1609 Raymond Hill Road, South Pasadena, CA 91030

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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 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.


Interior Features

Laundry Information
Location(s) Washer Hookup, Inside, Stacked
Bedroom Information
Bedrooms N/A
Flooring Information
Material Tile, Wood
Interior Information
Features Crown Molding, Granite Counters
Cooling Type Central Air

Listing Information

Address 1609 Raymond Hill Road
City South Pasadena
State CA
Zip 91030
County Los Angeles
Listing Agent Rosey Bell DRE #01185053
Courtesy Of Coldwell Banker Realty
List Price $2,650,000
Status Active
Type Residential Income
Subtype Quadruplex
Structure Size N/A
Lot Size 12,765
Year Built 1946

Listing information courtesy of: Rosey Bell, Coldwell Banker Realty. *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 5:55 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.