John E Burge

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1550 El Paso DriveLos Angeles, CA 90065

Multi-Family · 7,511 Sq. ft. | 0.33 Acres
$2,060,000 Active

1550 El Paso Drive Overview

Time on Site:
108 days
Visits:
0

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; (5) 2BD/1BA; (1) 3BD/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.

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1550 El Paso Drive Facts & Features

  • Type Multi-Family
  • Sq. ft. 7,511
  • Price/Sq.ft. $274
  • Lot 0.33 Acres

Details

General

Income/Expenses

  • Electric Expense: 1150.0
  • Fuel Expense: 2900.0
  • Gross Income: 118535.0
  • Gross Scheduled Income: 10200.0
  • Insurance Expense: 3900.0
  • Net Operating Income: 4289.0
  • Operating Expense: 5588.0
  • Trash Expense: 7337.0
  • Water Sewer Expense: 16300.0

Building Information

  • Year Built: 1959

Location/Region

  • Country: US
  • County Or Parish: Los Angeles
  • MLS Area Major: 623 - Glassel Park
  • Postal City: LOS ANGELES
  • Subdivision Name: Not Applicable

Community/Development

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

Rent/Lease Information

  • Land Lease: No

General Information

  • Listing Terms: Cash,Cash to New Loan,Conventional
  • Parcel Number: 5474022021
  • Property Sub Type: Mixed Use
  • Property Type: Residential Income
  • Rent Control: Yes
  • Senior Community: No
  • Special Listing Conditions: Trust

Interior

Parking Information

  • Garage Spaces: 3.0
  • Garage: Yes

Beds/Baths

  • Bathrooms Total: 0

Building Interior

  • Building Area Total: 7511.0

General Information

  • Common Walls: No Common Walls
  • Fireplace Features: None
  • Fireplace: No
  • Laundry Features: Common Area
  • Levels: Two
  • Spa Features: None
  • Spa: No
  • Stories: 2
  • Stories Total: 2

Exterior

Parking Information

  • Parking Features: Door-Multi,Garage,On Site,One Space
  • Parking Total: 22.0

Lot Information

  • Additional Parcels: No
  • Lot Features: Sprinklers None
  • Lot Size Acres: 0.3338
  • Lot Size Area: 14540.0
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 14540.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Water Source: Public

Waterfront/View

    Building Exterior/Construction

    • Property Attached: No

    General Information

    • Fencing: Masonry
    • Number Of Units Total: 10
    • Pool Features: None
    • Pool Private: No
    • Sewer: Public Sewer

    1550 El Paso Drive Neighborhood

    Community

    90065 (LOS ANGELES) Demographics

    37
    Median Age
    8,975
    Population Density (per sq. mile)
    44%
    College Educated
    $76,080
    Estimated Median Income
    7,557
    Estimated Total Home Owners
    8,687
    Estimated Total Renters
    47% / 53%
    Estimated Owner / Renter Divide
    3
    Estimated Average Household Size
    Community data courtesy of LiveBy, Inc.

    Schools

    School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

    1550 El Paso Drive Monthly Cost

    $
    $ %
    %
    $
    $
    * All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

    1550 El Paso Drive Market Data

    Based on the last 30 days in this zip code

    $1,213,430
    Average List Price
    $734
    Average Price per Square Foot
    27
    Properties Sold
    73
    Average Days on Market
    347
    Properties for Sale
    Calculations provided by Reliance Network

    1550 El Paso Drive History

    Date Event Value Agent
    5/9/2026Source: CRMLS Price Reduction
    $2,060,000 -17.6%
    3/13/2026Source: CRMLS Added to Database
    March 13, 2026
    Listing provided courtesy of Berkshire Hathaway Home ServicYennis Wong- MLS# P1-26260MLS ProviderContact Information: [email protected] - (626) 440-5100
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