820 N Raymond Avenue, Pasadena, CA 91103

Local realty services provided by:ERA North Orange County Real Estate
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820 N Raymond Avenue,Pasadena, CA 91103
$14,900,000
Virtual Tour
  • 3 Beds
  • 2 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by:han chen
Office:growth investment group pasade
MLS#:AR25139098
Source:SANDICOR

Price summary

  • Price:$14,900,000

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 7.29% cash-on-cash return on year-1 and a whopping 13.35% 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

  • Year built:24000
  • Listing Id #:AR25139098
  • Added:57 day(s) ago
  • Updated:August 17, 2025 at 01:57 PM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:2

Heating and cooling

  • Cooling:Wall/Window

Structure and exterior

  • Year built:24000

Finances and disclosures

  • Price:$14,900,000
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