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Listed by Ryan Carmichael • Taka Realty Inc.
$ 2,300,000
Est. payment /mo
Price Dropped by $300K
522-524 San Pascual Avenue Los Angeles, CA 90042
6,730 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 6,730 sqft
Price per Sqft $341
MLS Listing ID P1-26449
Year Built 1888
Lot Size 0.296 Acres
Source California Regional Multiple Listing Service (CRMLS)
Property Description
DUAL ASSET property in Garvanza/Highland Park -- 8-unit apartment building (built 1963) + detached 3BR/1.75BA Tudor home (built 1888) on one ~13,000sqft parcel. NOT a traditional 9-unit offering -- the two assets are valued separately (building on multifamily cap rates, house on Garvanza residential comps). OWNER-OCCUPANT PLAY: Live in a proper detached home, not a converted apartment, while 8 apartments generate rental income. Building 100% occupied with meaningful market rent upside. HISTORIC: The detached Tudor is the Olive Percival 'Down-hyl Claim' house -- documented in Highland Park's early artistic community • MAJOR CAPEX COMPLETED: electrical panels (2026), copper plumbing (2016), new sewer line (2016), new cement parking lot (2016). Separately metered gas/electric, on-site laundry, 10 on-site parking spaces. Prime Garvanza/Highland Park location -- near South Pasadena, Pasadena, Downtown LA, and the 110 Freeway. Subject to LA Rent Stabilization Ordinance
Location
State CA
County Los Angeles
Area Gvza - Garvanza (L)
Zoning LARD2
Interior
Heating Wall Furnace
Fireplaces Type None
Laundry Common Area
Exterior
Parking Features Off Street, Parking Space, Paved, Shared Driveway
Pool None
Community Features Sidewalks
View Y/N No
View None
Building
Lot Description Sprinklers None
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