Active

1609 Raymond Hill Road

South Pasadena CA, 91030

$2,650,000


$705.54 per sqft

Active

3,756 sqft

Multi-family

Built in 1946

Listed by Rosey Bell with Coldwell Banker Realty (626) 675-5185

1609 Raymond Hill Road offers an exceptional investment opportunity in prestigious South Pasadena. Rarely available, fully occupied rental income property with space to add additional dwellings via ADU laws. Current monthly rents are $11,540/month, $138,408/Year. Built in 1946 on the grounds of the Raymond Hotel, this 4 unit property consists of four, 2 bedroom, 1 bath apartments of approximately 950 square feet each. Built in an era of good quality apartment homes, the property was fully updated in 2004 with new roofs, central HVAC units for each of the four apartments, new plumbing and updates to the interiors. Bathrooms feature subway tile. All kitchens updated with granite countertops, stainless steel appliances. Bathrooms feature subway tile. Central entrance for all four apartments with two located on the main level and two upstairs The property attracts long term tenants who value amenities like in-home stackable laundry, fireplaces, hardwood floors, window nooks with seating, and very functional floorplans that are light and bright along with easy parking. Detached 4 car garage provides one space per tenant in addition, there are 4 more uncovered parking spaces on site. Triangular shaped parcel creates multiple yard spaces with large trees, sitting areas and room for tenants to host BBQ's. South Pasadena is well known for excellent schools, sense of community and great access to job centers in the region. This property abounds with quality and character while offering a savvy investor the opportunity to add value in a top quality rental market. One of the sellers is a licensed realtor.

P1-19233

MLS ID

September 12, 2024

Listed

October 17, 2024

Updated

Map

1609 Raymond Hill Road
South Pasadena CA, 91030

Interior Features

Total Stories

2


Interior Features

Crown Molding, Granite Counters


Appliances

Dishwasher, Free-Standing Range, Gas Range, Gas Water Heater, Microwave


Laundry Description

Washer Hookup, Inside, Stacked


Floor Description

Tile, Wood


Fireplace

Yes


Fireplace Description

Gas, Living Room


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Central

Exterior/Building Features

Lot Size

0.29 Acres


Exterior Features

Lighting, Rain Gutters


Lot Features

Back Yard, Front Yard, Sprinklers Timer, Sprinkler System


Architectual Style

Colonial


Roof

Composition


Sewer

Sewer Tap Paid

Other Property Details

Area Name

658 - So. Pasadena


Days on Market

11


Garage

Yes


Garage Spaces

4


Parking

Assigned, Asphalt, Driveway Down Slope From Street, Garage, Garage Door Opener, On Site, Off Street, Paved, One Space, Shared Driveway


Parking Total

8


View

No


View Description

None


County

Los Angeles


Water Source

Public


Pool

No


Pool Features

None

Listing Contact: (626) 584-0050 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/17/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 10/17/2024 at 1:21 PM UTC

 

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