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$2,625,000

Est. payment - /mo

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0.28 Acres Lot

New

1823 -1829 Ramona AVE South Pasadena, CA 91030

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Allen Yabko

[email protected] +1(213) 453-2951

UPDATED:

01/22/2025 06:08 PM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID WS25015291

HOA Y/N No

Year Built 1922

Lot Size 0.276 Acres

Property Description

Ramona Gardens is a true pride of ownership, 4-unit, 2-story multifamily building located at 1823-1829 Ramona Avenue in South Pasadena, CA. Built in 1922, the property is 5,612 SF on a 12,026 SF lot. The unit mix consists of three 2-bedroom, 1-bathroom units and one 2-bedroom, 1.5-bathroom unit. Each unit is oversized, featuring original hardwood floors (with some vinyl plank flooring), fireplaces, large dining rooms, and in-unit laundry rooms with washer/dryer hookups. The kitchens have had various upgrades with granite counters, dishwashers, gas stoves, ovens, and tile floors, while the bathrooms have been similarly upgraded. All units are equipped with central A/C and heat, and have been fitted with updated fixtures, hardware, and lighting. The property is individually metered utilities for gas, electricity, and hot water, with the owner covering water, sewer, and trash expenses. There are 4 single-car garages, a storage room, and a concrete driveway and parking area. The electrical sub-panels have been upgraded, and the roof is a slightly pitched rolled composition roof. The property is subject to statewide rent control under AB 1482, and South Pasadena has a "Just Cause for Eviction Ordinance" that became permanent in December 2023. This building offers modern upgrades while preserving its original charm, making it a promising investment opportunity.

Location

State CA

County Los Angeles

Area 658 - So. Pasadena

Zoning SPR310000*

Interior

Interior Features Granite Counters

Heating Central

Cooling Central Air

Flooring Tile, Wood

Fireplace No

Appliance Dishwasher, Gas Oven

Laundry Washer Hookup

Exterior

Parking Features Door-Single, Garage

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Curbs

Total Parking Spaces 4

Private Pool No

Building

Lot Description Street Level

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 5319021007

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

Listed by KEVIN LUTZ • Keller Williams Realty/Pasadena • 626-429-0685

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Allen Yabko

Agent | License ID: DRE 02074553

+1(213) 453-2951