1609 Raymond Hill Road South Pasadena, CA 91030
Listing Courtesy of: CRMLS / Coldwell Banker Realty / Nancy "Rosey" Bell

  1609 Raymond Hill Road South Pasadena, CA 91030

Active (20 Days)
$2,650,000

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 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.

MLS #:
P1-19233
Lot Size
0.29 acres
Type
Multifamily
Year Built
1946
Style
Colonial
County
Los Angeles County
Community
Not Applicable

Listed By

Nancy "Rosey" Bell, DRE #01185053 CA, Coldwell Banker Realty
Source
CRMLS
Last checked Oct 10 2024 at 12:56 AM GMT+0000
Bathroom Details
Interior Features
  • Microwave
  • Gas Water Heater
  • Gas Range
  • Free-Standing Range
  • Dishwasher
  • Laundry: Washer Hookup
  • Laundry: Inside
  • Laundry: Stacked
  • Granite Counters
  • Crown Molding
Subdivision
  • Not Applicable
Lot Information
  • Sprinklers Timer
  • Sprinkler System
  • Front Yard
  • Back Yard
Property Features
  • Fireplace: Living Room
  • Fireplace: Gas
Heating and Cooling
  • Central
  • Central Air
Flooring
  • Tile
  • Wood
Exterior Features
  • Roof: Composition
Utility Information
  • Utilities: Water Source: Public, Water Connected, Sewer Connected, Natural Gas Connected, Electricity Connected, Cable Connected, Cable Available
  • Sewer: Sewer Tap Paid
Parking
  • Shared Driveway
  • Paved
  • One Space
  • On Site
  • Off Street
  • Garage Door Opener
  • Garage
  • Driveway Down Slope From Street
  • Assigned
  • Asphalt
Stories
  • 2
Location
   
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Disclaimer: Based on information from California Regional Multiple Listing Service, Inc. as of 2/22/23 10:28 and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable.