637 N Raymond Avenue, Pasadena, CA 91103
Local realty services provided by:ERA Carlile Realty Group
Listed by: david samuels
Office: keller williams westlake village805-777-7777
MLS#:226003500
Source:CRMLS
Price summary
- Price:$1,799,999
- Price per sq. ft.:$526.62
About this home
In a market where yield matters, 637 N Raymond Ave delivers a clean, well-positioned triplex with strong in-place income and a cap rate projected above 4%. This corner-unit property is thoughtfully configured so each residence lives more like a standalone home than a multifamily unit.Distinct architectural identities create natural appeal and long-term retention:637 N Raymond Ave (3BR/2BA) - Currently leased at $3,450/month. A classic Arts & Crafts residence with updated kitchen finishes, recessed lighting, and basement storage. Direct access to the shared courtyard enhances livability.635 N Raymond Ave (2BR/1BA) - Currently leased at $2,600/month. Recently refreshed with a bright, open layout, galley kitchen, and subtle Santa Barbara influences--arched details and light, airy interiors.639 N Raymond Ave (3BR/2BA) - Currently leased at $3,600/month. An upper-level unit with a private balcony, wrought-iron stair details, and elevated neighborhood views. Thoughtfully updated and highly rentable in its current condition, with beautifully refinished hardwood flooring that enhances its charm and appeal.Shared Features: Tenants enjoy a central courtyard designed for everyday use, a detached laundry structure equipped with newer washers and dryers, and ample on-site parking via dual driveways--an increasingly valuable amenity in this part of the city. Separate gas and electrical meters also help streamline operations.Beyond its strong income profile, the property has benefited from substantial capital improvements over the past eight years. Ownership has invested heavily in the long-term condition and desirability of the asset, including the installation of central air conditioning in all three units, comprehensive kitchen and bathroom renovations throughout, interior and exterior repainting, upgraded recessed lighting, driveway improvements, roof flashing updates, and extensive landscaping enhancements. Recent exterior upgrades include a mature privet hedge along the Peoria frontage and an attractive planter feature at the Raymond Avenue corner, creating strong curb appeal from multiple vantage points. In 2026, the property's ductwork was professionally cleaned throughout, further supporting tenant comfort and system efficiency.This is a low-friction asset: stable tenants, desirable unit layouts, and a presentation that consistently attracts quality renters. The 'feels like a single home' layout across all three units reduces turnover risk and supports premium rents over time. With Pasadena's steady rental demand and limited multifamily inventory, this property sits in a strong position for both immediate returns and long-term hold strategy.Opportunities like this don't circulate often--especially with this level of character, configuration, recent investment, and income already in place. Don't miss your chance....
Contact an agent
Home facts
- Year built:1930
- Listing ID #:226003500
- Added:65 day(s) ago
- Updated:September 26, 2026 at 10:50 AM
Rooms and interior
- Bedrooms:8
- Total bathrooms:5
- Full bathrooms:5
- Flooring:Wood
- Kitchen Description:Refrigerator
- Living area:3,418 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central
- Central air:Yes
Structure and exterior
- Year built:1930
- Building area:3,418 sq. ft.
- Lot area:0.15 Acres
- Lot Features:Back Yard, Corner Lot, Corners Marked, Landscaped, Lawn, Paved, Walkstreet, Yard
- Architectural Style:Craftsman
- Levels:2 Story
Finances and disclosures
- Price:$1,799,999
- Price per sq. ft.:$526.62
Features and amenities
- Laundry features:Outside
- Amenities:Balcony, Gallery Kitchen, Recessed Lighting
Parking
- Total parking spaces:8
- Parking description:Driveway, Garage, Shared Driveway, Side By Side, Tandem, Uncovered
New listings near 637 N Raymond Avenue
- Coming SoonOpen Thu, 10am to 2pm
$998,000Coming Soon2 beds 3 baths1,473 sq. ft.201 N Orange Grove Boulevard #511, Pasadena, CA 91103
MLS# P1-28957Listed by: COLDWELL BANKER REALTY - Coming SoonOpen Thu, 10am to 2pm
$1,749,000Coming Soon4 beds 4 baths2,403 sq. ft.1288 N Garfield Avenue, Pasadena, CA 91104
MLS# PF26185005Listed by: BERKSHIRE HATHAWAY HOME SERVICES GOLDEN PROPERTIES - New
$1,988,000Active4 beds 4 baths2,491 sq. ft.1203 N Chester Avenue, Pasadena, CA 91104
MLS# P1-29001Listed by: COLDWELL BANKER REALTY - New
$1,645,000Active3 beds 2 baths1,899 sq. ft.1550 Old House Road, Pasadena, CA 91107
MLS# P1-29002Listed by: BHHS CALIFORNIA PROPERTIES - New
$2,498,000Active4 beds 3 baths2,732 sq. ft.698 Arden, Pasadena, CA 91106
MLS# CV26079826Listed by: RE/MAX MASTERS REALTY - Open Sun, 1 to 4pmNew
$1,249,000Active3 beds 2 baths1,838 sq. ft.3271 New York Drive, Pasadena, CA 91107
MLS# P1-28992Listed by: KELLER WILLIAMS REALTY - New
$849,000Active3 beds 2 baths1,658 sq. ft.633 E California Boulevard #103, Pasadena, CA 91106
MLS# P1-28988Listed by: KELLER WILLIAMS REALTY - New
$849,000Active3 beds 2 baths1,658 sq. ft.633 E California Boulevard #103, Pasadena, CA 91106
MLS# P1-28988Listed by: KELLER WILLIAMS REALTY - Open Sun, 2 to 4pmNew
$849,000Active3 beds 2 baths1,658 sq. ft.633 E California Boulevard #103, Pasadena, CA 91106
MLS# P1-28988Listed by: KELLER WILLIAMS REALTY - New
$639,000Active3 beds 2 baths1,097 sq. ft.1101 N Summit Avenue #1, Pasadena, CA 91103
MLS# P1-28982Listed by: COMPASS