425 N Raymond Avenue, Pasadena, CA 91103

Local realty services provided by:ERA Donahoe Realty
425 N Raymond Avenue,Pasadena, CA 91103
$2,850,000
Virtual Tour
  • 4 Beds
  • 3 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by:han chen
Office:growth investment group pasade
MLS#:AR25093075
Source:San Diego MLS via CRMLS

Price summary

  • Price:$2,850,000

About this home

Prime 7-unit near Old Town Pasadena, Positive Leverage Deal at 5.86% CAP, Penthouse can be delivered vacant, Adjacent to a future Large Redevelopment Project on Fair Oaks Ave. Garden style apartment investment opportunity located in the highly desirable City of Pasadena - Great location only 2 blocks north of Old Town Pasadena! 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 5.86% CAP Rate and low 12.12x GRM, this offering provides an excellent Cash-on-cash return on a full Turnkey building. 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

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Home facts

  • Listing ID #:AR25093075
  • Added:356 day(s) ago
  • Updated:October 02, 2025 at 01:54 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:3

Heating and cooling

  • Cooling:Wall/Window

Finances and disclosures

  • Price:$2,850,000
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