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1550 El Paso Dr
Los Angeles, CA 90065
1550 El Paso Dr. 900665 · Multifamily Property For Sale · 10 Units

Investment Highlights

  • Prime Location
  • Northeast LA Neighborhood

Executive Summary

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.

Property Facts

Price Per Unit $288,344 CAD
Sale Type Investment
Cap Rate 3.08%
Sale Condition Redevelopment Project
Gross Rent Multiplier 22.66
No. Units 10
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
Apartment Style Low-Rise
Building Class C
Lot Size 0.33 AC
Building Size 10,294 SF
Average Occupancy 100%
No. Stories 2
Year Built 1959
Parking Ratio 1.3/1,000 SF
Zoning LAC2 - General commercial

Amenities

Site Amenities

  • Laundry Facilities

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 5 - -
2+1 5 - -

Property Taxes

Property Taxes

Parcel Number
5474-022-021
Land Assessment
$590,027 CAD
Improvements Assessment
$471,835 CAD
Total Assessment
$1,061,862 CAD
  • Listing ID: 39937315

  • Date on Market: 2026-03-27

  • Last Updated:

  • Address: 1550 El Paso Dr, Los Angeles, CA 90065

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