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Ernie Caponera

ernie@newport-properties.com +1(714) 606-0926

$1,800,000

Est. payment - /mo

0.33 Acres Lot

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Key Details

Property Type Single Family Home, Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID P1-26260

HOA Y/N No

Year Built 1959

Lot Size 0.334 Acres

Property Sub-Type Mixed Use

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 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.

Location

State CA

County Los Angeles

Area 623 - Glassel Park

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplaces Type None

Fireplace No

Laundry Common Area

Exterior

Parking Features Door-Multi, Garage, On Site, One Space

Garage Spaces 3.0

Garage Description 3.0

Fence Masonry

Pool None

Community Features Curbs, Gutter(s), Storm Drain(s), Street Lights, Sidewalks

View Y/N No

View None

Total Parking Spaces 22

Private Pool No

Building

Lot Description Sprinklers None

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

Others

Senior Community No

Tax ID 5474022021

Energy Description 2900.0

Acceptable Financing Cash, Cash to New Loan, Conventional

Listing Terms Cash, Cash to New Loan, Conventional

Special Listing Condition Trust

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Listed by Yennis Wong BHHS California Properties #01344042

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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(714) 606-0926

ernie@newport-properties.com

2747 E COAST HWY Unit 200, CORONA DEL MAR, California, 92625, USA

1550 El Paso DR Los Angeles, CA 90065

Ernie Caponera

Key Details

Location

Interior

Exterior

Building

Others

Nearby Locations

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1550 El Paso DR