REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 2,850,000
Est. payment /mo
Active
425 N Raymond Avenue Pasadena, CA 91103
5,001 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 5,001 sqft
Price per Sqft $569
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
Prime 7-unit near Old Town Pasadena, Positive Leverage Deal at 5.86% CAP, Penthouse can be delivered vacant, Adjacent to a future Large Redevelopment Project on Fair Oaks Ave. 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 ±5.86% CAP Rate and low ±12.12x GRM, this offering provides an excellent Cash-on-cash return on a full Turnkey building. 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 fro
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
New Construction No
Others
Tax ID 5725003031
© 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