$11,800,000
 $63,345 est/mo Sourced by Back At You

155 N Raymond Avenue , Pasadena, CA 91103

Pasadena, CA 91103

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Description

18-Unit apartment complex with 1 Commercial Space with approximately 2,900 sf of rentable space. Motivated SELLER!!! Note on property is ASSUMABLE WITH A RATE OF 3.75% UNTIL 10/2026 or SELLER IS WILLING TO FINANCE THE DEAL WITH VERY REASONABLE RATE AND TERMS (CONTACT AGENT FOR MORE INFORMATION), contact agent for terms. Located in the heart of Old Town Pasadena this complex is just a few steps away from local eateries and bars, and also shops. The property was built in 2002 and shows pride of ownership with a well-maintained building and units. All units are approximately 900 sf is size and are all 2 bedrooms and 2 bathrooms and come with their own laundry units. There are a total of 29 surface and subterranean parking with 2 handicapped spaces. Situated in the heart of Old Town Pasadena, with a lot of 9,028 square feet. The property is located just 11.3 miles from Downtown Los Angeles and within 2 miles of three top major colleges Art Center College of Design, California Institute of Technology, and Pasadena City College. The property is also located 0.3 miles from the Parsons Corporation and 0.5 miles to Pasadena City Hall and approximately 4.6 miles to JPL. Across the street are Pasadena Memorial Park and the Memorial Park Metro Gold Line Station making an easy commute for those working in Downtown Los Angeles. Offered at a 3.90% Pro-Forma CAP rate and 15.52 Pro-Forma GRM, there is upside potential with below-market rents. These units are easy to rent due to their prime location and well-kept units. The property has very stable and long-term tenants in place.

Details

MLS#WS23214697
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusActive
Year2002
Days On Site444
Listing Provided ByREALIV 626-618-8286 | KEVIN KWAN

Features

SQ Feet21,982
Story(s)4
Units21
Building(s)1
Acreage0.21

Market Activity 91103

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.

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Learn More About This Property

StateCA
CountyLos Angeles
CityPasadena
Zip Code91103
Area647 Pasadena (SW)
Listing VS Median (in 91103)
Price:
$11,800,000
low | high
Med:
$1,148,500
100% of Average
SqFt:
21,982
low | high
Med:
2,005
100% of Average
$ / SqFt:
$537
low | high
Med:
$649
29.152875569434% of Average
On Site:
444
low | high
Med:
84.000000
100% of Average
Sourced by Back At You
Listing Updated: January 13, 2025 at 8:56:03 PM PST
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