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
6,730 Sq Ft
0.2961 Private Acres Lot Size
investment
Built in 1888
MLS/Listing ID P1-26449
2 Stories
9 Units
Parking - Off Street
Parking - One Space
Parking - Paved
Parking - Shared Driveway
Lot - No Sprinklers
Common Area
Heating - Wall Furnace
Cooling - Wall/window unit(s)
Community - Sidewalks
Gas Range
Refrigerator
TOTAL MONTHLY COST
$0
$0
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