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Catherine Contreras

Engel & Völkers

catherine.contreras@engelvoelkers.com +1(626) 394-5618

$ 2,250,000

Est. payment -/mo

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Active Under Contract

1715 Raymond Hill RD South Pasadena, CA 91030

8,119 Sqft Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID AR26109213

HOA Y/N No

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

Interior Features Open Floorplan

Heating Central

Cooling Central Air

Flooring See Remarks

Fireplaces Type Living Room

Fireplace Yes

Appliance Dishwasher, Gas Oven, Gas Range, Gas Water Heater

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

Total Parking Spaces 8

Private Pool No

Building

Lot Description Front Yard, Garden

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5317027005

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

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Rosi Ueng Treelane Realty Group Inc. 626-589-6852, DRE #01348042

Catherine Contreras

Advisor | License ID: DRE# 02143921

+1(626) 394-5618

Catherine Contreras

1715 Raymond Hill RD South Pasadena, CA 91030

Key Details

Location

Interior

Exterior

Building

Others

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1715 Raymond Hill RD