Homes for sale - 221 N Raymond AVE, Pasadena, CA 91103

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JLee Broker

[email protected] +1(650) 857-1000

$5,120,000

Est. payment - /mo

7,408 Sqft Lot

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UPDATED:

11/19/2024 12:37 AM

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRIV24236416

Style Other

Originating Board California Regional MLS

Year Built 1898

Lot Size 7,408 Sqft

Property Description

HIGHLIGHTS: The property is protected from auto-reassessment after sale under the Mills Act. Property tax are currently set at just $22,325 per year / Estimated saving under the Mills Act are $30,000 annually. In essence adding the income of an additional one-bedroom unit, with no expenses. / Attractive in-place offering actual CAP Rate of 4.63% With a ProForma CAP Rate of 5.27% / 2017 Historic Preservation Award / Three (3) two-story, two-bedroom, two-and-one half bathroom units (2B2.5B) + bonus room in master bedroom. / Tenants have access to offsite parking at the Marriott, with several additional local options available for more affordable solutions / Individually metered for all utilities. Water submetering is in place. Currently master-metered for water, 9 individual water meters in place. ) (MILLS ACT PROTECTED PROPERTY) The Historic Fannie Bonham Row House at 221 N Raymond Ave, Pasadena, CA, is a meticulously restored property and the only remaining example of rowhouse construction in the city! The property features a desirable unit mix, including six (6) single-story, 1-bedroom, 1-bathroom units, and three (3) townhouse-style, 2-bedroom, 2.5-bathroom units. Each townhouse unit also includes a bonus room in the master bedroom, offering flexible space ideal for a n

Location

State CA

County Los Angeles

Area 646 - Pasadena (Ne)

Interior

Laundry Other

Exterior

Garage Gate / Door Opener, Off-Site Parking

Pool None

Building

Water District - Public

Architectural Style Other

Others

Tax ID 5723001019

Special Listing Condition Not Applicable

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Listed by ALBERT LE • LE INVESTMENT GROUP

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JLee Broker

+1(650) 857-1000

Broker | License ID: 00851314

Broker License ID: 00851314

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221 N Raymond AVE Pasadena, CA 91103

JLee Broker

JLee Broker

Key Details

Location

Interior

Exterior

Building

Others

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