Active

637 Raymond Avenue

Pasadena, CA 91103

$1,799,999 $7,588/Mo

Get Pre-Approved Check your credit

Overview

Bed

Bath

3,418

Sqft

6,587

Sqft(Lot)

Description

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 multifamily unit.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.63 9 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, with beautifully refinished hardwood flooring that enhances its charm and appeal.Shared Features: Tenants enjoy a central courtyard designed for everyday use, a detached laundry structure equipped with newer washers and dryers, 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.Beyond its strong income profile, the property has benefited from substantial capital improvements over the past eight years. Ownership has invested heavily in the long-term condition and desirability of the asset, including the installation of central air conditioning in all three units, comprehensive kitchen and bathroom renovations throughout, interior and exterior repainting, upgraded recessed lighting, driveway improvements, roof flashing updates, and extensive landscaping enhancements. Recent exterior upgrades include a mature privet hedge along the Peoria frontage and an attractive planter feature at the Raymond Avenue corner, creating strong curb appeal from multiple vantage points. In 2026, the property's ductwork was professionally cleaned throughout, further supporting tenant comfort and system efficiency.This is a low-friction asset: stable tenants, desirable unit layouts, and a presentation that consistently attracts quality renters. The 'feels like a single home' layout across all three units reduces turnover risk and supports premium rents over time. With Pasadena's steady rental demand and limited multifamily 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, recent investment, and income already in place. Don't miss your chance.

Property Details

Property Type : Residential Income

Price : $1,799,999

AD Id : 77881612

MLS Id : 226002021

Beds : 8

Lot Size : 6,587 Sqft

Living Area Size : 3,418

Year Built : 1930

County : Los Angeles

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total Bedrooms: 8

Bathroom Information

Total Baths: 5 Full Baths: 5 Half Baths: 0
Interior Features

Interior Features: Balcony,Recessed Lighting,Galley Kitchen Windows: Double Pane Windows Property Appliances: Refrigerator Flooring: Wood
Cooling Features

Central Air Air Conditioning

Heating Source

Central Has Heating

Fireplace

Has Fireplace: 0

Building Information

Year Built: 1930
Laundry Features

Common Area,Outside

Lot Details

Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1512
Lot Size Source: Public Records Lot Size Square Feet: 6587

Listing Price Information

Original List Price: 1,799,999 Listing Contract Date: 2026-05-01

Tax Information

Parcel Number: 5725004008

Garage and Parking

Garage Description: Driveway,Shared Driveway,Side By Side,Uncovered

Homeowners Association
Rental Info

Lease Term: Negotiable Tenant Pays: Cable TV,Electricity,Gas

Other Property Info

Source Listing Status: Active Source Neighborhood: 645 - Pasadena (NW) Postal Code Plus 4: 3436 Zoning: PSR1 Source Property Type: Residential Income Area: 645 - Pasadena (NW)
Building and Construction

Property Age: 96 Common Walls: No Common Walls Property Condition: Updated/Remodeled Year Built Source: Assessor Total Square Feet Living: 3418 Entry Location: Main Level,Top Level Levels or Stories: Two Building Total Stories: 2

Sell a home like this and save $107,501 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Loading, please wait...

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
2070 El Sereno, Pasadena, CA, 91103	$1,290,000	3	1	1,791	1,791 SqFt
1014 N Marengo Avenue, Pasadena, CA, 91103	$1,198,000	2	1	1,326	1,326 SqFt
1944 El Sereno Avenue, Pasadena, CA, 91103	$1,240,200	5	2	2,518	2,518 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
637 N Raymond Avenue, Pasadena, CA, 91103	$1,799,999	8	5	3,418	3,418 SqFt

Similar Homes To 637 Raymond Avenue

Nearby For Sale

$2,250,000

Home For Sale

769 N Orange Grove Boulevard,
Pasadena, CA, 91103

Bed

Sqft

Sqft(Lot)

395 N Holliston Avenue,
Pasadena, CA, 91106

Bed

Bath

Sqft

Sqft(Lot)

468 Glen Holly Drive,
Pasadena, CA, 91105

Bed

Bath

Sqft

Sqft(Lot)

425 Anita Drive,
Pasadena, CA, 91105

Bed

Bath

Sqft

Sqft(Lot)

209 Carlton,
Pasadena, CA, 91103

Bed

Bath

3,314

Sqft

11,986

Sqft(Lot)

Copyright © 2026 by the Multiple Listing Service of the California Regional MLS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the California Regional MLS®. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.

ByOwner last updated this listing 06/06/2026 @ 18:04

MLS: 226002021 LISTED BY: David Samuels, Keller Williams Westlake Village 805-777-7777 SOURCE: CRMLS