846 San Pascual Avenue, Los Angeles, California 90042, Los Angeles, 90042 - 0 bed, 0 bath
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Los Angeles, California 90042
This Highland Park Triplex represents a High-Potential Investment Opportunity listed at $1,048,000, aligning with its $1,048,000 Fair Market Value. While priced at market, the asset's primary upside is the Approved Permits for 2 ADUs, enabling a transition to a high-density 5-unit portfolio. Currently holding a Condition Rating of 4, the 1977-built structure requires modernization but offers immediate cash flow and Tenant-Friendly Amenities like assigned parking and indoor laundry. This is a strategic acquisition for Buy-and-Hold Investors or Value-Add Developers targeting long-term appreciation in a premier Los Angeles rental submarket.
Property is moderate renovation needed.
Built in 1977, this property is 47 years old. The exterior images show an aged appearance with worn concrete and older-style windows. While no interior images are provided, the property's age and the listing's 'weakness' analysis suggest that major systems and interior finishes, including kitchens and bathrooms, are likely original or have only received minor, dated updates. It requires significant modernization to meet current standards, but is currently functional as an income property.
The property is a triplex with approved permits to build two additional 1-bedroom, 1-bath ADUs, offering significant current rental income and substantial future value appreciation through increased density and rental capacity.
Situated in Highland Park, a highly desirable and appreciating neighborhood in Los Angeles, ensuring strong tenant demand, robust rental rates, and long-term property value growth.
Each unit benefits from an assigned parking space, a premium amenity in Los Angeles, and indoor laundry facilities, enhancing tenant convenience and property marketability.
Built in 1977, the property is over 45 years old, suggesting that major systems (e.g., plumbing, electrical) and interior finishes may be original or dated, potentially requiring future capital expenditures for modernization.
While ADU permits are approved, the actual construction of these units and potential renovations to existing units will necessitate substantial additional capital outlay and project management from the buyer.
The current list price is notably higher than its last sale in June 2023, requiring potential buyers to carefully evaluate the value added by the ADU permits and market appreciation to justify the investment.
Amazing Opportunity to add to your real estate portfolio. Highland Park Triplex with Approve Permits to build 2 ADUs at 1 Bedroom - 1 Bath Each. Front Unit consists of 4 bedrooms + 2 baths with a private patio. Back unit is a 1 bedroom, 1 bath. Top unit is 1 bedroom, 1 bath. Each unit has a parking assigned space. All units have indoor Laundry.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,554 | 1,800 | 78% |
| Lot Size | 5,973 | 5,973 | 50% |
| Price | $1.05M | $925.0K | 78% |
| Price per sq ft | $410 | $508 | 44% |
| Built year | 1977 | 1923 | 89% |
| HOA | $0 | $0 | 50% |
| Days on market | 79 | 152 | 22% |
Feb 2, 2026
$1,048,000
Initial Listing
Jun 2, 2023
$975,000
Public Record