221 N Raymond Avenue
Pasadena, CA 91103
- – beds
- – baths
- – sqft
- 7,408 sqft lot
- 1898 build
- – on site
HIGHLIGHTS: The property is protected from auto-reassessment after sale under the Mills Act. Property tax are currently set at just $22,325 per year / Estimated saving under the Mills Act are $30,000 annually. In essence adding the income of an additional one-bedroom unit, with no expenses. / Attractive in-place offering actual CAP Rate of 4.63% With a ProForma CAP Rate of 5.27% / 2017 Historic Preservation Award / Three (3) two-story, two-bedroom, two-and-one half bathroom units (2B2.5B) + bonus room in master bedroom. / Tenants have access to offsite parking at the Marriott, with several additional local options available for more affordable solutions / Individually metered for all utilities. Water submetering is in place. Currently master-metered for water, 9 individual water meters in place. ) (MILLS ACT PROTECTED PROPERTY) The Historic Fannie Bonham Row House at 221 N Raymond Ave, Pasadena, CA, is a meticulously restored property and the only remaining example of rowhouse construction in the city! The property features a desirable unit mix, including six (6) single-story, 1-bedroom, 1-bathroom units, and three (3) townhouse-style, 2-bedroom, 2.5-bathroom units. Each townhouse unit also includes a bonus room in the master bedroom, offering flexible space ideal for a nursery, home office, or additional bedroom. This historic building underwent an extensive restoration to preserve its original architectural details while modernizing essential key building systems. Jackson Milling & Lumber, Inc. contributed significantly to this effort, utilizing custom-milled Douglas fir to replace wood siding & replicate intricate crown moldings true to the materials used in the original construction. Additionally, American Window Restoration repaired or replaced all windows to maintain historical accuracy. This dedication to preserving the building's heritage earned it a Historic Preservation Award from the City of Pasadena and recognition from then-Senator Anthony Portantino.
Last checked:
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Last updated Nov 19, 2024
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MLS# IV24236416 —
The Building
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Year Built:1898
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Year Built Source:Assessor
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New Construction:No
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Architectural Style:See Remarks
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Entry Level:1
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Common Walls:2+ Common Walls
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Building Area Total:8568.00
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Building Area Units:Square Feet
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# of Buildings:1
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Total Number Of Units:9
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Stories Total:2
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# of Separate Gas Meters:10
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# of Separate Water Meters:10
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# of Separate Electric Meters:10
Interior
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Entry Location:1
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Laundry:Inside
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Laundry:1
Location
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Directions:Raymong @ Walnut
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Latitude:34.14976800
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Longitude:-118.14915500
The Property
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Property Type:Residential Income
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Subtype:Apartment
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Zoning:PSC-
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Lot Features:6-10 Units/Acre
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Lot Size Area:7408.0000
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Lot Size Acres:0.1701
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Lot Size SqFt:7408.00
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Lot Size Source:Assessor
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Fencing:Wrought Iron
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Fence:Yes
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Property Attached:1
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Block:B
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Tax Census Tract:4619.02
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Tax Tract:ex
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Tax Lot:7
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5723001019
Utilities
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Sewer:Public Sewer
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Water Source:Public
The Community
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Senior Community:No
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Features:Curbs, Storm Drains, Street Lights, Suburban
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Pool:None
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Private Pool:No
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Assessments:Yes
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Assessments:Unknown
Parking
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Parking:Yes
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Parking:Gated, Off Site
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
11/18/24
Nov 18, 2024
|
Listed / Active | CRMLS_CA | $5,120,000 | 7.6% (1.1% / YR) |
|
4/5/18
Apr 5, 2018
|
CRMLS_CA | $4,758,000 | ||
|
4/16/17
Apr 16, 2017
|
Listed / Active | CRMLS_CA |
