1823-1829 Ramona Avenue

South Pasadena, CA 91030

$2,625,000
Price
4
Beds
5
Baths
5,612 Sq. Ft.
$468 / Sq. Ft.
5,612
Sq. Ft.
$468
per Sq. Ft.

Description

Ramona Gardens is a true pride of ownership, 4-unit, 2-story multifamily building located at 1823-1829 Ramona Avenue in South Pasadena, CA. Built in 1922, the property is 5,612 SF on a 12,026 SF lot. The unit mix consists of three 2-bedroom, 1-bathroom units and one 2-bedroom, 1.5-bathroom unit. Each unit is oversized, featuring original hardwood floors or vinyl plank flooring, fireplaces, large dining rooms, and in-unit laundry rooms with washer/dryer hookups. The kitchens have had various upgrades...Ramona Gardens is a true pride of ownership, 4-unit, 2-story multifamily building located at 1823-1829 Ramona Avenue in South Pasadena, CA. Built in 1922, the property is 5,612 SF on a 12,026 SF lot. The unit mix consists of three 2-bedroom, 1-bathroom units and one 2-bedroom, 1.5-bathroom unit. Each unit is oversized, featuring original hardwood floors or vinyl plank flooring, fireplaces, large dining rooms, and in-unit laundry rooms with washer/dryer hookups. The kitchens have had various upgrades with granite counters, dishwashers, gas stoves, ovens, and tile floors, while the bathrooms have been similarly upgraded. All units are equipped with central A/C and heat, and have been fitted with updated fixtures, hardware, and lighting. Units 1825 & 1827 have older upgrades since tenants have been there longer. The property is individually metered utilities for gas, electricity, and hot water, with the owner covering water, sewer, and trash expenses. There are 4 single-car garages, a storage room, and a concrete driveway and parking area. The electrical sub-panels have been upgraded, and the roof is a slightly pitched rolled composition roof. The property is subject to statewide rent control under AB 1482, and South Pasadena has a "Just Cause for Eviction Ordinance" that became permanent in December 2023. This building offers modern upgrades while preserving its original charm, making it a promising investment opportunity.
  1. Listed by KEVIN LUTZ • DRE #00925595 • Brokerage DRE #01444805 • Keller Williams Realty/Pasadena • 626-429-0685

Property Details for 1823-1829 Ramona Avenue

Parking Spaces Total
4
Private Pool
No
Cooling Type
Central
Total Units
4.0
Building Type
Attached
Lot Size Source
Public Records
Living Area
5612
Assessor Parcel Number
5319-021-007
LISTING UPDATED: 02/11/2025 08:32 AM

Property Details for 1823-1829 Ramona Avenue

StatusPending
MLS #WS25015291
Days on Market20
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Apartment
Year Built1922
CountyLos Angeles County

Building Information for 1823-1829 Ramona Avenue

Building/Complex1823-1829 Ramona AveFloor-Stories2Residences-Pet Policy-Pet Policy Details-Year Built1922Building Size-

Property Information for 1823-1829 Ramona Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $160,380
  • Vacancy Allowance: 4811
  • Gross Operating Income: $155,569
  • Net Operating Income: $99,078
  • Number Of Rented Garages: 0
  • Laundry Income: $0
  • Other Income Description: None
  • Gross Multiplier: 16.37
  • Cap Rate: 3.77
Expense Details
  • Operating Expense: $56,491
  • New Taxes Expense: $30,428
  • Gardener Expense: $4,920
  • Licenses Expense: $276
  • Insurance Expense: $3,541
  • Maintenance Expense: $9,623
  • Maintenance Percent: 6.00%
  • Other Expense: $3,179
  • Other Expense Description: Other
  • Trash Expense: $1,615
  • Water Sewer Expense: $2,909
  • Total Expenses: $56,491
Tax / Assessment Info
  • Tax Block: E
  • Tax Tract Number: .
  • Tax Census Tract: 4807.04
  • Tax Lot: 4
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Curbs
Property / Structure Info
Interior Features
  • Appliances: Dishwasher, Gas Oven
  • Equipment: Dishwasher, Washer Hookup
  • Interior Features: Granite Counters
  • Laundry: Yes
  • Laundry Features: Washer Hookup
  • Cooling: Central Air
  • Heating Type: Central
  • Heating: Central
  • Flooring: Tile, Wood
Exterior Features
  • Entry Location: Front
  • Pool Features: None
  • Pool Description: None
  • Spa Features: None
Land/Lot Info
  • Lot Features: Level with Street
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking: Yes
  • Parking Garage: Garage - 1 Car
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
  • Parking Features: Garage - Single Door
Unit Information
Unit 1
  • Unit Type Units Total: 3
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $3,305
  • Unit Type Total Rent: $9,915
  • Unit Type Pro Forma: 12450
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $3,450
  • Unit Type Total Rent: $4,225
  • Unit Type Pro Forma: 4225
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number With Dishwasher: 4

Property History for 1823-1829 Ramona Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 1823-1829 Ramona Avenue

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 - 1 to 12
Rating
School
Distance
Arroyo Vista Elementary School
PublicK to 5

South Pasadena Middle School
Public6 to 8

South Pasadena Senior High School
Public9 to 12

Almansor Academy
Private1 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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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 Keller Williams Realty/Pasadena, KEVIN LUTZ, DRE #00925595

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.