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$2,650,000
Est. payment /mo
8 Beds
3,756 SqFt
UPDATED:
09/23/2024 09:50 PM
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,756 sqft
Price per Sqft $705
MLS Listing ID CRP1-19233
Bedrooms 8
HOA Y/N No
Year Built 1946
Lot Size 0.293 Acres
Acres 0.29
Property Sub-Type Quadruplex
Property 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 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 tena
Location
State CA
County Los Angeles
Area Listing
Interior
Heating Central
Cooling Central Air
Flooring Tile, Wood
Fireplace No
Appliance Gas Water Heater
Laundry Other, Inside
Exterior
Exterior Feature Back Yard, Front Yard, Sprinklers Automatic, Other
Utilities Available Other Water/Sewer, Sewer Connected
View Y/N false
View None
Total Parking Spaces 8
Building
Lot Description Other, Back Yard, Front Yard
New Construction No
Others
Tax ID 5317023001
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Listed by Rosey Bell • Coldwell Banker Realty