1609 Raymond Hill RD, South Pasadena, CA 91030 - MLS#CRP1-19233

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Eric Boyenga

e@boyenga.com +1(408) 506-3942

$ 2,650,000

Est. payment | -/mo

0.29 Acres Lot

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$ 2,650,000

Est. payment | -/mo

Save

0.29 Acres Lot

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

Listed by Rosey Bell • Coldwell Banker Realty

+1(408) 506-3942

e@boyenga.com

167 S. San Antonio Road, Altos, CA