1715 Raymond Hill Rd - Apartments FOR SALE


South Pasadena, CA 91030
$2,250,000 USD
626-589-6852
1715 Raymond Hill Rd, South Pasadena, CA for Sale
$2,250,000 USD
Apartments - FOR SALE
1/3
null | 3.22% Cap Rate

1715 Raymond Hill Rd
South Pasadena, CA 91030


OVERVIEW

This well maintained four-unit income property presents a rare opportunity for 1031 exchange buyers and long-term investors, seeking stable cash flow, future appreciation, and exceptional upside potential in South Pasadena's desirable neighborhoods. The detached 4-cars garages are currently un-leased, offering flexibility for additional rental income, storage opportunities, or potential ADU conversion. Preliminary 2 ADU plans that are 2 bedrooms 2 bathrooms each, will be included, giving buyers a valuable head start towards maximizing future cash flow. The recent capital improvements include: sewer line relining [pipeliner], and seismic retrofitting, additionally two water heaters had been recently replaced, contributing to the properties overall value and maintenance appeal. This charming property, blend timeless character, strong rental demand and exciting future development possibilities. Three of the four units feature in-unit washer and dryer hook ups, enhance convenience and tenant's appeal. Each unit offers a bright and air atmosphere with many natural light. Open concept living and dining areas, cozy fireplaces, spacious bedrooms, generous closet spaces. Each unit has rear door access leading to backyard. Ready-unit has been tastefully updated with brand new luxury water resistant wide-plank flooring and brand new hardware.

FOR SALE DETAILS

PRICE

$2,250,000 USD

PRICE/SF

$749 USD /SF

# OF UNITS

4

PRICE/UNIT

$562,500

CAP RATE

3.22%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1946

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,171 SF

ZONING

-

APN/PARCEL ID

5317-027-005

ASK ABOUT THIS PROPERTY

Rosi UengTreelane RealtyMore Info
626-589-6852

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Rosi UengTreelane RealtyMore Info
626-589-6852

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.