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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,

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Home facts

  • Listing ID #:AR25253823
  • Added:477 day(s) ago
  • Updated:January 31, 2026 at 03:06 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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