
Insurance Expense
  1. 3900.00
Laundry Features
  1. Community
Levels
  1. Two
Lockboxtype
  1. None
Lot Features
  1. Sprinklers None
Netoperatingincome
  1. 4289.00
Parcel Number
  1. 5474022021
Parking Features
  1. On Site
  2. Garage - Three Door
  3. Parking Space
Pool Features
  1. None
Property Type
  1. Commercial/Residential
Sewer
  1. Public Sewer
Sourcesystemid
  1. 2026031400583157169700...
Sourcesystemkey
  1. 20260314005831571697000000:CRF
Spa Features
  1. None
Subdivision Name Other
  1. Not Applicable
Totalexpenses
  1. 70976.00
Trash Expense
  1. 7337.00
View
  1. None
Views
  1. 11
Water Sewer Expense
  1. 16300.00
Water Source
  1. Public
Year Built
  1. 1959
Year Built Source
  1. Assessor
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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