522-524 San Pascual Ave - Apartments FOR SALE


Los Angeles, CA 90042- Highland Park
$2,600,000 USD
818-583-7033
522-524 San Pascual Ave, Los Angeles, CA for Sale
$2,600,000 USD
Apartments - FOR SALE
1/9
null | 3.98% Cap Rate

522-524 San Pascual Ave
Los Angeles, CA 90042
Highland Park


HIGHLIGHTS

  • Unique 9-unit residential income property featuring an 8-unit apartment building plus one detached 3BR/1.75BA house on a single site
  • Approx. 13,000 SF lot with on-site parking, separately metered gas and electric, and on-site laundry
  • Prime Garvanza / Highland Park location near South Pasadena, Pasadena, Downtown Los Angeles, and the 110 Freeway

OVERVIEW

Rare 9-unit residential income property in Garvanza/Highland Park featuring an 8-unit apartment building plus a separate detached 3BR/1.75BA house on one site. The property offers a unique mixed-asset configuration, separately metered gas and electric, on-site laundry, and on-site parking on an approximately 13,000 SF lot. Apartment building built in 1963. House built in 1888. Capital improvements include upgraded electrical panels in all apartment units (2026), copper plumbing (2016), new sewer line for the house (2016), and new cement parking lot (2016). Located in one of Highland Park’s most appealing residential pockets with convenient access to South Pasadena, Pasadena, Downtown Los Angeles, and the 110 Freeway. Strong in-place income with additional upside potential

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$386 USD /SF

# OF UNITS

9

PRICE/UNIT

$288,889

CAP RATE

3.98%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

RD2, Los Angeles

APN/PARCEL ID

5493-032-005

ASK ABOUT THIS PROPERTY

Ryan CarmichaelTaka Realty, Inc.More Info
818-583-7033

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Ryan CarmichaelTaka Realty, Inc.More Info
818-583-7033

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.