155 N Raymond AVE

PASADENA, CA, 91103

$13,800,000

$627 per ft²
$13,800,000
$627 per ft²
Active
Active
 - For Sale
beds
20 Beds
baths
20 Baths
carpenters-square
21,982 ft²
property_type
Multi-family
calendar
Built 2002
18-Unit apartment complex with 1 Commercial Space with approximately 2,900 sf of rentable space. 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 3.78% Pro-Forma CAP rate and 16.86 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.
MLS® ID:
WS23004363MR
Listed:
1/9/23
Updated:
2/5/23
Sotheby's International Realty
Gina Valona

Interior Features

Total Bedrooms
20
Total Bathrooms
20
Laundry Description
Inside

Exterior/Building Features

Lot Size
9,028 ft² lot
Sewer
Public Sewer

Other Property Details

Garage
Yes
Garage Spaces
29
Parking
Assigned
Parking Total
29.0
View
N
County
Los Angeles
Water Source
Private
Pool
No
Pool Description
None

Courtesy of CENTURY 21 CRISTAL CELLAR, KEVIN KWAN,
Listing Contact:  

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Gina Valona shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2023 Combined L.A./Westside MLS. All rights reserved.

Data last updated 2/5/23

Sotheby's International Realty
Gina Valona
Contact