425 N Raymond Avenue

Pasadena, CA 91103

  • 0 Bed(s)
  • 0 Bath(s)
  • 5,001 Sqft
  • 9905
    Sqft(Lot)
$2,980,000

Description

Raymond seven - 425 n raymond ave, a 7-unit turnkey value-add garden style apartment investment opportunity located in the highly desirable city of pasadena - great location only 2 blocks north of old town pasadena! with full renovation recently completed and full occupancy with market rents, this offering provides a highly cash flowing building without doing any work. offered at a very attractive ±5.56% cap rate and low ±12.67x grm, this offering provides an excellent cash-on-cash return on a full turnkey building where owner does not have to worry about renovating units, dealing with low-rent tenants, or any deferred maintenance.



current owner has spent enormous time and capital in fully upgrading the building including replacing the mechanical, electrical, plumbing, and roof. they have upgraded the building with new railings, stucco changes, stairway & walkway repair, exterior painting, landscaping, new windows, structural and foundation support, and all units upgraded. the building is fully occupied with market rate tenants and providing excellent rental income close to market.



the property is in a quiet and mature residential area surrounded by sfr houses across the street and duplex/fourplex on each side. it is only 2 blocks north of the old town pasadena and minutes away from most of the major attractions in the city of pasadena including rose bowl area. fwy 210 and fwy 134 is less than a minute away from the property. the property was built in 1947, has ±5,001 sf building size and is situated on a ±9,902 sf lot size.



it has a superb curb appeal with a large lawn and parking area in the front with the main building sits in the back part of the lot – providing extra sound barrier and privacy to tenants. it offers an attractive unit mix of four (4) x 2bed+1bath, 1 x penthouse 1bed+1bath, and two (2) x 1bed+1bath units. the penthouse unit occupies the entire 3rd floor with excellent view of pasadena area.



each unit has been fully upgraded from top to bottom with brand-new everything (flooring, lighting, kitchen, and bathroom). it has in-unit laundry machines and stainless-steel kitchen appliances. two of the 2nd floor units have private balcony, and the penthouse has private balcony with views. several units have large bedrooms and/or kitchens, and some units have had some upgrades which include updated vinyl wood plank/flooring. all units have smooth ceilings. adu upside on large lot!

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Mid-Century Modern

  • AD ID

    49540097

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Interior Features

    • Roof : Flat
    • Property Appliances: Dishwasher,Disposal,Gas Range,Refrigerator,Range Hood,Dryer,Washer
    • Fireplace: None
    • Flooring: Laminate,Wood

    Cooling Features

    • Wall/Window Unit(s)
    • Air Conditioning

    Heating Source

    • Wall Furnace
    • Has Heating

    Fireplace

    • Fireplace Features: None
    • Has Fireplace: 0

  • Building Information

    • Year Built: 1947
    • Building Area Total: 5,001
    • Roof: Flat

    Foundation

    • Raised

    Pool Features

    • None

    Laundry Features

    • Washer Hookup,Gas Dryer Hookup

    Fencing

    • Masonry

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.2274
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 9905

  • Listing Price Information

    • Original List Price: 2,980,000
    • Listing Contract Date: 2025-04-28

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 5725003031

  • Garage and Parking

    • Garage Description: Assigned,Asphalt,Driveway

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: Electricity,Gas

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 647 - Pasadena (SW)
    • Postal Code Plus 4: 3707
    • Directions: 210 FWY exit Marengo Ave (Fair Oaks), go north from Marengo Ave and take left on Maple St and make right on Raymond Ave (1 block BEFORE Fair Oaks).
    • Zoning: PSR1
    • Source Property Type: Residential Income
    • Area: 647 - Pasadena (SW)
    • Property SubType: Apartment

    Building and Construction

    • Property Age: 78
    • Common Walls: 2+ Common Walls
    • Structure Type: Apartment
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: 1
    • Property Attached: Yes
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 05/04/2025 @ 14:42

  • MLS: AR25093075
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 5,001 sqft, 9,905 sized lot, and 0 parking. are nearby neighborhoods.