$1,895,000

1648 Raymond Hill Road, South Pasadena, CA 91030

  • 8 beds |
  • 4 baths |
  • 3,756 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1946
  • Property Lot Size Icon9,779sqft lot
  • Property Parking Icon 4 car garage
  • Property Price Per Square Feet Icon $505/sqft
  • Property List Date Icon Listed 2 days ago

Property Description

Perched on the scenic slopes of Raymond Hill, this four-unit multifamily property in South Pasadena features all 2-bedroom, 1-bath units and offers immediate income with significant upside. One unit has been remodeled with modern finishes and an open-concept layout, while the remaining three are well maintained and primed for future upgrades. Property was fully re-piped with PEX in 2021. New Roof installed 2023. A detached four-car garage with individual stalls adds convenience and potential value. With average rents in the building around $2,200/month and strong local demand, the property generates solid cash flow with room to grow. Located in the highly ranked South Pasadena Unified School District, this building is especially appealing to renters seeking academic growth. The district is consistently recognized for its academic excellence, with South Pasadena High School and its feeder schools boasting A+ ratings and national honors. South Pasadena offers a rare blend of charm, safety, and community, with walkable streets, beautiful parks like Garfield and Arroyo Seco, and convenient access to the Metro A Line for direct transit to DTLA and Pasadena. Locals enjoy a vibrant food scene with beloved spots like The Raymond 1886, Lost Parrot Cafe, and Cannonball, plus nearby shopping, farmers' markets, and year-round cultural events. Combining four 2+1 units, a four-car garage, solid rents, and proximity to schools, parks, transit, restaurants, and community life, this Raymond Hill property represents a rare combination of income stability, lifestyle appeal, and future growth potential in one of Southern California's most desirable enclaves.

Listing Status:
Active
Date Added:
November 6, 2025 at 06:00AM
Listing Office:
Compass : 626-205-4040
Listing Agent:
Zach Krasman : 310-906-9382
MLS ID:
25615917
  • Laundry: None
  • Heating: Wall Furnace
  • Parking: Parking spaces: 4
  • General: 2
  • Originating MLS: CRMLS_CL
  • County: Los Angeles
  • Zoning: SPR35317025006
  • Source: CRMLS_CL

This listing courtesy of Zach Krasman, Compass

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

M

Marengo Elementary School

1400 Marengo Ave, South Pasadena, CA, 91030

Grades KG-5

1.05 miles away

S

South Pasadena Middle School

1500 Fair Oaks Ave, South Pasadena, CA, 91030

Grades 6-8

1.15 miles away

S

South Pasadena High School

1401 Fremont Ave, South Pasadena, CA, 91030

Grades 9-12

1.09 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.