CA > South Pasadena
South Pasadena, CA 91030,1609 Raymond Hill Road
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South Pasadena, CA 91030,1609 Raymond Hill Road
South Pasadena, CA 91030,1609 Raymond Hill Road
South Pasadena, CA 91030,1609 Raymond Hill Road
South Pasadena, CA 91030,1609 Raymond Hill Road
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Cris Epstein

Cris Epstein

+1(818) 269-4377
Listed by Rosey R Bell • Coldwell Banker Realty
$ 2,650,000
Est. payment /mo
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Active

1609 Raymond Hill Road South Pasadena, CA 91030

3,756 SqFt

UPDATED:

09/23/2024 09:01 PM

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 3,756 sqft

Price per Sqft $705

MLS Listing ID P1-19233

Style Colonial

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 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.

Location

State CA

County Los Angeles

Interior

Interior Features Crown Molding, Copper Plumbing Full, Granite Counters

Heating Central

Cooling Central Air

Flooring Tile, Wood

Fireplaces Type Gas, Living Room

Laundry Inside, Stackable, Washer Hookup

Exterior

Exterior Feature Lighting, Rain Gutters

Parking Features Driveway Down Slope From Street, Garage, Garage Door Opener, Off Street, On Site, Parking Space, Paved, Shared Driveway, Asphalt, Assigned

Garage Spaces 4.0

Pool None

Community Features Street Lights

Utilities Available Sewer Connected, Water Connected, Cable Available, Cable Connected, Electricity Connected, Natural Gas Connected

View Y/N No

View None

Building

Lot Description Sprinklers, Front Yard, Sprinkler System, Sprinklers Timer, Back Yard

Sewer Sewer Paid

Cris Epstein

Advisor | License ID: 01385089

+1(818) 269-4377

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1609 Raymond Hill Road