1823 Ramona Avenue
South Pasadena, CA, 91030
$2,625,000
Beds
0 Baths
SqFt
0.28 Acres
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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.

Property Details

Price:
$2,625,000
MLS #:
WS25015291
Status:
Active
Baths:
0
Address:
1823 Ramona Avenue
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
658sopasadena
City:
South Pasadena
Listed Date:
Jan 21, 2025
State:
CA
ZIP:
91030
Lot Size:
12,026 sqft / 0.28 acres (approx)
Year Built:
1922
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Schools

Interior

Appliances
Dishwasher, Gas Oven
Cooling
Central Air
Flooring
Tile, Wood
Heating
Central
Interior Features
Granite Counters

Exterior

Community Features
Curbs
Garage Spaces
4.00
Lot Features
Level with Street
Parking Features
Garage – Single Door
Parking Spots
4.00
Pool Features
None
Sewer
Public Sewer
Spa Features
None
Stories Total
2
Water Source
Public

Financial

Association Fee
0.00

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Community

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1823 Ramona Avenue
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