425 N Raymond, Pasadena, CA 91103

Pasadena
Local realty services provided by:ERA North Orange County Real Estate
425 N Raymond,Pasadena, CA 91103
$2,850,000
  • - Beds
  • - Baths
  • 5,001 sq. ft.
  • Multi-family
  • Active
Listed by: handoko chen
Office: growth investment group pasade
MLS#:AR25253823
Source:CRMLS

Price summary

  • Price:$2,850,000
  • Price per sq. ft.:$569.89

About this home

Prime 7-unit near Old Town Pasadena, Positive Leverage Deal Close to 6% CAP, Adjacent to a future Large Redevelopment Project on Fair Oaks Ave. Seller May Carry. 425 N Raymond Ave, a 7-unit Turnkey Value-add 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 Over 6% CAP Rate and low ±12.12x GRM (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...

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Home facts

  • Year built:1947
  • Listing ID #:AR25253823
  • Added:535 day(s) ago
  • Updated:March 28, 2026 at 01:23 PM

Rooms and interior

  • Kitchen Description:Washer
  • Living area:5,001 sq. ft.

Heating and cooling

  • Cooling:Wall Window Units
  • Heating:Wall Furnace

Structure and exterior

  • Roof:Flat
  • Year built:1947
  • Building area:5,001 sq. ft.
  • Lot area:0.23 Acres
  • Lot Features:Landscaped, Lawn, Level with Street, Near Public Transportatn, Rectangular Lot, Street Level
  • Architectural Style:Mid Century Modern
  • Levels:2 Story

Utilities

  • Water:Public, Water Connected
  • Sewer:Public Sewer, Sewer Connected

Finances and disclosures

  • Price:$2,850,000
  • Price per sq. ft.:$569.89

Features and amenities

  • Appliances:Dryer, Washer
  • Laundry features:Dryer, Gas Dryer Hookup, Washer, Washer Hookup

Parking

  • Total parking spaces:9
  • Parking description:Assigned, Paved Driveway
Based on information from California Regional Multiple Listing Service, Inc. as of March 30, 2026 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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