Homes for sale - 425 N Raymond, Pasadena, CA 91103

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Craig Hulbert

craig.hulbert@exprealty.com +1(858) 752-3447

$ 2,850,000

Est. payment | -/mo

4 Beds

3 Baths

9,905 Sqft Lot

Save

$ 2,850,000

Est. payment | -/mo

Save

4 Beds

3 Baths

9,905 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID AR25253823

Bedrooms 4

Lot Size 9,905 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

Prime 7-unit near Old Town Pasadena, Positive Leverage Deal Close to 6% CAP, Adjacent to a future Large Redevelopment Project on Fair Oaks Ave. Seller May Carry. 425 N Raymond Ave, a 7-unit Turnkey Value-add Garden style apartment investment opportunity located in the highly desirable City of Pasadena, CA. 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 Over 6% CAP Rate and low 12.12x GRM (buyer to verify), this offering provides an excellent Cash-on-cash return on a full Turnkey building where the 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

Location

State CA

County Los Angeles

Zoning Assessor

Direction one block east of Fair Oaks Ave, a block south of Villa St

Interior

Cooling Wall/Window

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 5725003031

Acceptable Financing Cash, Seller May Carry

Listing Terms Cash, Seller May Carry

Listed by Handoko Chen Growth Investment Group Pasade

Nearby Locations

SCHOOLSPROPERTIES

Elementary Schools 20

10

Arroyo Vista Elementary School

Public | KG - 5
10

Marengo Elementary School

Public | KG - 5
10

Valentine Elementary School

Public | KG - 5
7

Aveson School of Leaders

Public | KG - 5
7

Hamilton Elementary School

Public | PK - 5
6

Rockdale Visual & Performing Arts Magnet

Public | KG - 6
6

Yorkdale Elementary

Public | KG - 5
6

San Rafael Elementary School

Public | KG - 5
6

Coolidge Elementary School

Public | KG - 5
6

Daniel Webster Elementary School

Public | PK - 5
5

Garvanza Elementary

Public | KG - 5
5

San Pascual STEAM Magnet

Public | KG - 5
5

Washington Elementary School

Public | PK - 5
5

Longfellow Elementary School

Public | PK - 5
4

Franklin Elementary School

Public | PK - 5
4

Roosevelt Elementary School

Public | PK - 5
3

Jackson STEM Magnet

Public | PK - 5
3

Cleveland Elementary School

Public | PK - 5
3

McKinley School

Public | KG - 8
3

Jefferson Elementary School

Public | PK - 5

Middle Schools 16

10

South Pasadena Middle School

Public | 6 - 8
9

Huntington Middle School

Public | 6 - 8
8

Marshall Fundamental

Public | 6 - 12
5

Luther Burbank Middle School

Public | 6 - 8
5

Aveson Global Leadership Academy

Public | 6 - 12
4

Blair High School

Public | 6 - 12
2

Charles W. Eliot Arts Magnet Academy

Public | 6 - 8
1

Washington STEAM Multilingual Academy

Public | 6 - 8
0

Optimist Charter

Public | 7 - 12
0

Puc California Academy for Liberal Studies

Public | 6 - 8
0

Fusion Academy Pasadena

Private | 7 - 12
0

Flintridge Preparatory School

Private | 7 - 12
0

The Hillside School & Learning Center

Private | 7 - 12
0

Southwestern Academy

Private | 6 - 12
0

Excelsior School

Private | 8 - 12
0

The Peace & Justice Academy

Private | 6 - 12

High Schools 10

10

La Canada High School

Public | 9 - 12
10

South Pasadena High School

Public | 9 - 12
5

Puc Ca Academy for Liberal Studies Early College H

Public | 9 - 12
3

John Muir High School

Public | 9 - 12
0

Optimist High School

Private | 9 - 12
0

Flintridge Sacred Heart Academy

Private | 9 - 12
0

St Francis High School

Private | 9 - 12
0

Mayfield Senior School

Private | 9 - 12
0

Maranatha High School

Private | 9 - 12
0

Rose City High (Continuation)

Public | 9 - 12

School and business data provided by Attom Data.

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(858) 752-3447

craig.hulbert@exprealty.com

425 N Raymond Pasadena, CA 91103