San Pascual Ave, Los Angeles, Home For Sale

house for sale

Listed: 08/01/24

616 San Pascual Ave, Los Angeles, California, 90042

32 Bed:

24 Bath:

15,008 Sq Ft Living Area:

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Price

$ 4M

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About This House

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 approximately15, 008 SFof building space on a lot size of about15, 000 SFand on-site laundry facilities. Nestled in a residentially zoned community, the property offers abundant parking, which positions it well for strong market rental rates. 2 Units DeliveredVACANTand Potentially a 3rd!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 116% (buyer … Full description

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Houses for sale in Los Angeles

Original listing

Los Angeles Housing & Living

Average sale prices for houses

1 bed

2 bed

3 bed

4+ bed

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Month	Median Price
Aug 2024	$837,581 (-20.3%)
Jul 2024	$1,051,454 (+12.7%)
Jun 2024	$932,981 (-41.3%)
May 2024	$1,590,389 (+13.1%)
Apr 2024	$1,406,480 (0%)
Mar 2024	$1,406,480 (0%)

In August 2024, the asking price for 1 bed houses for sale in/near Los Angeles, United States averaged $837,581, a decrease of 20.3% from the previous month.

Median price trends for properties for sale in Los Angeles, United States as of August 2024.

Household Income

Median household income: $62,474

Number of households: 1,4M

The average household income in Los Angeles, CA grew from $60,197 to $62,474 in the past year. This data is an estimate based upon 1,4M households in Los Angeles, CA.
The chart below presents how household income is distributed in Los Angeles, CA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Los Angeles, CA compared to median property taxes around the country. The prevalent amount of property taxes in Los Angeles, CA equals $3k+ , which is more than the national average.