$2,650,000
1609 Raymond Hill RD South Pasadena, CA 91030
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$2,650,000
Est. payment /mo
0.29 Acres Lot
Active
1609 Raymond Hill RD South Pasadena, CA 91030
UPDATED:
09/23/2024 09:14 PM
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRP1-19233
Style Colonial
Originating Board California Regional MLS
Year Built 1946
Lot Size 0.293 Acres
Property Description
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
Location
State CA
County Los Angeles
Area 658 - So. Pasadena
Rooms
Kitchen Dishwasher, Microwave, Other, Oven Range - Gas, Oven Range
Interior
Heating Central Forced Air
Cooling Central AC
Laundry 30, Other, Stacked Only
Exterior
Garage Assigned Spaces, Garage, Common Parking Area, Gate / Door Opener, Off-Street Parking, Other, Parking Area
Garage Spaces 8.0
Pool 31, None
View None
Roof Type Composition
Building
Sewer Sewer Available
Water District - Public
Architectural Style Colonial
Others
Tax ID 5317023001
Special Listing Condition Not Applicable
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Listed by Rosey Bell • Coldwell Banker Realty
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