1609 Raymond Hill Road
$2,650,000
—
3,756
3,756
$706
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...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.
- Listed by Rosey R Bell • DRE #01185053 • Coldwell Banker Realty
Property Details for 1609 Raymond Hill Road
Architectural Style
Colonial
Subdivision NameNot Applicable
Garage Spaces4.00
ViewNone
LISTING UPDATED: 09/23/2024 02:01 PM
Property Details for 1609 Raymond Hill Road
Status | Active |
---|---|
MLS # | P1-19233 |
Days on Market | 69 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / Fourplex |
Year Built | 1946 |
Lot Size | 0.29 AC / 12,765 SF |
County | Los Angeles County |
Building Information for 1609 Raymond Hill Road
Stories2Residences-Year Built1946Building Size-Lot Size0.29 AC / 12,765 SF
Property Information for 1609 Raymond Hill Road
Property History for 1609 Raymond Hill Road
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1609 Raymond Hill Road
Taxable ValueLand$1,366,581Additions$519,294Total$1,885,875
Tax Record2024$23,639 ($1,970 / month)
Home Facts
Total Finished SqFt3,756 SqFtAbove Grade Finished SqFt3,756 SqFtLot Size12,771 SqFtStyleQuadraplexYear Built1946ZoningSPR310000*CountyLOS ANGELESAPN5317-023-001
Schools near 1609 Raymond Hill Road
This home is within South Pasadena Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Private - | 4 to 12 |
Rating | School | Distance |
---|---|---|
Marengo Elementary School PublicK to 5 | ||
South Pasadena Middle School Public6 to 8 | ||
South Pasadena Senior High School Public9 to 12 | ||
Westridge School Private4 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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