1648 Raymond Hill Rd

South Pasadena, CA 91030

$1,895,000
Price
8
Beds
4
Baths
3,756 Sq. Ft.
$505 / Sq. Ft.
3,756
Sq. Ft.
$505
per Sq. Ft.
Listed By CompassActive Under Contract
Listed By CompassActive Under Contract
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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....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.

Property Details for 1648 Raymond Hill Road

Zoning
SPR3
Property Attached YN
true
Parcel Number
5317025006
Total Units
4.0
Living Area
3756
Source Living Area
Vendor Enhanced
Area
South Pasadena (658)
Vacancy Rate
3%
LISTING UPDATED: 12/02/2025 09:16 AM

Property Details for 1648 Raymond Hill Road

StatusActive Under Contract
MLS #25615917
Days on Market26
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1946
Lot Size0.22 AC / 9,779 SF
CountyLos Angeles County

Location

Listing Courtesy of Compass, Zach Krasman, DRE #01814990
Add your commute

Building Information for 1648 Raymond Hill Road

Stories2Residences-Year Built1946Building Size-Lot Size0.22 AC / 9,779 SF

Payment Calculator

$9,364 per month

30 year fixed, 6.28% Interest

Principal and Interest

$9,364

Property Taxes

$0

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1648 Raymond Hill Road

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Multifamily
  • Entry Floor Number: 1
Contract Info
Contract Info
  • Probate: No
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $151,320
  • Net Operating Income: $117,520.00
  • Gross Income: $156,000
  • Gross Rent Multiplier: $12.15
  • Total Annual Expense: 33800
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.2245
  • Lot Size Square Feet: 9779
Parking Details
Parking Details
  • Parking Garage: Garage - 4+ Car, Garage Is Detached
  • Total Parking: 4
  • Garage Spaces Total: 4
  • Attached Garage: No
Interior Features
Interior Features
  • Levels: Two
  • Cooling: Window Unit(s)
  • Cooling Type: Window Unit(s)
  • Heating: Wall
  • Heating Type: Wall
  • Equipment: None
  • Common Walls: Attached
  • Laundry: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 11-06-2025
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,045.00
  • Unit Actual Rent: $2,045.00
  • Unit Projected Rent: $3,250.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,187.00
  • Unit Actual Rent: $2,187.00
  • Unit Projected Rent: $3,250.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,495.00
  • Unit Actual Rent: $2,495.00
  • Unit Projected Rent: $3,250.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,950.00
  • Unit Actual Rent: $1,950.00
  • Unit Projected Rent: $3,250.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $88,183.00
  • Assessed Improvement Percent: 58.17
  • Assessed Land Value: $63,419.00
  • Assessed Land Percent: 41.83
  • Assessed Total Value: $151,602.00

Property History for 1648 Raymond Hill Road

DateEvent & SourcePriceAppreciation
Nov 21, 2025

Accepting Backup Offers

CLAW #25615917

—
Nov 21, 2025

Accepting Backup Offers

CRMLS #25615917

—
Nov 6, 2025

Withdrawn / Cancelled

CLAW #25557045

—
Nov 6, 2025

Listed (Active)

CLAW #25615917

$1,895,000—
Nov 6, 2025

Withdrawn / Cancelled

CRMLS #25557045

$2,100,000—
Nov 6, 2025

Listed (Active)

CRMLS #25615917

$1,895,000—
Sep 8, 2025

Price Change

CLAW #25557045

$2,100,000—
Jun 25, 2025

Listed (Active)

CLAW #25557045

$2,200,000—
Jun 25, 2025

Listed (Active)

CRMLS #25557045

$2,200,000—
DateEvent & SourcePrice
11/21/2025

Accepting Backup Offers

CLAW #25615917

—
11/21/2025

Accepting Backup Offers

CRMLS #25615917

—
11/06/2025

Withdrawn / Cancelled

CLAW #25557045

—
11/06/2025

Listed (Active)

CLAW #25615917

$1,895,000
11/06/2025

Withdrawn / Cancelled

CRMLS #25557045

$2,100,000
11/06/2025

Listed (Active)

CRMLS #25615917

$1,895,000
09/08/2025

Price Change

CLAW #25557045

$2,100,000
06/25/2025

Listed (Active)

CLAW #25557045

$2,200,000
06/25/2025

Listed (Active)

CRMLS #25557045

$2,200,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 1648 Raymond Hill Road

This home is within South Pasadena Unified School District.
Rating
School
Type
Grades
Distance
Marengo Elementary School
Public - K to 5
South Pasadena Middle School
Public - 6 to 8
South Pasadena Senior High School
Public - 9 to 12
Westridge School
Private - 4 to 12
Rating
School
Distance
Marengo Elementary School
PublicK to 5

South Pasadena Middle School
Public6 to 8

South Pasadena Senior High School
Public9 to 12

Westridge School
Private4 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Zach Krasman, DRE #01814990

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.