
Los Angeles, California 90065
Analysis of 1550 El Paso Drive, Los Angeles, California 90065 is currently available with a list price of $2,500,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
Built in 1959, this 11-unit mixed-use property is marketed as a development opportunity with aging infrastructure. While functional and income-producing, the building shows signs of deferred maintenance and outdated systems, including window-mounted cooling units and older exterior finishes. The lack of recent major renovations and the emphasis on land value and 'upside' align with a fair condition rating for a property of this vintage.
Situated at the junction of Glassell Park, Eagle Rock, and Highland Park, the property benefits from high visibility and proximity to trendy retail, dining, and major employment hubs.
The expansive 14,540 sqft lot with mixed-use zoning offers a rare opportunity for high-density redevelopment in a rapidly appreciating urban submarket.
With 11 existing units, the property provides immediate cash flow and a solid financial foundation for investors while they navigate the entitlement process.
Constructed in 1959, the building may require substantial capital improvements or deferred maintenance addressing to meet modern standards and maximize rental rates.
Managing a mixed-use asset with 11 units involves higher operational oversight and potential regulatory complexities compared to standard residential investments.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
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| Beds | - | - | 0% |
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| Built year | 1959 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
Mar 14, 2026
$2,500,000
Initial Listing