425 N Raymond, Pasadena, CA 91103
Local realty services provided by:CENTURY 21 Affiliated
425 N Raymond,Pasadena, CA 91103
$2,850,000
- 4 Beds
- 3 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: handoko chen
Office: growth investment group pasade
MLS#:AR25253823
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 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 repair, exterior painting, landscaping, new windows, structural and foundation support, and all units upgraded. The building is fully occupied with market rate tenants and providing excellent rental income close to market. The property is in a quiet and mature residential area surrounded by SFR houses across the street and duplex/fourplex on each side. It is only 2 blocks north of the Old Town Pasadena and minutes away from most of the major attractions in the City of Pasadena including Rose Bowl area. FWY 210 and FWY 134 is less than a minute away from the property. The property was built in 1947, has
Contact an agent
Home facts
- Listing ID #:AR25253823
- Added:434 day(s) ago
- Updated:December 18, 2025 at 10:16 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:3
Heating and cooling
- Cooling:Wall/Window
Finances and disclosures
- Price:$2,850,000
New listings near 425 N Raymond
- New
$1,288,000Active3 beds 5 baths1,964 sq. ft.985 N Michillinda Avenue #207, Pasadena, CA 91107
MLS# P1-25224Listed by: REMAX DREAM PROPERTIES - New
$1,288,000Active3 beds 5 baths1,964 sq. ft.985 N Michillinda Avenue #207, Pasadena, CA 91107
MLS# P1-25224Listed by: REMAX DREAM PROPERTIES - Open Sat, 1 to 4pmNew
$959,000Active2 beds 1 baths1,419 sq. ft.484 N Sierra Madre Boulevard, Pasadena, CA 91107
MLS# 225005742Listed by: KELLER WILLIAMS WESTLAKE VILLAGE - New
$898,800Active1 beds 1 baths744 sq. ft.709 E Walnut Street #315, Pasadena, CA 91101
MLS# AR25270391Listed by: PINNACLE REAL ESTATE GROUP - Open Sat, 11am to 3pmNew
$2,680,000Active3 beds 2 baths1,867 sq. ft.2976 Lombardy Rd, Pasadena, CA 91107
MLS# AR25277212Listed by: IRN REALTY - New
$3,680,000Active4 beds 3 baths3,443 sq. ft.2964 Lombardy Rd, Pasadena, CA 91107
MLS# AR25277217Listed by: IRN REALTY - Open Sat, 2 to 4pmNew
$898,000Active3 beds 3 baths1,432 sq. ft.2441 Loma Vista, Pasadena, CA 91104
MLS# WS25275948Listed by: RE/MAX PREMIER/ARCADIA - Open Sat, 1 to 3pmNew
$950,000Active2 beds 1 baths1,064 sq. ft.1437 N Sierra Bonita Avenue, Pasadena, CA 91104
MLS# GD25277000Listed by: MARKARIAN REALTY - Open Sat, 1 to 3pmNew
$1,400,000Active3 beds 2 baths1,373 sq. ft.1221 Wesley Avenue, Pasadena, CA 91104
MLS# GD25269983Listed by: JOHNHART REAL ESTATE - New
$898,800Active1 beds 1 baths744 sq. ft.709 E Walnut Street #315, Pasadena, CA 91101
MLS# AR25270391Listed by: PINNACLE REAL ESTATE GROUP