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1609 Raymond Hill Road, South Pasadena, CA 91030

$2,650,000

  • For Sale
  • Active
  • Multi-Family
  • Updated 9 days ago
1609 Raymond Hill Road, South Pasadena, CA 91030View this property at 1609 Raymond Hill Road, South Pasadena, CA 91030
1609 Raymond Hill RoadSouth PasadenaCA91030
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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.

Full Property Details for 1609 Raymond Hill Rd

General

  • Price: $2,650,000
  • Status: Active
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: P1-19233
  • Updated: 10/3/2024
  • Days on Market: 30 days
  • Added to Site: 31 day(s) ago

Interior

  • Interior Features: Crown Molding, Copper Plumbing (Full), Granite Counters
  • Fireplace(s): Gas, Living Room
  • Appliances: Dishwasher, Free-Standing Range, Microwave, Gas Water Heater, Gas Range
  • Flooring: Tile, Wood

Rooms

Other Rooms

  • Laundry: Inside, Stackable, Washer Hookup

Additional Information

  • Pool Description: None
  • Spa Description: None

Exterior

  • Exterior Features: Lighting, Rain Gutters

Parking

  • Garage Spaces: 4
  • Parking Features: Assigned, Driveway Down Slope From Street, Shared Driveway, Paved, On-Site, Off-Street, Garage Door Opener, Parking Space, Garage, Asphalt
  • Parking: Assigned, Driveway Down Slope From Street, Shared Driveway, Paved, On-Site, Off-Street, Garage Door Opener, Parking Space, Garage, Asphalt

Location

  • Area: 658 - So. Pasadena
  • County: Los Angeles
  • Development Name: 658 - So. Pasadena
  • Driving Directions: Located at the Southeast corner of Raymond Hill Road and Fair Oaks. Easy parking off street on Raymond Hill Road.
  • Direction Faces: East

Heating & Cooling

  • Cooling Type: Central Air
  • Heating Type: Central

Utilities

  • Sewer: Sewer Paid
  • Water: Public
  • # Water Meters: 1
  • # Gas Meters: 4
  • # Electric Meters: 5

Structural Information

  • Architectural Style: Colonial
  • Roof: Composition
  • Doors: Mirror Closet Door(s), Service Entrance
  • Entry Location: At front entrance on Raymond Hill Road
  • Stories/Levels: Two
  • Stories Description: Two
  • Square Feet: 3,756
  • Year Built: 1946

Unit Information

Unit 1

  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 2

  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 3

  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 4

  • Total Bathrooms: 1
  • Bedrooms: 2

Lot Features

  • Property View: None
  • Lot Size (Acres): 0.293
  • Lot Size (Sq. Ft.): 12,765
  • Lot Size Source: Public Records
  • Lot Description: Back Yard, Sprinkler System, Sprinklers Timer, Front Yard

Financial Considerations

  • Price Per Sq. Ft.: $705.54
Buyer's Brokerage Compensation: Contact Listing Agent
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— 1609 Raymond Hill Rd —

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NMLS#: 1598647

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Schools serving 1609 Raymond Hill Rd

School District:South Pasadena Unified School District
RatingNameGradesDistance
9
Marengo Elementary School
1400 Marengo Ave, S Pasadena, CA 91030
K-51 mi
9
South Pasadena Middle School
1500 Fair Oaks Ave, S Pasadena, CA 91030
6-81.1 mi
10
South Pasadena High School
1401 Fremont Ave, S Pasadena, CA 91030
9-121 mi
Disclaimer: School ratings provided by GreatSchools. Ratings are on a scale of 1-10. Learn more about GreatSchools ratings. School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1609 Raymond Hill Rd Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/12/2024
Listed
$2,650,000
92.03%
MLS
1/27/2005
Sold
$1,380,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1609 Raymond Hill Rd

Year
Property Taxes
Change
Tax Assessment
Change
2023
$23,089
2%
$1,848,898
2%
2022
$22,560
2%
$1,812,646
2%
2021
$22,163
1%
$1,777,105
1%
2020
$21,855
2%
$1,758,884
2%
2019
$21,527
3%
$1,724,397
2%
2018
$20,973
4%
$1,690,586
5%
2017
$20,096
10%
$1,605,379
5%
2016
$18,289
-2%
$1,522,875
-3%
2015
$18,736
5%
$1,567,000
6%
2014
$17,901
8%
$1,484,000
9%
2013
$16,608
—
$1,357,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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1609 Raymond Hill Road, South Pasadena, CA 91030 (MLS# P1-19233) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 1609 Raymond Hill Road is currently listed for $2,650,000 and was received on September 12, 2024. This property is listed by Rosey Bell from our Pasadena Office.Want to learn more about 1609 Raymond Hill Road? Do you have questions about finding other Multi-Family real estate for sale in South Pasadena? You can browse all South Pasadena real estate or contact a Coldwell Banker agent to request more information.

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