Garvanza Dual-Asset: 8 Units + Tudor Home 522-524 San Pascual Ave 9 Unit Apartment Building $3,530,800 CAD ($392,311 CAD/Unit) 3.98% Cap Rate Los Angeles, CA 90042

Dual-asset investment property in Garvanza/Highland Park combining a well-maintained 8-unit apartment building (built 1963) with a detached historic Tudor residence (built 1888) on a single ~13,000 SF parcel. This is NOT a traditional 9-unit offering — the two assets are valued separately: the apartment building on multifamily cap rates, the detached Tudor on Garvanza residential comps. Per-unit price and blended cap rate auto-calculated from $2.6M ÷ 9 units misrepresent the economics by treating the Tudor home as the 9th apartment.
--The 8-unit apartment building (all 1BR/1BA) is 100% occupied with stable long-term tenancy and meaningful market rent upside as units turn. All major capital improvements are complete: upgraded electrical panels in all apartment units (2026), copper plumbing (2016), sewer line for the house (2016), and new cement parking lot (2016). Separately metered for gas and electric, on-site laundry, 10 on-site parking spaces.
--The detached house (3BR/1.75BA) is historically associated with Olive Percival — the artist, writer, gardener, and women's suffrage advocate whose home, known as "Down-hyl Claim", was a noted gathering place for artists, writers, and bibliophiles in early twentieth-century Los Angeles. This configuration also supports a rare owner-occupant play: live in a proper detached home, not a converted apartment, while the 8-unit building generates rental income.
--Located in one of Highland Park's most established residential pockets with convenient access to South Pasadena, Pasadena, Downtown Los Angeles, and the 110 Freeway. Subject to LA Rent Stabilization Ordinance. See offering memorandum for full dual-asset valuation and financial details.