Property Details
About this Property
HIGHLIGHTS: The property is protected from auto-reassessment after sale under the Mills Act. Property tax are currently set at just $22,325 per year / Estimated saving under the Mills Act are $30,000 annually. In essence adding the income of an additional one-bedroom unit, with no expenses. / Attractive in-place offering actual CAP Rate of 4.63% With a ProForma CAP Rate of 5.27% / 2017 Historic Preservation Award / Three (3) two-story, two-bedroom, two-and-one half bathroom units (2B2.5B) + bonus room in master bedroom. / Tenants have access to offsite parking at the Marriott, with several additional local options available for more affordable solutions / Individually metered for all utilities. Water submetering is in place. Currently master-metered for water, 9 individual water meters in place. ) (MILLS ACT PROTECTED PROPERTY) The Historic Fannie Bonham Row House at 221 N Raymond Ave, Pasadena, CA, is a meticulously restored property and the only remaining example of rowhouse construction in the city! The property features a desirable unit mix, including six (6) single-story, 1-bedroom, 1-bathroom units, and three (3) townhouse-style, 2-bedroom, 2.5-bathroom units. Each townhouse unit also includes a bonus room in the master bedroom, offering flexible space ideal for a n
MLS Listing Information
MLS #
CRIV24236416
MLS Source
California Regional MLS
Days on Site
37
Interior Features
Appliances
Other
Exterior Features
Style
Other
Parking, School, and Other Information
Garage/Parking
Gate/Door Opener, Off-Site Parking, Garage: 0 Car(s)
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
221 N Raymond Ave is a Residential Income in Pasadena, CA 91103. This – square foot property sits on a 7,408 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $5,120,000 and was built in 1898. This address can also be written as 221 N Raymond Ave, Pasadena, CA 91103.
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This listing information is up-to-date as of December 19, 2024. For the most current information, please contact ALBERT LE, (909) 256-7889
