3550 The Paseo
Los Angeles, CA, 90065
$1,200,000
MLS: V1-30466
Beds
4
Baths
3
Sq Ft
2,084
Lot
0.18 ac
Year Built
1923
MLS #
V1-30466
Days on Market
118
Listed
Jun 19, 2025
Description
Nestled in the heart of Glassell Park, 3550 The Paseo offers a rare opportunity to own a unique multi-dwelling property with major upside potential. The main home features 2 bedrooms and 1 bath across 984 sq ft of vintage charm. Thoughtful additions have expanded the total living area to over 2,000 sq ft (currently in the permitting process), now offering three separate dwellings and a potential fourth space. The second unit includes 1 bedroom and 1 bath, while the third and fourth are stylish loft spaces with baths--one with a kitchen, one without. Two units are tenant-occupied, and one is owner-occupied, providing immediate rental income. Situated on a spacious 7,715 sq ft lot, there's plenty of land to expand or reimagine outdoor living. Whether you're looking to live in one and rent the others, create a creative compound, or invest in future cash flow, this flexible property offers multiple configurations in a sought-after LA neighborhood. Permit has been submitted for the additions. Buyer to verify all information and permitting with the city. Don't miss this incredible investment or live/work opportunity in one of Northeast LA's most desirable communities!
Location
Los Angeles, Los Angeles County, CA 90065
Open on Google Maps ↗Listed by: Priscilla Taylor · eXp Realty of California
Payment estimate
$8,636
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $120,000 · Loan: $1,080,000
- Principal & Interest
- $6,636
- Property tax (1.25%)
- $1,250
- Homeowners insurance
- $300
- Mortgage insurance
- $450
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Los Angeles home with as little as 3.5% down using an FHA loan — roughly $42,000 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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