Los Angeles, CA 90042,616 San Pascual AVE
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Los Angeles, CA 90042,616 San Pascual AVE
Los Angeles, CA 90042,616 San Pascual AVE
Los Angeles, CA 90042,616 San Pascual AVE
Los Angeles, CA 90042,616 San Pascual AVE

$3,270,000

Est. payment /mo

$3,700,000

11.6%
Est.Price: ?

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616 San Pascual AVE Los Angeles, CA 90042

32 Beds

24 Baths

15,008 SqFt

SOLD DATE : 10/30/2024

Key Details

Sold Price $3,270,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 15,008 sqft

Price per Sqft $217

MLS Listing ID 24420683

Sold Date 10/30/24

Bedrooms 32

HOA Y/N No

Year Built 1965

Lot Size 0.344 Acres

Property Description

We are delighted to present a rare investment opportunity: a 16-unit mid-century complex located in one of Los Angeles' hottest neighborhoods Highland Park! Constructed in 1965, this offering consists of two adjacent buildings, each with eight townhome-style units. Each unit features 2 bedrooms and 1.5 bathrooms, with the entire property boasting approximately 15,008 SF of building space on a lot size of about 15,000 SF and on-site laundry facilities. Nestled in a residentially zoned community, the property offers abundant parking, which positions it well for strong market rental rates. For the astute investor, there is significant value-add potential with the possibility of adding up to four ADU units, with an estimated upside potential of approximately 89% (buyer to verify feasibility). The property is zoned RD1.5, with a completed soft-story retrofit and a Certificate of Compliance dated 04/23/2019. Strategically located in the vibrant epicenter of North East LA's Highland Park, tenants will enjoy proximity to the top retail corridors of York Blvd and Figueroa Street and easy access to South Pasadena and Pasadena. Disclosure: Buyers are advised to conduct all necessary due diligence, including verifying building square footage, lot size, legal bedroom/bathroom count, parking count, unit mix, year built, zoning, market rents, soft-story compliance, and the feasibility of constructing ADU(s) or additional units.** DO NOT DISTURB TENANTS OR WALK ON PROPERTY-DRIVE BY ONLY **

Location

State CA

County Los Angeles

Area 632 - Highland Park

Zoning LARD1.5

Rooms

Ensuite Laundry Common Area

Interior

Laundry Location Common Area

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Laundry Common Area

Exterior

Total Parking Spaces 16

Building

Story 3

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 5493035017

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Eric Dilanian • Remax Commercial and Investment Realty
Bought with Eric Dilanian • Remax Commercial and Investment Realty

Julian Park

Broker, Loan Officer | License ID: 02018567

+1(818) 390-3265

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