28
See all 28 photos
$3,270,000
$3,700,000 11.6%
Est. payment /mo
32 BD
24 BA
15,008 SqFt
Sold on 10/30/2024
616 San Pascual AVE Los Angeles, CA 90042
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UPDATED:
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
Bedrooms 32
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)
Laundry Common Area
Building
Story 3
New Construction No
Others
Special Listing Condition Standard
Listed by Eric Dilanian • Remax Commercial and Investment Realty
Bought with Eric Dilanian • Remax Commercial and Investment Realty
Bought with Eric Dilanian • Remax Commercial and Investment Realty
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