Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

6

Building size

7,792 sqft

Lot size

10,861 sqft

Year built

1953

Stories

2

Heating

Central

Cooling

Central Air,Wall/Window Unit(s)

Status

Active

Days on market

8

MLS #

247227042

About this property

We are 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. 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.

Location

319 Raymondale Drive

South Pasadena, Los Angeles, CA, 91030