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31333088
31333089

522-524 San Pascual Avenue, Los Angeles, CA 90042

RC
CA 02088932
$2,300,000
89 days on market
Updated 32 days ago

522 San Pascual Avenue

Details
APN 5493032005
Property Type Multifamily
Sub Type Apartment Building
Units 9
Buildings 2
Acreage 0.296
Zoning Public Rec

Multifamily | 9 Units

Marketing 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
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RC
CA 02088932

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Additional Information

Name
Ryan Carmichael
License
02088932
Brokerage
Taka Realty
Brokerage Phone
626-838-1200
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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