Pasadena, CA 91103,221 N Raymond AVE
Pasadena, CA 91103,221 N Raymond AVE
Pasadena, CA 91103,221 N Raymond AVE
Pasadena, CA 91103,221 N Raymond AVE
Pasadena, CA 91103,221 N Raymond AVE
Pasadena, CA 91103,221 N Raymond AVE
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Fri
27
Dec
Sat
28
Dec
Sun
29
Dec
$ 5,120,000
Est. payment | /mo

7,409 Sqft Lot


Save
$ 5,120,000
Est. payment | /mo
Save

7,409 Sqft Lot

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID IV24236416

HOA Y/N No

Year Built 1898

Lot Size 7,409 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 nursery, home office, or additional bedroom.

This historic building underwent an extensive restoration to preserve its original architectural details while modernizing essential key building systems. Jackson Milling & Lumber, Inc. contributed significantly to this effort, utilizing custom-milled Douglas fir to replace wood
siding & replicate intricate crown moldings true to the materials used in the original construction. Additionally, American Window Restoration repaired or replaced all windows to maintain historical accuracy. This dedication to preserving the building's heritage earned it a Historic Preservation Award from the City of Pasadena and recognition from then-Senator Anthony Portantino.

Location

State CA

County Los Angeles

Area 646 - Pasadena (Ne)

Zoning PSC-

Interior

Fireplace No

Laundry Inside

Exterior

Parking Features Gated, Off Site

Fence Wrought Iron

Pool None

Community Features Curbs, Storm Drain(s), Street Lights, Suburban

Private Pool No

Building

Lot Description 6-10 Units/Acre

Story 2

Sewer Public Sewer

Water Public

Architectural Style See Remarks

New Construction No

Others

Senior Community No

Tax ID 5723001019

Acceptable Financing Submit

Listing Terms Submit

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by ALBERT LE • LE INVESTMENT GROUP • 909-256-7889
agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(562) 824-6227

msolmos2@gmail.com

6201 E Bayshore Walk, Beach, CA, 90804, USA

GET MORE INFORMATION

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.

Go tour this home

221 N Raymond AVE