Active

425 N Raymond Avenue

Pasadena, CA 91103

$2,850,000 $12,015/Mo

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Overview

Bed

Bath

5,001

Sqft

9,905

Sqft(Lot)

Description

RAYMOND SEVEN - 425 N Raymond Ave, 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 Close to 6% CAP Rate (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 chang es, 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 ±5,001 SF building size and is situated on a ±9,902 SF lot size. It has a superb curb appeal with a large lawn and parking area in the front with the main building sits in the back part of the lot – providing extra sound barrier and privacy to tenants. It offers an attractive unit mix of four (4) x 2bed+1bath, 1 x Penthouse 1bed+1bath, and two (2) x 1bed+1bath units. The Penthouse unit occupies the entire 3rd floor with excellent view of Pasadena area. Each unit has been fully upgraded from top to bottom with brand-new everything (flooring, lighting, kitchen, and bathroom). It has in-unit laundry machines and stainless-steel kitchen appliances. Two of the 2nd floor units have private balcony, and the Penthouse has private balcony with views. Several units have large bedrooms and/or kitchens, and some units have had some upgrades which include updated vinyl wood plank/flooring. All units have smooth ceilings.

Property Details

Property Type : Residential Income

Price : $2,850,000

AD Id : 79841252

MLS Id : AR26119886

Lot Size : 9,905 Sqft

Living Area Size : 5,001

Year Built : 1947

County : Los Angeles

Map

What's Nearby

Nearby Areas

Features

Water/Sewer

Water Source: Public Sewer: Public Sewer
Interior Features

Roof: Flat Property Appliances: Dishwasher,Disposal,Gas Range,Refrigerator,Range Hood,Dryer,Washer Fireplace: None Flooring: Laminate,Wood
Cooling Features

Wall/Window Unit(s) Air Conditioning

Heating Source

Wall Furnace Has Heating

Fireplace

Fireplace Features: None Has Fireplace: 0

Building Information

Year Built: 1947 Building Area Total: 5,001 Roof: Flat
Foundation

Raised
Pool Features

None

Laundry Features

Washer Hookup,Gas Dryer Hookup

Fencing

Masonry

Lot Details

Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.2274
Lot Size Source: Assessor Lot Size Square Feet: 9905

Listing Price Information

Original List Price: 2,850,000 Listing Contract Date: 2026-06-02
Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 5725003031

Garage and Parking

Garage Description: Assigned,Asphalt,Driveway

Homeowners Association
Rental Info

Lease Term: Negotiable Tenant Pays: Electricity,Gas

Other Property Info

Source Listing Status: Active Source Neighborhood: 647 - Pasadena (SW) Postal Code Plus 4: 3707 Directions: 210 FWY exit Marengo Ave (Fair Oaks), go north from Marengo Ave and take left on Maple St and make right on Raymond Ave (1 block BEFORE Fair Oaks). Zoning: PSR1 Source Property Type: Residential Income Area: 647 - Pasadena (SW) Property SubType: Apartment
Building and Construction

Property Age: 79 Common Walls: 2+ Common Walls Structure Type: Apartment Year Built Source: Assessor Entry Level: 1 Entry Location: 1 Property Attached: Yes Levels or Stories: Two Building Total Stories: 2

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
1993 N Marengo Avenue, Pasadena, CA, 91103	$1,128,000	3	2	1,259	1,259 SqFt
1969 N Raymond Avenue, Pasadena, CA, 91103	$1,298,000	3	2	1,339	1,339 SqFt
1014 N Marengo Avenue, Pasadena, CA, 91103	$1,198,000	2	1	1,326	1,326 SqFt
1029 N Marengo Avenue, Pasadena, CA, 91103	$1,079,000	3	2	2,018	2,018 SqFt
950 N Summit Avenue, Pasadena, CA, 91103	$1,168,000	3	1	1,453	1,453 SqFt
1804 N Belmont Avenue, Pasadena, CA, 91103	$925,000	3	1	1,128	1,128 SqFt
70 W Claremont St, Pasadena, CA, 91103	$999,000	3	2	1,447	1,447 SqFt
343 W Howard Street, Pasadena, CA, 91103	$1,829,000	--	--	3,408	3,408 SqFt
823 N Orange Grove Boul.., Pasadena, CA, 91103	$2,000,000	2	2	1,228	1,228 SqFt
769 N Orange Grove Boul.., Pasadena, CA, 91103	$2,250,000	6	--	3,395	3,395 SqFt

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ByOwner last updated this listing 06/12/2026 @ 22:58

MLS: AR26119886 LISTED BY: Handoko Chen, Growth Investment Group Pasade 626-594-4900 SOURCE: CRMLS