1648 Raymond Hill Rd, South Pasadena, CA 91030

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.