$2,850,000
425 N Raymond Avenue, Pasadena CA 91103
Multi-Family (7 Units)
Property type
3 days
On market
$570
Price per sqft
0 cars
Garage
1947
Year built
9,905 sqft
Lot size
Home highlights
Open Houses
Overview
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),...
Listing provided by: Handoko Chen DRE #01749321, Growth Investment Group Pasade
Listing updated: Jun 2, 2026 at 08:57pm.
Last checked: Jun 2, 2026 at 09:30pm
Source: CRMLS #AR26119886
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 4 | 2 | 1 | — | $2,775 | $11,100 | $12,000 | Unfurnished |
| 1 | 1 | 1 | — | $2,500 | $2,500 | $3,100 | Unfurnished |
| 2 | 1 | 1 | — | $2,575 | $5,150 | $5,200 | Unfurnished |
# of Buildings: 1
# of Units Total: 7
Separate Electric Meters: 8
Separate Gas Meters: 8
Separate Water Meters: 1
Dishwasher: 7
Disposal: 7
Ranges: 7
Refrigerator: 7
Rent Control: Yes
Units Leased: 7
Total Actual Rent: $18,750
Tenant Pays: Electricity, Gas
Financial Snapshot
Gross Rent Multiplier
12.5x
List Price / Annual Gross Rent
Cap Rate
5.8%
NOI / List Price
Gross Scheduled Income: $227,400
Vacancy Allowance: $4,548
Operating Expense: $57,681
Net Operating Income: $165,171
Annual Operating Expenses
Electric: $3,209
Gardener: $1,200
Fuel: $1,200
Insurance: $7,809
Maintenance: $1,995
New Taxes: $31,058
Professional Management: $0
Trash: $5,400
Water / Sewer: $2,488
Interior
Flooring: Laminate, Wood
Cooling: Wall Window Units
Heating: Wall Furnace
Appliances: Dishwasher, Disposal, Gas Range, Refrigerator, Range Hood, Dryer, Washer
Fireplace: None
Laundry: Washer Hookup, Gas Dryer Hookup, Dryer Included, Washer Included
Entry Location: 1
Exterior
Architectural Style: Mid Century Modern
Property Attached: Yes
Stories Total: 2
Levels: Two
Roof: Flat
Foundation: Raised
Common Walls: Two Common Walls Or More
Direction Faces: East
Lot Features: Lawn, Landscaped, Level, Near Park, Near Public Transit, Rectangular Lot, Street Level
Pool: None
Spa: None
Fencing: Masonry
Water Source: Public
Sewer: Public Sewer
Electric: Standard
Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
View: City Lights
Road Frontage Type: City Street
Road Surface Type: Paved
Garage and Parking
Parking: Assigned, Asphalt, Driveway
Garage Spaces: 0
Uncovered Spaces: 9
Carport Spaces: 0
Parking Total: 9
Lot Information
Land Lease: No
Common Interest: CommunityApartment
Parcel #: 5725003031
Additional Parcels: No
Tax Lot: 15
Zoning: PSR1
Tax Block: D
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Suburban, Valley, Park
Nearby Schools
Nearby schools around the 425 N Raymond Avenue, Pasadena, CA 91103. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$2,280,000
Total Interest
$2,908,014
Total Payment
$5,188,014
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$17,530
per month
Property History for 425 N Raymond Avenue
Pasadena Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 91103.
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