Duplex with Music and Movement
1394 N Raymond, Pasadena, CA 91103
For Sale
$1,350,000
A 1923 duplex with two 2BR/1BA units plus in-unit laundry, central air, and two bonus studio spaces.
Property Size1,812 SF
Days on Market126
Property Features for 1394 N Raymond
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Amenities
in-unit laundry
central air
professional music studio
dedicated movement studio
Building Details
Building Size
Year Built
Tenancy
Listing Agency:
Berkshire Hathaway Homeservices California Realty
Listed By:
Boyd Williams · License #01871180
(909) 633-1498
Source:
Milsteinestates
Added: Jul 5
Changed: Nov 1
Last Checked: Nov 6 at 6:07PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway Homeservices California Realty
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Investment Insights
Based on property information with market context.
A 1923 duplex featuring two separate 2-bedroom, 1-bath residences, each with in-unit laundry. Central air is provided for each unit, with one unit having central air “one unit up” and the other “one down,” supporting privacy between the two homes. Off-street parking is available via a driveway and a two-car carport serving both units.
Beyond the duplex layout, the property includes bonus spaces: a professional music studio and a dedicated movement studio. This combination can support flexible live/work or revenue-generating use alongside the residential units, with permitted uses and any rental potential to be verified with the City of Pasadena.
A newer roof was replaced within the last 5 years, per seller. The setting is described as being near a library, the Rose Bowl, Old Town, Huntington Hospital, and a park across the street.
Beyond the duplex layout, the property includes bonus spaces: a professional music studio and a dedicated movement studio. This combination can support flexible live/work or revenue-generating use alongside the residential units, with permitted uses and any rental potential to be verified with the City of Pasadena.
A newer roof was replaced within the last 5 years, per seller. The setting is described as being near a library, the Rose Bowl, Old Town, Huntington Hospital, and a park across the street.
Key Highlights
- Two 2BR/1BA units in a 1923 duplex
- In‑unit laundry for both residences
- Central air provided—one unit up and one down
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,813
Cap Rate
2.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$776,260
$776.3K
Cap Rate 7%
$554,471
$554.5K
Cap Rate 9%
$431,256
$431.3K
Market Conditions
NOI Build-Up for 1,812 SF
Gross rent
$60.9K $33.60/SF
− Vacancy
−$9.1K −$5.04/SF
EGI
$51.8K $28.56/SF
− OpEx
−$12.9K −$7.14/SF
NOI
$38.8K $21.42/SF
Area
Pasadena, CA
Vacancy
15.00%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$776,260
Cap Rate 7%
$554,471
Cap Rate 9%
$431,256
Alternative Uses
Best Use
Multifamily LT 5
$40.79M
$35.69M – $47.59M
NOI $2,855,174 @ 7.0% cap · market cap 211.49%
Second Best
Apartment 5plus
$35.99M
$31.50M – $41.99M
NOI $2,519,622 @ 7.0% cap · market cap 186.64%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
634
Businesses Nearby
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Business Placement
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
$960,000
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Pasadena, CA
Properties on Market for Duplexes in Pasadena
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Duplex - A 1923 duplex with two 2BR/1BA units plus in-unit laundry, central air, and two bonus studio spaces.
Where is this duplex located?
The property is located at 1394 N Raymond Pasadena, CA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Two 2BR/1BA units in a 1923 duplex; In‑unit laundry for both residences; Central air provided—one unit up and one down
