155 North Raymond Avenue
$11,800,000
—
21,982
21,982
$537
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...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.
- Listed by KEVIN KWAN • DRE #01488390 • REALIV • 626-272-2365
Property Details for 155 North Raymond Avenue
Total Units
21.0
Lot Size SourceAssessor
Building Area Total21982
Building Area UnitsSquare Feet
Stories Total4
Entry Level1
Parcel Number5723021017
AreaPasadena SW (647)
LISTING UPDATED: 11/27/2024 07:26 AM
Property Details for 155 North Raymond Avenue
Status | Active |
---|---|
MLS # | WS23214697 |
Days on Market | 378 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Commercial Sale / Multi Family |
Year Built | 2002 |
Lot Size | 0.21 AC / 9,028 SF |
County | Los Angeles County |
Building Information for 155 North Raymond Avenue
Stories4Residences-Year Built2002Building Size-Lot Size0.21 AC / 9,028 SF
Property Information for 155 North Raymond Avenue
Property History for 155 North Raymond Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 155 North Raymond Avenue
Taxable ValueLand$281,471Additions$2,688,311Total$2,969,782
Tax Record2024$46,789 ($3,899 / month)
Home Facts
Total Finished SqFt21,982 SqFtAbove Grade Finished SqFt21,982 SqFtStories1Lot Size9,028 SqFtStyleOffice BuildingYear Built2002ZoningPSC-CountyLOS ANGELESAPN5723-021-017
Schools near 155 North Raymond Avenue
This home is within Pasadena Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 8 | |||
Public - | 6 to 12 | |||
Public - | 9 to 12 | |||
Charter - | K to 8 |
Rating | School | Distance |
---|---|---|
McKinley School PublicK to 8 | ||
Blair High School Public6 to 12 | ||
Rose City High (Continuation) School Public9 to 12 | ||
Odyssey Charter School - South CharterK to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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