CA > Pasadena
Pasadena, CA 91103,425 N Raymond Avenue
Pasadena, CA 91103,425 N Raymond Avenue
Pasadena, CA 91103,425 N Raymond Avenue
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Danielle Broad

Danielle Broad

+1(925) 383-9200
$2,980,000
Est. payment /mo
5,001 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 5,001 sqft

Price per Sqft $595

MLS Listing ID CRAR25093075

HOA Y/N No

Year Built 1947

Lot Size 9,905 Sqft

Acres 0.23

Property Sub-Type Other

Property 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

Location

State CA

County Los Angeles

Zoning PSR1

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Laminate, Wood

Fireplace No

Appliance Dryer

Laundry Dryer, Washer, Other

Exterior

View Y/N true

View City Lights

Building

Lot Description Level, Other

Sewer Public Sewer

Water Public

New Construction No

Others

Tax ID 5725003031

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Bridge MLS
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Han Chen • Growth Investment Group Pasade
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+1(925) 383-9200

smiles4dee@gmail.com

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