1609 Raymond Hill Road offers an exceptional investment opportunity in prestigious South Pasadena. Rarely available, fully occupied rental income property that can be financed with attractive loan rates. 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 apartments, 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.
Square feet: 3,756 sq.ft.
Offered at $2,700,000
For a Virtual Tour of the property, visit www.redfin.com/CA/South-Pasadena/1609-Raymond-Hill-Rd-91030/home/7005977.
For more information contact:
Coldwell Banker Realty
(626) 675-5185 mobile
(626) 356-8114 direct