1609 Raymond Hill Road

South Pasadena, CA 91030

$2,650,000
Price
—
Beds
3,756 Sq. Ft.
$706 / Sq. Ft.
3,756
Sq. Ft.
$706
per Sq. Ft.

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.
  1. Listed by Rosey R Bell • DRE #01185053 • Coldwell Banker Realty

Property Details for 1609 Raymond Hill Road

Architectural Style
Colonial
Subdivision Name
Not Applicable
Garage Spaces
4.00
View
None
LISTING UPDATED: 09/23/2024 02:01 PM

Property Details for 1609 Raymond Hill Road

StatusActive
MLS #P1-19233
Days on Market69
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Fourplex
Year Built1946
Lot Size0.29 AC / 12,765 SF
CountyLos 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

Summary
Location and General Information
  • Building Area Total: 3,756.00
  • Community Features: Street Lights
  • City: South Pasadena
  • Direction Faces: East
  • Directions: Located at the Southeast corner of Raymond Hill Road and Fair Oaks. Easy parking off street on Raymond Hill Road.
  • Area: 658 - South Pasadena
  • Postal Code Plus4: 2042
  • Road Surface Type: Paved
  • Unparsed Address: 1609 Raymond Hill Road, South Pasadena, CA 91030
Parking
  • Parking Features: Driveway Down Slope From Street, Garage, Garage Door Opener, Off Street, On Site, Parking Space, Paved, Shared Driveway, Asphalt, Assigned
Taxes and HOA Information
  • Association Fee: $.00
  • Tax Other Annual Assessment Amount: $701.00
  • Tax Tract: 13152
Virtual Tour
  • Videos Count: 0
Property
Lot Information
  • Additional Parcels: No
  • Lot Features: Sprinklers, Front Yard, Sprinkler System, Sprinklers Timer, Back Yard
  • Lot Size Acres: .29
  • Lot Size Square Feet: 12,765.00
  • Lot Size Area: 12,765.00
  • Lot Size Units: Square Feet
  • Parcel Number: 5317023001
  • Road Frontage Type: City Street
  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
Property and Assessments
  • Common Walls: No Common Walls
  • Documents Count: 0
  • Entry Level: 1
  • Entry Location: At front entrance on Raymond Hill Road
  • New Construction: No
  • Property Attached: No
  • Property Condition: Updated/Remodeled
  • Year Built Source: Public Records
  • Senior Community: No
Utilities
  • Cooling: Central Air
  • Cooling: Yes
  • Electric: 220 Volts
  • Sewer: Sewer Paid
  • Utilities: Cable Available, Water Connected, Sewer Connected, Natural Gas Connected, Electricity Connected, Cable Connected
  • Water Sewer Expense: $3,600.00
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Stucco, Wood Siding
  • Exterior Features: Lighting, Rain Gutters
  • Pool Features: None
  • Pool Private: No
  • Roof: Composition
  • Security Features: Smoke Detector(s), Carbon Monoxide Detector(s)
  • Spa Features: None
  • Spa: No
  • Stories Total: 2
Interior Features
  • Appliances: Dishwasher, Free-Standing Range, Microwave, Gas Water Heater, Gas Range
  • Total Bathrooms: 0
  • Door Features: Mirrored Closet Door(s), Service Entrance
  • Fireplace Features: Gas, Living Room
  • Fireplace: Yes
  • Flooring: Tile, Wood
  • Heating: Central
  • Heating: Yes
  • Interior Features: Crown Molding, Copper Plumbing Full, Granite Counters
  • Laundry Features: Inside, Stackable, Washer Hookup
  • Living Area: 3,756.00
  • View: No
  • Levels: Two
Multi Family
Multi-Family Information
  • Gross Scheduled Income: $138,408.00
  • Net Operating Income: $108,408.00
  • Electric Expense: $480.00
  • Insurance Expense: $3,000.00
  • Number Of Buildings: 1
  • Number Of Units Leased: 4
  • Operating Expense: $30,000.00
  • Special Listing Conditions: Standard
  • Trash Expense: $2,000.00
Rental
Rental Information
  • Tenant Pays: Cable TV, Electricity, Gas

Property History for 1609 Raymond Hill Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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.

Similar Homes

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Similar Sold Homes

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1609 Raymond Hill Road is a multi-family home for sale in South Pasadena, CA 91030. This property was listed for sale on September 12, 2024 by Coldwell Banker Realty, it's currently listed at $2,650,000. It has been on the market for a total of 69 days and was last sold on February 2, 2005. This listing's school district is South Pasadena Unified School District. Nearby schools include Marengo Elementary School, South Pasadena Middle School and South Pasadena Senior High School. 1609 Raymond Hill Road is a 0-bed, 0-bath, 3,756 sqft multi-family home built in 1946.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Realty, Rosey R Bell, DRE #01185053

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.