Property Details
About this Property
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
MLS Listing Information
MLS #
CRP1-19233
MLS Source
California Regional MLS
Days on Site
98
Interior Features
Appliances
Dishwasher, Microwave, Other, Oven Range, Oven Range - Gas
Cooling
Central Forced Air
Heating
Central Forced Air
Exterior Features
Roof
Composition
Pool
None
Style
Colonial
Parking, School, and Other Information
Garage/Parking
Assigned Spaces, Common Parking Area, Garage, Gate/Door Opener, Off-Street Parking, Other, Parking Area, Garage: 4 Car(s)
HOA Fee
$0
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 4 | 4 |
| Unit # | Sq Ft | Beds | Baths | Rent |
|---|---|---|---|---|
| 1 | 939 | – | 0/0 | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
1609 Raymond Hill Rd is a Residential Income in South Pasadena, CA 91030. This – square foot property sits on a 12,765 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $2,650,000 and was built in 1946. This address can also be written as 1609 Raymond Hill Rd, South Pasadena, CA 91030.
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This listing information is up-to-date as of September 23, 2024. For the most current information, please contact Rosey Bell, (626) 675-5185
