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1609 Raymond Hill Road

South Pasadena, CA 91030

– beds
– baths
– sqft
12,765 sqft lot
1946 build
– on site

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 CRMLS_CA / Rosey Bell / Coldwell Banker Realty

Last checked: Checking… • Last updated Sep 23, 2024 •

MLS# P1-19233 —

This property is listed in more than one place. See it here.

The Building

Year Built:

1946
Year Built Source:

Public Records
New Construction:

No
Construction Materials:

Stucco, Wood Siding
Architectural Style:

Colonial
Roof:

Composition
Exterior Features:

Lighting, Rain Gutters
Entry Level:

1
Common Walls:

No Common Walls
Faces:

East
Building Area Total:

3756.00
# of Buildings:

1
Total Number Of Units:

4
Stories Total:

2
# of Separate Gas Meters:

4
# of Separate Water Meters:

1
# of Separate Electric Meters:

5

Interior

Features:

Crown Molding, Copper Plumbing Full, Granite Counters
Levels:

Two
Entry Location:

At front entrance on Raymond Hill Road
Door Features:

Mirror Closet Door(s), Service Entrance
Flooring:

Tile, Wood
Fireplace:

Yes
Fireplace:

Gas, Living Room
Laundry:

Inside, Stackable, Washer Hookup
Laundry:

1

Financial & Terms

Disclosures:

LA/Owner Related, Principal Is RE Licensed

Location

Directions:

Located at the Southeast corner of Raymond Hill Road and Fair Oaks. Easy parking off street on Raymond Hill Road.
Latitude:

34.12368500
Longitude:

-118.15001300

The Property

Property Type:

Residential Income
Subtype:

Quadruplex
Property Condition:

Updated/Remodeled
Lot Features:

Back Yard, Sprinkler System, Sprinklers Timer, Front Yard
Lot Size Area:

12765.0000
Lot Size Acres:

0.2930
Lot Size SqFt:

12765.00
Lot Size Source:

Public Records
View:

None
Fence:

Yes
Security Features:

Carbon Monoxide Detector(s), Smoke Detector(s)
Road Frontage:

City Street
Road Surface Type:

Privately Maintained, Paved
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Tract:

13152
Tax Tract:

480...
Tax Lot:

1

The Listing

Special Listing Conditions:

Standard
Parcel Number:

5317023001

Heating & Cooling

Heating:

1
Heating:

Central
Cooling:

Yes
Cooling:

Central Air

Utilities

Utilities:

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

Sewer Paid
Electric:

220 Volts
Water Source:

Public

Appliances

Appliances:

Dishwasher, Free-Standing Range, Microwave, Gas Water Heater, Gas Range
Included:

Yes

The Community

Subdivision:

Not Applicable
Subdivision:

Not Applicable
Senior Community:

No
Features:

Street Lights
Pool:

None
Private Pool:

No
Spa Features:

None
Assessments:

No
Assessments:

None

Parking

Parking:

Yes
Parking:

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

8.00
Garage Spaces:

4.00
Uncovered Spaces:

4.00

Extra Units

Average 2 Bed Area:

939

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
9/12/24 Sep 12, 2024	Listed / Active	CRMLS_CA	$2,650,000
9/23/21 Sep 23, 2021	Listed / Active	CRMLS_CA

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This multifamily located in West Pasadena, South Pasadena, CA 91030 is currently for sale for $2,650,000. 1609 Raymond Hill Road is a – square foot multifamily with – beds and – baths that has been on Estately for 73 days. 1609 Raymond Hill Road is in the West Pasadena neighborhood of South Pasadena and has a WalkScore® of 82, making it very walkable.

Listing Courtesy of: CRMLS_CA and Coldwell Banker Realty. Based on information from California Regional Multiple Listing Service, Inc. as of 23:55 on Nov 23.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.