CA > Pasadena
Pasadena, CA 91103,425 N Raymond AVE
Pasadena, CA 91103,425 N Raymond AVE
Pasadena, CA 91103,425 N Raymond AVE
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Sharad Gupta

Sharad Gupta

+1(408) 401-1003
$3,265,000
Est. payment /mo
9,905 Sqft Lot
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UPDATED:

01/06/2025 10:48 PM

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRAR24210715

Originating Board California Regional MLS

Year Built 1947

Lot Size 9,905 Sqft

Property Description

RAYMOND SEVEN, a 7-unit Turnkey 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 5.32% CAP Rate and low 13.88x GRM, this offering provides an excellent Cash-on-cash return (over 5%) on a full Turnkey building where 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

Location

State CA

County Los Angeles

Area 647 - Pasadena (Sw)

Rooms

Kitchen Dishwasher, Microwave, Oven Range - Gas, Refrigerator

Interior

Heating Other, Wall Furnace

Cooling Other, Window / Wall Unit

Laundry Other, Washer, Washer/Dryer - Owned, Dryer

Exterior

Parking Features Other

Garage Spaces 9.0

Pool 31, None

Roof Type Flat / Low Pitch

Building

Lot Description Grade - Level

Story Three or More Stories

Foundation Raised

Water District - Public

Others

Tax ID 5725003031

Special Listing Condition Not Applicable

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Listed by Han Chen • Growth Investment Group Pasade

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agent
Sharad Gupta

Broker | License ID: 02213637

+1(408) 401-1003

5201 Great America Pkwy, Santa Clara, CA, 95054, USA

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