18
See all 18 photos
$4,490,000
Est. payment /mo
3 Beds
4 Baths
New
221 N Raymond Avenue Pasadena, CA 91103
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID IV25187386
Bedrooms 3
Property Sub-Type Res Income 2-4 Units
Property Description
Attractive Interest Only Seller Financing Offered to Well Qualified Buyers (50% down, 12 month interest only at 5.50%, due in 12 months). The Fannie Bonham Row House, located at 221 N Raymond Ave, Pasadena, is the only remaining example of rowhouse construction in the city and a proud recipient of the City of Pasadenas Historic Preservation Award. Originally built in 1898 and meticulously restored, the property blends late 19th-century architectural character with modern upgrades. Situated in the heart of Old Pasadenas Historic District, directly adjacent to Pasadena Memorial Park and just steps to the Metro Gold Line, St. Andrew Church, and numerous shopping, dining, and cultural attractions, this investment opportunity is unmatched in location and history. The building offers an attractive unit mix of six (6) single-story 1BD/1BA units and three (3) two-story townhouse-style 2BD/2.5BA units, each townhouse featuring a bonus room off the primary bedroom ideal for a nursery, home office, or additional bedroom. All units enjoy private rear patios, updated systems, separate gas and electric meters, and water submetering, plus access to secure basement storage. Tenants benefit from nearby offsite parking options including the Marriott and other affordable alternatives. Extensive restoration preserved original details with custom-milled Douglas fir siding, crown moldings, and historically accurate window restoration, while integrating modern systems such as updated HVAC, Noritz tankless water heaters, Siemens electrical panels, and a new roof (2017). Financial highlights includ
Location
State CA
County Los Angeles
Zoning Appraiser
Direction Walnut & Raymond
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Tax ID 5723001019
Listed by ALBERT LE LE INVESTMENT GROUP