425 N Raymond Ave, Pasadena, CA 91103
Fully renovated 7-unit apartment building near Old Town Pasadena.
- Added:
- Oct 10, 2024
- Days on Market:
- 603
- Last Refresh:
- May 12 at 10:02 pm
Property Features for 425 N Raymond Ave
General Information
- Standard status
- Active
- Size
- 5,001 SF
- Lot size
- 0.23 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1947
Listing agent Handoko Chen License #CA 01749321
Listing office Growth Investment Group
Listing date Oct 10, 2024
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Growth Investment Group
HighLights
- Turnkey 7‑unit apartment building with recent full renovation and full occupancy, providing immediate cash flow.
- Attractive investment opportunity with a close to 6% CAP rate and excellent cash‑on‑cash return.
- Prime location: 2 blocks from Old Town Pasadena, near major attractions, and adjacent to a future large redevelopment project on Fair Oaks Ave.
- Upgraded units with in‑unit laundry, stainless steel appliances, new flooring, lighting, kitchens, and bathrooms.
- Desirable unit mix: includes four 2‑bed/1‑bath units, a penthouse 1‑bed/1‑bath unit with a view, and two 1‑bed/1‑bath units.
- Excellent access to FWY 210 and FWY 134, providing easy commutes to downtown Los Angeles, Burbank, and Glendale.
Overview
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Pasadena
- County
- Los Angeles
- State
- California
- Longitude
- -118.1493154
- Latitude
- 34.1531973