319 Raymondale Dr - Apartments FOR SALE


South Pasadena, CA 91030
$2,995,000 USD
818-517-0845
319 Raymondale Dr, South Pasadena, CA for Sale
$2,995,000 USD
Apartments - FOR SALE
1/20
null | 4.27% Cap Rate

319 Raymondale Dr
South Pasadena, CA 91030


HIGHLIGHTS

  • Rare South Pasadena Offering
  • Ideal Unit Mix Consisting of All Approximately 1,300 Square Foot Two-Bedroom Units
  • Recently Installed New Roof in 2020
  • Central HVAC Systems (2018) in 5 of the 6 Units
  • Private Patio or Balcony for Each Unit / On-Site Laundry Room
  • Units Thoughtfully Renovated

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,995,000 USD

PRICE/SF

$306 USD /SF

# OF UNITS

6

PRICE/UNIT

$499,167

CAP RATE

4.27%

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1953

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,877 SF

ZONING

R3, South Pasadena

APN/PARCEL ID

5317-020-023

ASK ABOUT THIS PROPERTY

Benjamin HsiangRealty Investment AdvisorsMore Info
818-517-0845

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Benjamin HsiangRealty Investment AdvisorsMore Info
818-517-0845

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.