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1823 -1829 Ramona Avenue

South Pasadena, CA 91030

$2,625,000

List Price

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bed Beds

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shower Baths

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1922

calendar_month Built

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.

Listing Information

List Price $2,625,000
Status Active
MLS WS25015291
HOA $0
Type Residential Income
Subtype Apartment
Year Built 1922
Lot Size 12,026
Structure Size N/A
Courtesy Of Keller Williams Realty/Pasadena
Listing Agent KEVIN LUTZ DRE#00925595

Interior Features

Laundry Information
Location(s) Washer Hookup
Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A
Flooring Information
Material Tile, Wood
Additional Information
Additional Features Granite Counters
Cooling Type
Cooling Type Central Air

Exterior Information

Maps

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king_bed N/A
shower N/A
straighten N/A
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Listing information courtesy of: KEVIN LUTZ, Keller Williams Realty/Pasadena 626-204-3475. *Based on information from the Association of REALTORS/Multiple Listing as of Jan 22nd, 2025 at 6:08 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.