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

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JLee Broker

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

Listed by ALBERT LE • LE INVESTMENT GROUP

$4,800,000

Est. payment - /mo

7,408 Sqft Lot

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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRIV25123951

Year Built 1898

Lot Size 7,408 Sqft

Source California Regional MLS

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 4.69% With a ProForma CAP Rate of 5.63% / 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 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 nursery, home offi

Location

State CA

County Los Angeles

Area 647 - Pasadena (Sw)

Interior

Laundry Other

Exterior

Pool None

Building

Water District - Public

Others

Tax ID 5723001019

Special Listing Condition Not Applicable

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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

Key Details

Location

Interior

Exterior

Building

Others

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