637 N Raymond Avenue, Pasadena, CA 91103
Local realty services provided by:CENTURY 21 Valley Properties
Listed by: david samuels
Office: keller williams westlake village805-777-7777
MLS#:226002022
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 multi-unit property. 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.Shared Features: Tenants enjoy a central courtyard designed for everyday use, a detached laundry structure with two pairs of machines, 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. This is a low-friction asset: stable tenants, desirable unit layouts, and a presentation that consistently attracts quality renters. The ''feels like a home'' layout across all three units reduces turnover risk and supports premium rents over time. With Pasadena's steady rental demand and limited 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, and income already in place. Don't miss your chance....
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Home facts
- Year built:1930
- Listing ID #:226002022
- Added:1 day(s) ago
- Updated:May 02, 2026 at 01:37 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
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