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

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Tim Alford & Faye Bon

homes@alfordbon.com +1(408) 832-7698

Listed by Han Chen • Growth Investment Group Pasade

$ 2,850,000

Est. payment | -/mo

9,905 Sqft Lot

Save

$ 2,850,000

Est. payment | -/mo

Save

9,905 Sqft Lot

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRAR25093075

Year Built 1947

Lot Size 9,905 Sqft

Source California Regional MLS

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 awa

Location

State CA

County Los Angeles

Area 647 - Pasadena (Sw)

Rooms

Kitchen Dishwasher, Garbage Disposal, Hood Over Range, Oven Range - Gas, Refrigerator

Interior

Heating Wall Furnace

Cooling Window / Wall Unit

Flooring Laminate

Laundry Gas Hookup, 30, Washer, Washer/Dryer - Owned, Dryer

Exterior

Parking Features Assigned Spaces, Other

Garage Spaces 9.0

Pool 31, None

View City Lights

Roof Type Flat / Low Pitch

Building

Lot Description Grade - Level

Foundation Raised

Water District - Public

Others

Tax ID 5725003031

Special Listing Condition Not Applicable

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Tim Alford & Faye Bon

REALTOR® | Lic# 01507448 | 01746037

homes@alfordbon.com

+1(408) 832-7698

518 N Santa Cruz Ave, Los Gatos, CA, 95030, USA

425 N Raymond AVE Pasadena, CA 91103

Tim Alford & Faye Bon

Key Details

Location

Rooms

Interior

Exterior

Building

Others

425 N Raymond AVE