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$ 2,850,000
Est. payment /mo
Active
425 N Raymond Avenue Pasadena, CA 91103
4 Beds
3 Baths
9,905 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID AR26119886
Bedrooms 4
Lot Size 9,905 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
RAYMOND SEVEN - 425 N Raymond Ave, a 7-unit Turnkey 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 Close to 6% CAP Rate (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 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 t
Location
State CA
County Los Angeles
Zoning Assessor
Direction 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
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, Exchange
Listing Terms Cash, Exchange
Virtual Tour https://growthinvestmentgroup.com/listingdetail.aspx?pid=10460
Listed by Handoko Chen, DRE#01749321 Growth Investment Group Pasade