425 N Raymond Avenue, Pasadena, CA 91103
Local realty services provided by:Better Homes and Gardens Real Estate Napolitano & Associates
Listed by: handoko chen
Office: growth investment group pasade
MLS#:AR26119886
Source:San Diego MLS via CRMLS
Price summary
- Price:$2,850,000
About this home
RAYMOND SEVEN - 425 N Raymond Ave, a 7-unit Turnkey Garden style apartment investment opportunity located in the highly desirable City of Pasadena, CA. With full renovation recently completed and full occupancy with market rents, this offering provides a highly cash flowing building without doing any work. Offered at a very attractive Close to 6% CAP Rate (buyer to verify), this offering provides an excellent Cash-on-cash return on a full Turnkey building where the owner does not have to worry about renovating units, dealing with low-rent tenants, or any deferred maintenance. Current owner has spent enormous time and capital in fully upgrading the building including replacing the mechanical, electrical, plumbing, and roof. They have upgraded the building with new railings, stucco changes, stairway & walkway repair, exterior painting, landscaping, new windows, structural and foundation support, and all units upgraded. The building is fully occupied with market rate tenants and providing excellent rental income close to market. The property is in a quiet and mature residential area surrounded by SFR houses across the street and duplex/fourplex on each side. It is only 2 blocks north of the Old Town Pasadena and minutes away from most of the major attractions in the City of Pasadena including Rose Bowl area. FWY 210 and FWY 134 is less than a minute away from the property. The property was built in 1947, has 5,001 SF building size and is situated on a 9,902 SF lot size. It has a superb curb appeal with a large lawn and parking area in the front with the main building sits in t...
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Home facts
- Listing ID #:AR26119886
- Added:117 day(s) ago
- Updated:September 28, 2026 at 02:27 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:3
Heating and cooling
- Cooling:Wall/Window
Structure and exterior
- Levels:2 Story
Finances and disclosures
- Price:$2,850,000
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