319 Raymondale Drive

6 Units in South Pasadena

Overview

Investment Overview

Realty Investment Advisors is pleased to introduce 319 Raymondale, an exceptional 6-unit apartment complex boasting pride of ownership, nestled in one of South Pasadena, California's most coveted locations. Remarkably, this property has remained under the same ownership for over three decades and has not been available for sale during this extended period. This two-story building constructed in 1953, showcases generously sized two-bedroom, one-bathroom units which are approximately 1,300 square feet each. The total building spans an impressive 7,792 square feet and is situated on a 10,861 square foot lot.

The current ownership has made significant recent improvements, including a brand-new roof installed in 2020, upgraded windows, new exterior staircases, and the installation of 5 new central HVAC units. Additionally, the property features a shared laundry room, equipped with seller-owned machines, and each unit is separately metered for electricity and gas. Ample parking provisions are provided by 6 parking spaces accessible via the common driveway. A majority of the units have undergone modern upgrades, featuring new flooring, contemporary kitchen cabinets adorned with quartz or granite countertops, updated plumbing and electrical fixtures, new appliances, and new bathroom vanities. Furthermore, each unit boasts its own private patio or balcony, inviting natural light to flood the interior spaces.