319 Raymondale Dr Immeuble residentiel 6 lots 2 633 503 € (438 917 €/Lot) Taux de capitalisation 4,27 % South Pasadena, CA 91030

Realty Investment Advisors is proud to present 319 Raymondale, a rare 6-unit apartment complex located in one of the most desirable neighborhoods of South Pasadena. This property has remained under the same ownership for over three decades and owner is ready to retire. Built in 1953, this charming two-story building offers spacious two-bedroom, one-bathroom units, each approximately 1,300 square feet. The total building area spans 7,792 square feet on a generous 10,861 square foot lot.
One unit will be delivered vacant—an ideal opportunity for an owner-user to reside on-site while earning income from the remaining units. Recent capital improvements reflect true pride of ownership, including a new roof (2020), upgraded windows, newly installed exterior staircases, and five new central HVAC systems. The property also features a shared laundry room with seller-owned machines and is separately metered for gas and electricity.
Residents benefit from six off-street parking spaces accessed via a common driveway. Many units have been thoughtfully renovated, showcasing modern finishes such as new flooring, contemporary kitchen cabinetry with quartz or granite countertops, updated plumbing and electrical fixtures, new appliances, and stylish bathroom vanities. Each unit also enjoys its own private patio or balcony, enhancing natural light and indoor-outdoor living.