ParkingAssigned, Asphalt, Driveway Down Slope From Street, Garage, Garage Door Opener, On Site, Off Street, Paved, One Space, Shared Driveway
Garage4 spaces
Year Built1946
HeatingCentral
CoolingCentral Air
FireplaceGas, Living Room
ViewNone
MLS #P1-19233
Lot Size0.29 Acres
StatusActive
About 1609 Raymond Hill Rd
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.
Property Details
Property Features
Property Information:
Architectural Style: Colonial
Year Built: 1946
Stories: 2
Listing Office:
Office Name: Coldwell Banker Realty
Office Phone: (626) 584-0050
Listing Agent: Rosey Bell
Interior Features
Interior Information:
Appliances: Dishwasher, Range, Gas Range, Gas Water Heater, Microwave
Flooring Type: Tile, Wood
Interior: Crown Molding, Granite Counters
Fireplace: Gas, Living Room
Exterior Features
Exterior Information:
Private Pool: No
View: None
Exterior: Lighting, Rain Gutters
Parking Information:
Garage Space: 4 spaces
Parking: Assigned, Asphalt, Driveway Down Slope From Street, Garage, Garage Door Opener, On Site, Off Street, Paved, One Space, Shared Driveway
Lot Features
Lot Information:
Lot: Back Yard, Front Yard, Sprinklers
Lot Size: 0.29 Acres
Utilities
Utilities Information:
Heating: Central
Cooling: Central Air
Other
Directions Information:
Directions: Located at the Southeast corner of Raymond Hill Road and Fair Oaks. Easy parking off street on Raymond Hill Road.
Price Information
Listing Price Info
Price Summary:
List Price: $2,650,000
Tax Information:
Annual Amount: $22,163
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in South Pasadena, CA.
This property is $975K more than the Median Sold Price in South Pasadena, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #P1-19233
Listing Office:
Office Name: Coldwell Banker Realty
Office Phone: (626) 584-0050
Listing Agent: Rosey Bell
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/18/2024, 7:20:58 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Feb 02, 2005
Feb 02, 2005Home Sold
$1,380,000
Mar 25, 2003
Mar 25, 2003Home Sold
$490,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$22,163
$1,777,105
2020
$21,526
$1,758,884
2019
$20,973
$1,724,397
2018
$20,096
$1,690,586
2017
$20,096
$1,605,379
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
9
/10
Marengo Elementary School
1400 Marengo Ave
Distance between this listing and this school1.00 miles
Public District Grades KG-5
8
/10
Arroyo Vista Elementary School
335 El Centro St
Distance between this listing and this school1.19 miles
Public District Grades KG-5
7
/10
San Pascual STEAM Magnet
815 San Pascual Ave
Distance between this listing and this school1.31 miles
Public Magnet Grades KG-5
Nearby Schools
9
/10
South Pasadena Middle School
1500 Fair Oaks Ave
Distance between this listing and this school1.09 miles
Public District Grades 6-8
3
/10
McKinley School
325 S Oak Knoll Ave
Distance between this listing and this school1.39 miles
Public District Grades KG-8
8
/10
Garfield Elementary School
110 W McLean St
Distance between this listing and this school1.84 miles
Public District Grades KG-8
Nearby Schools
5
/10
Blair High School
1201 S Marengo Ave
Distance between this listing and this school0.28 miles
Public District Grades 6-12
10
/10
South Pasadena High School
1401 Fremont Ave
Distance between this listing and this school1.01 miles
Public District Grades 9-12
2
/10
Rose City High (Continuation)
351 S Hudson Ave
Distance between this listing and this school1.42 miles
The neighbors living near this home have an average income of $65,157. Typical income of South Pasadena, CA residents is between $35k-100k annually. Most families are single, no kids. The majority of residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
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This home is located at 1609 Raymond Hill Rd in South Pasadena, CA and zip code 91030 in the The San Gabriel Valley neighborhood. This home, which was built in 1946, sits on a 0.29 acre lot. It has been listed on Rocket Homes since September 13, 2024 and is currently priced at $2,650,000.
In November 2024, from all listings sold in South Pasadena, CA there were more than 7 sold above asking price, over 4 sold below and more than 0 were sold right at the asked price. Between October 2024 and November 2024, South Pasadena, CA real estate market has seen decrease in the number of listings by 3.7%. In November 2024, listings were on the market for 18 days. During the same period, the median list price in this real estate market was $1,675,000.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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