820 N Raymond Avenue, Pasadena, CA 91103

Local realty services provided by:Better Homes and Gardens Real Estate Napolitano & Associates
820 N Raymond Avenue,Pasadena, CA 91103
$14,500,000
Virtual Tour
  • 1 Beds
  • 1 Baths
  • - sq. ft.
  • Multi-family
  • Pending
Listed by: handoko chen
Office: growth investment group pasade
MLS#:AR25279872
Source:San Diego MLS via CRMLS

Price summary

  • Price:$14,500,000

About this home

THE RAYMOND VILLA, a 50-unit value-add garden style apartment investment opportunity located in the highly desirable City of Pasadena, CA. The property is within walking distance (1mile) to Rose Bowl Area and Old Town Pasadena, and situated on a quiet tree-lined street on Raymond Ave and Painter St. This investment offers an ASSUMABLE LOAN with 57% Loan-To-Value (LTV) at very low 2.9% interest rates fixed until October 2026 and due in 28 years (October 2051). Just by assuming the current loan and operating the building as-is, the new owner could realize a stable 8.09% cash-on-cash return on year-1 and a whopping 14.39% return stabilized at proforma/market rent (Buyer to Verify). The property has brand new roofs (3 out of 4 buildings), upgraded electrical panel (each unit has 100amps breaker), and the parking soft story retrofit were recently completed. The Raymond Villa is an attractive two-story garden style community that was built in 1964 with 36,228 SF building size and situated

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Home facts

  • Listing ID #:AR25279872
  • Added:193 day(s) ago
  • Updated:December 31, 2025 at 08:57 AM

Rooms and interior

  • Bedrooms:1
  • Total bathrooms:1

Heating and cooling

  • Cooling:Wall/Window

Finances and disclosures

  • Price:$14,500,000
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