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Updated Pasadena Triplex with Courtyard
For Sale
$1,799,999

637 N Raymond Avenue, Pasadena, CA 91103

Residential Income, Pasadena, CA

Property Size3,418 SF
Lot Size0.15 Acres
Price / SF$526.62
Days on Market63

Property Features for 637 N Raymond Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 8
Bathrooms 5
Full bathrooms 5
Rooms Bedroom 2, Bedroom 7, Basement, Bedroom 8, Bedroom 5, Bedroom 4, Bathroom 1, Bathroom 3, Bathroom 5, Bathroom 2, Bathroom 4, Bedroom 1, Bedroom 6, Bedroom 3
Parking 8
Parking features Side By Side, Driveway, Tandem
Window features Double Pane Windows
Interior features Basement, Recessed Lighting, Turnkey, Living Room Balcony
Basement Unfinished
Appliances Oven, Refrigerator, Washer, Dryer
Lot features Corners Established, Fenced Yard, Lawn, Back Yard, Curbs, Fenced, Front Yard, Landscaped, Sidewalks, Paved, Street Public, Street Lighting, Utilities - Overhead, Walk Street, Yard, Balcony, End Unit
Subdivision 645 - Pasadena NW
Standard status Active
APN 5725004008
Size 3,418 SF
Lot size 0.15 Acres

Utilities

Heating system Central
Cooling system Central Air

Amenities

courtyard
laundry facility
central air conditioning

Building Details

Year built 1930
Floors in Building 2
Flooring type Simulated wood
Architectural style Pueblo, Spanish, Craftsman
Listing Agency: Keller Williams Westlake Village · Keller Williams Realty
Listed By: David Samuels · License #02219765
Added: Jul 23 Changed: Sep 20 Last Checked: Sep 23 at 7:06AM
MLS# 226003501

Copyright © 2026 Conejo Simi Moorpark Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 3,418-square-foot triplex at 637 N Raymond Avenue comprises three separately configured residences with layouts ranging from two to three bedrooms. The property includes central air conditioning in all units, renovated kitchens and bathrooms, recessed lighting, basement storage, a private balcony, and refinished hardwood flooring. A shared courtyard, detached laundry structure, newer washers and dryers, and dual driveways provide useful common-area amenities. Separate gas and electrical meters support distinct utility management, while capital improvements have included interior and exterior painting, driveway work, roof-flashing updates, landscaping, and professional ductwork cleaning in 2026.

The 0.1512-acre corner property is in Pasadena, Los Angeles County, and was built in 1930. Its three residences are currently leased, and the projected cap rate is above 4%. Architectural elements include Pueblo, Spanish, and Craftsman influences, with a mature privet hedge along the Peoria frontage and a planter feature at the Raymond Avenue corner.

Key Highlights

  • Three‑unit property with 3,418 square feet on 0.1512 acres
  • Three residences currently leased, with a projected cap rate above 4%
  • Central air conditioning installed in all three units

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Butcher Mobile Phone Store Locksmith Wine and Liquor Store Supermarket

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

1,714
Businesses Nearby

Demographics for 91103, CA

26,887
Population
9,392
Households
2.9
Avg Household Size
39
Median Age
38%
College-Educated
80%
High-School Grad
4.6 sq mi
ZIP Area
5,845
Density / Sq Mi
$84,683
Median Household Income
$43,591
Median Earnings
$1,925
Median Rent
$960,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Three individually configured residences feature central air, shared outdoor space, on-site laundry, and separate utility meters.
Where is this triplex located?
The property is located at 637 N Raymond Avenue Pasadena, CA.
What is the asking price?
The asking price for this property is $1,799,999.
What are key features of this property?
This property features: Three‑unit property with 3,418 square feet on 0.1512 acres; Three residences currently leased, with a projected cap rate above 4%; Central air conditioning installed in all three units
More about this property
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