$2,200,000

1648 Raymond Hill Rd South Pasadena, CA 91030

Estimated payment $12,329/month

Total Views 5,674
8 Beds
4 Baths
3,756 Sq Ft
$586 Price per Sq Ft

About This Home

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 fully renovated with modern finishes and an open-concept layout, while the remaining three are well maintained and primed for future upgrades. A detached four-car garage with individual stalls adds convenience and potential value. With average rents 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, known for its academic excellence and college prep focus, 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 Agent

Zachary Krasman

Compass License #01814990 Listed on: 06/25/2025

Compass

Co-Listing Agent

Stephen Kaseno

Compass License #01027384

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,410

Year Built

  • Built in 1946

Lot Details

  • 9,779 Sq Ft Lot

Parking

  • 4 Car Garage

Interior Spaces

  • 3,756 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Utilities

  • Window Unit Cooling System
  • Heating System Mounted To A Wall or Window

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5317-025-006

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,410

Year Built

Built in 1946

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Entry Floor: 1
  • Living Area: 3756
  • Lot Acreage: 0.2245
  • Probate: No
  • Stories: 2
  • Year Built: 1946
  • Number Of Photos: 9
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Common Walls: Attached
  • Total Bathrooms: 4.00
  • Price Per S Q F T: 585.73

Exterior Features

  • Other Structures: Other

Garage/Parking

  • Garage Spaces: 4
  • Parking Garage: Garage - 4+ Car, Garage Is Detached
  • Total Parking: 4

Utilities

  • Cooling: Window Unit(s)
  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 58.17
  • Assessed Improvement Value: 88183
  • Assessed Land Percent: 41.83
  • Assessed Land Value: 63419
  • Total Assessed Value: 151602
  • Assessor Parcel Number: 5317-025-006
  • Lot Size Area: 9779

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 14.10
  • Number Of Units: 4
  • Total Annual Expense: 33800
  • Type Of Units: Multifamily
  • Vacancy Rate: 3%

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,410 $154,633 $64,687 $89,946
2024 $3,410 $151,602 $63,419 $88,183
2023 $3,353 $148,630 $62,176 $86,454
2022 $3,291 $145,716 $60,957 $84,759
2021 $3,215 $142,860 $59,762 $83,098
2019 $3,128 $138,625 $57,991 $80,634
2018 $2,991 $135,907 $56,854 $79,053
2016 $2,787 $130,632 $54,648 $75,984
2015 $2,740 $128,671 $53,828 $74,843
2014 $2,743 $126,151 $52,774 $73,377
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/25/2025 06/25/25 For Sale $2,200,000 -- $586 / Sq Ft
Source: The MLS

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- --
Source: Public Records

Source: The MLS

MLS Number: 25557045

The MLS

APN: 5317-025-006