846 San Pascual, 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 Strong Value Opportunity, listed at $998,000—positioned well below the $1,077,167 Fair Market Value by 7%. This valuation gap offers $79,167 in Instant Equity. With a Fair Condition Rating, the property features a versatile unit mix and approved permits for two ADUs, providing significant upside for forced appreciation. This is a high-potential Residential Income asset ideal for Buy-and-Hold Investors or Value-Add Developers seeking to maximize rental yields in a prime Los Angeles market.
Property is moderate renovation needed.
Built in 1977, this 49-year-old triplex falls into the 'Fair' category as it is significantly dated (>20 years) with no mention of recent renovations to kitchens, bathrooms, or major systems. The exterior shows signs of age and deferred maintenance, suggesting the units likely require cosmetic updates and minor repairs to reach modern standards.
The property includes approved permits to build two additional 1-bedroom, 1-bath ADUs, providing a clear path to significantly increase rental income and overall asset value.
The rare inclusion of a large 4-bedroom front unit combined with two 1-bedroom units and indoor laundry in every residence appeals to a diverse tenant base and maximizes marketability.
Situated in one of Los Angeles' most sought-after rental markets, the property benefits from high demand, strong historical appreciation, and proximity to trendy local amenities.
While permits are approved, the buyer must secure significant additional capital and manage construction logistics to realize the value-add potential of the ADUs.
With only one assigned parking space per unit currently, the addition of two more residential units may lead to parking congestion and impact future tenant satisfaction.
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 | 1.5 | 50% |
| Baths | 0.0 | 1.0 | 50% |
| Square foot | 2,554 | 1,784 | 80% |
| Lot Size | 5,973 | 4,913.5 | 70% |
| Price | $998.0K | $957.5K | 70% |
| Price per sq ft | $391 | $552 | 30% |
| Built year | 1977 | 1922 | 90% |
| HOA | $0 | $0 | 50% |
| Days on market | 29 | 143 | 10% |
May 8, 2026
$998,000
Initial Listing
Jun 2, 2023
$975,000
Public Record