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RYAN STEELE

ryan.steele@lptrealty.com +1(818) 900-1859

$ 942,500

Est. payment | -/mo

11 Beds

5.5 Baths

3,720 SqFt

Save

$ 942,500

Est. payment | -/mo

Save

11 Beds

5.5 Baths

3,720 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,720 sqft

Price per Sqft $253

MLS Listing ID 26106086

Bedrooms 11

Year Built 1965

Lot Size 5,467 Sqft

Acres 0.1255

Property Sub-Type Multi-Family

Property Description

We are pleased to present 138 San Pascual Avenue, an exceptional 5-unit mid-century multifamily investment opportunity located in a desirable pocket of Highland Park, one of Northeast Los Angeles' most sought-after rental markets. Originally constructed in 1965, the property features an excellent unit mix of (4) 2-bedroom units and (1) 3-bedroom unit, encompassing approximately 3,720 square feet of living space on a 5,467-square-foot lot zonedRD1.5. The property presents a compelling value-add opportunity for investors seeking to capitalize on significant rental upside in a highly desirable Los Angeles submarket. With existing rents substantially below market levels, the asset offers approximately 153% remaining rental upside, providing considerable potential for long-term income growth and value appreciation. Additionally, the property may offer the opportunity to construct an accessory dwelling unit(ADU), further enhancing its income-generating potential (Buyer to Verify). The building also benefits from several notable capital improvements, including a roof updated in 2023, a completed soft-story seismic retrofit in 2020, and mini-split air conditioning systems installed in select units. Ideally situated just minutes from Highland Park's vibrant York Boulevard and Figueroa Street retail corridors, the property offers convenient access to an abundance of popular restaurants, cafes, boutiques, and neighborhood amenities. Its strategic location also provides excellent connectivity to South Pasadena, Downtown Los Angeles, and surrounding Northeast LA communities. With its desirable unit mix, significant rental upside, completed capital improvements, and prime Highland Park location, 138 San Pascual Avenue presents an outstanding opportunity for investors to acquire a well-positioned multifamily asset with substantial long-term value-addpotential in one of Los Angeles' most desirable rental markets.DISCLOSURE: ** Buyers are advised to conduct independent, thorough due diligence, including but not limited to verification of building square footage, unit count, lot size, legalbedroom/bathroom count, parking count, unit mix, year built, zoning & any Q Conditions, market rents, soft-story compliance, and the feasibility of constructing ADUs, additional units, and/or development feasibly.**DO NOT DISTURB TENANTS OR WALK ON PROPERTY - DRIVE BY ONLY **

Location

State CA

County Los Angeles

Area Highland Park

Zoning LARD1.5

Rooms

Other Rooms None

Interior

Heating Wall, Other

Cooling Other, Wall/Window

Equipment None

Exterior

Parking Features Carport Attached, Other

Garage Spaces 5.0

Building

Level or Stories Two

Others

Special Listing Condition Standard

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Remax Commercial and Investment Realty

Schools and Properties Nearby

138 San Pascual Ave Los Angeles, CA 90042