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1715 Raymond Hill RD South Pasadena, CA 91030
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Key Details
Sold Price $2,225,000
Property Type Single Family Home, Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID AR26109213
Year Built 1946
Lot Size 8,119 Sqft
Property Sub-Type Quadruplex
Property Description
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 hardwares. More amenities: Downtown Los Angeles, Fair Oaks retails and the Metro Gold-Line Station.
Location
State CA
County Los Angeles
Area 658 - So. Pasadena
Interior
Heating Central
Cooling Central Air
Flooring See Remarks
Fireplaces Type Living Room
Laundry Inside, In Kitchen
Exterior
Parking Features Assigned
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Street Lights
Utilities Available Sewer Connected, Water Available, Water Connected
Roof Type Flat
Building
Lot Description Front Yard, Garden
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash to Existing Loan, Cash to New Loan, Conventional
Listing Terms Cash to Existing Loan, Cash to New Loan, Conventional
Special Listing Condition Standard
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Bought with Norma Mardelli Coldwell Banker Realty
NEARBY SCHOOLS & BUSINESSES
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