1609 Raymond Hill Rd South Pasadena, CA 91030
Property details
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.
Highlights
Summary
- MLS Number: P1-19233
- MLS Name: CRMLS
- Office Name: Coldwell Banker Realty
- Office Phone: (626) 584-0050
- Office Email: pasadenalake@coldwellbanker.com
- 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: 2/8/2025, 1:20:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$2,650,000
1609 Raymond Hill Rd
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Feb 02, 2005 | Home Sold | $1,380,000 |
| Mar 25, 2003 | Home Sold | $490,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $1,885,875 | $23,639 |
| 2023 | $1,848,898 | $23,089 |
| 2022 | $1,812,646 | $22,560 |
| 2021 | $1,777,105 | $22,162 |
| 2020 | $1,758,884 | $21,526 |
| 2019 | $1,724,397 | $20,973 |
| 2018 | $1,690,586 | $20,096 |
| 2017 | $1,605,379 | $20,096 |
History based on county public records data.
Nearby schools
9
Marengo Elementary School
Public District KG-5
1.0 mi
•1400 Marengo Ave
8
Arroyo Vista Elementary School
Public District KG-5
1.2 mi
•335 El Centro St
7
San Pascual STEAM Magnet
Public Magnet KG-5
1.3 mi
•815 San Pascual Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
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. Typical family type is single, no kids. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Art Museums
Major League Soccer (MLS)
Music Concerts
Where do the neighbors shop?
Bloomingdales
Banana Republic
H&M
Where do the neighbors go to eat?
Starbucks
Jack In The Box
Chipotle
What do the neighbors drive?
Audi
Toyota
Volkswagen
What do the neighbors listen to?
News
Jazz
Rhythmic Contemporary Hits
This home is located at 1609 Raymond Hill Rd in South Pasadena, CA and zip code 91030 in the The San Gabriel Valley neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since September 13, 2024 and is currently priced at $2,650,000.
In January 2025, from all listings sold in South Pasadena, CA there were more than 1 sold above asking price, over 5 sold below and more than 1 were sold right at the asked price. The number of listings in South Pasadena, CA decreased by 30% between December and January 2025. In January 2025, listings were on the market for 41 days. During the same period, the median list price in this real estate market was $1,725,000.