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425 N Raymond Ave
Pasadena, CA 91103

$3,265,000 USD

Apartments For Sale • 5,001 SF

Property Details

Property Type Apartments
Total Building Size 5,001 SF
Lot Size 0.23 AC
Building Class C
Year Built 1947
Zoning PSR-1

70 Transit Score

90 Walk Score

                
                    Highlights
                
                                Offered at an attractive 5.35% CAP Rate and low 13.88x GRM – Lower DP, over 5% Cash-on-cash return; Excellent cashflow without doing renovation work
                            
                                HIGH Cash-Flow and High-Income Turnkey apartments only 2 blocks away from Old Town Pasadena; Walk Score 87, Bike Score 98
                            
                                All units leased at market rent providing future turnover and avoiding a “forever” tenant
                            
                                MEP (Mechanical, Electrical, and Plumbing) updated + New Roof, Foundation has been strengthened
                            
                                Very attractive TURNKEY Garden style apartment with excellent curb appeal and no known deferred maintenance
                            
                                Top to Bottom Renovations of the building and each unit have been completed; All Units have been fully upgraded!

Property Flyers

Flyer-425NRaymondAve

Amenities

Air Conditioning
Balcony
Cable Ready
Dishwasher
Disposal
Washer/Dryer
Ceiling Fans

Public Transportation

Commuter Rail	Drive	Walk	Distance
Glendale (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink))	11 min	-	8.9 mi
Transit/Subway	Drive	Walk	Distance
Memorial Park Station (Gold Line - Los Angeles County Metropolitan Transportation Authority (Metro))	2 min	12 min	0.6 mi
Airport	Drive	Walk	Distance
Bob Hope	22 min	-	16.4 mi
Los Angeles International	40 min	-	25.2 mi
Long Beach (Daugherty Field)	41 min	-	26.4 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	10
Type:	Surface
Included in Rent:	Yes

Han Widjaja-Chen 626-594-4900 Growth Investment Group California

425 N Raymond Ave Pasadena, CA 91103