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Diego Magdaleno

diego@1visionproperties.com +1(714) 376-8652

$2,300,000

Est. payment - /mo

0.3 Acres Lot

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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

MLS Listing ID P1-26449

HOA Y/N No

Year Built 1888

Lot Size 0.296 Acres

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

Zoning LARD2

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplaces Type None

Fireplace No

Appliance Gas Range, Refrigerator

Laundry Common Area

Exterior

Parking Features Off Street, Paved, One Space, Shared Driveway

Pool None

Community Features Sidewalks

View Y/N No

View None

Total Parking Spaces 10

Private Pool No

Building

Lot Description Sprinklers None

Story 2

Entry Level Two

Level or Stories Two

Others

Senior Community No

Tax ID 5493032005

Energy Description 1980.0

Acceptable Financing Conventional

Listing Terms Conventional

Special Listing Condition Trust

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Listed by Ryan Carmichael Taka Realty Inc. (818) 583-7033, DRE #02061389

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524 San Pascual AVE Los Angeles, CA 90042