8 Unit Apt Bldg + 1 House 522-524 San Pascual Ave 9 Unit Apartment Building $2,600,000 ($288,889/Unit) 3.98% Cap Rate Los Angeles, CA 90042

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.
Historic interest: The detached vintage house is associated with Olive Percival, the artist, writer, gardener, and suffrage advocate whose home—known as “Down-hyl Claim”—was a noted gathering place for artists, writers, and collectors in the Arroyo’s early cultural scene, adding a rare layer of character and historical narrative to the property.
Capital improvements include upgraded electrical panels in all apartment units (2026), copper plumbing (2016), sewer line for the house (2016), and 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