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Corner-Unit Triplex with Courtyard
For Sale
$1,799,999

637 N Raymond Avenue, Pasadena, CA 91103

Corner triplex with three leased residences, central courtyard amenities, detached laundry, and separate utilities.

Property Size3,418 SF
Days on Market58

Property Features for 637 N Raymond Avenue

General Information

Standard status Active
Size 3,418 SF
Property subtype Triplex
Occupancy 100%

Additional Details

Multifamily Units 3

Building Details

Building Size 3,418 SF
Year Built 1930
Tenancy Multi
Listing Agency: Keller Williams Westlake Village
Listed By: David Samuels · License #02219765
Source: Archetyperealty
Added: Jul 7 Changed: Aug 31 Last Checked: Sep 2 at 1:33AM

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 Keller Williams Westlake Village

Investment Insights

Based on property information with market context.

637 N Raymond Ave is a corner-unit triplex featuring three distinct residences, each configured to feel more like a standalone home. The property includes updated interiors with features such as recessed lighting, updated kitchen finishes, refinished hardwood flooring, and basement storage where applicable. Tenants share a central courtyard designed for everyday use, and there is a detached laundry structure equipped with newer washers and dryers. On-site parking is provided via dual driveways, and separate gas and electrical meters support streamlined operations.

The triplex includes three units: 637 N Raymond Ave (3BR/2BA), 635 N Raymond Ave (2BR/1BA), and 639 N Raymond Ave (3BR/2BA), each currently leased at $3,450/month, $2,600/month, and $3,600/month, respectively. Recent and ongoing presentation improvements include central air conditioning installed across all three units, comprehensive kitchen and bathroom renovations throughout, interior and exterior repainting, upgraded recessed lighting, driveway improvements, roof flashing updates, and extensive landscaping enhancements. Exterior upgrades also include a mature privet hedge along the Peoria frontage and a planter feature at the Raymond Avenue corner.

For buyers or operators seeking an income-producing residential income property, this triplex offers three already-leased units with separate utility metering, shared outdoor common space, and practical on-site amenities like detached laundry and ample parking. The breadth of capital improvements over the past eight years, along with professional ductwork cleaning in 2026, supports day-to-day tenant comfort and a well-maintained operating profile.

Key Highlights

  • Corner triplex built in 1930 with 3 leased residences and a total monthly rent of $9,650
  • All units have central air installed, plus kitchen and bathroom renovations completed within the past 8 years
  • Each unit leased: 637 N Raymond Ave (3BR/2BA) $3,450/mo, 635 N Raymond Ave (2BR/1BA) $2,600/mo, 639 N Raymond Ave (3BR/2BA) $3,600/mo

Property Analytics

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

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

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 - Corner triplex with three leased residences, central courtyard amenities, detached laundry, and separate utilities.
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: Corner triplex built in 1930 with 3 leased residences and a total monthly rent of $9,650; All units have central air installed, plus kitchen and bathroom renovations completed within the past 8 years; Each unit leased: 637 N Raymond Ave (3BR/2BA) $3,450/mo, 635 N Raymond Ave (2BR/1BA) $2,600/mo, 639 N Raymond Ave (3BR/2BA) $3,600/mo
More about this property
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