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Triplex with Shared Courtyard
For Sale
$1,799,999

637 N Raymond Avenue, Pasadena, CA 91103

Residential, Pasadena, CA

Property Size3,418 SF
Lot Size0.15 Acres
Price / SF$526.62
Days on Market64

Property Features for 637 N Raymond Avenue

General Information

Property type Residential Multi Family
Property subtype Triplex
Bedrooms 8
Bathrooms 5
Full bathrooms 5
Rooms Bedroom 8, Bathroom 2, Bedroom 7, Basement, Bedroom 5, Bathroom 3, Bathroom 5, Bathroom 1, Bedroom 3, Bedroom 2, Bathroom 4, Bedroom 6, Bedroom 4, Bedroom 1
Parking 8
Parking features Tandem, Side By Side, Driveway
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
detached laundry
central air conditioning

Building Details

Year built 1930
Floors in Building 2
Flooring type Simulated wood
Architectural style Spanish, Craftsman, Pueblo
Listing Agency: Keller Williams Westlake Village · Keller Williams Realty
Listed By: David Samuels · License #02219765
Added: Jul 23 Changed: Sep 24 Last Checked: Sep 24 at 9:06PM
MLS# 226003500

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 includes three leased residences: two 3-bedroom, 2-bath units and one 2-bedroom, 1-bath unit. The homes feature distinct architectural character, renovated kitchens and bathrooms, central air conditioning, recessed lighting, hardwood or simulated wood flooring, and useful private or shared outdoor areas. One residence includes basement storage, while another offers an upper-level balcony. The property was built in 1930 and occupies 0.1512 acres.

Shared improvements include a central courtyard, detached laundry building with washers and dryers, dual driveways, and separate gas and electrical meters. Capital work completed over the past eight years includes interior and exterior painting, driveway improvements, roof flashing updates, landscaping, and system upgrades. The asset is located in Pasadena, California, and has a projected cap rate above 4%.

Key Highlights

  • 3,418 SF triplex on 0.1512 acres
  • Two 3BR/2BA units and one 2BR/1BA unit
  • All three residences are currently leased

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
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access

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 - Leased three-unit property with renovated interiors, central air, on-site parking, and separate utility metering.
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: 3,418 SF triplex on 0.1512 acres; Two 3BR/2BA units and one 2BR/1BA unit; All three residences are currently leased
More about this property
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