$14,900,000

820 N Raymond Avenue, Pasadena, CA 91103

  • 36,228 sqft
  • Property Icon other
  • Property Year Built Icon Built in 1964
  • Property Lot Size Icon38.86acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $411/sqft
  • Property List Date Icon Listed 4 months ago

Property Description

THE RAYMOND VILLA, a 50-unit value-add garden style apartment investment opportunity located in the highly desirable City of Pasadena, CA. The property is within walking distance (±1mile) to Rose Bowl Area and Old Town Pasadena, and situated on a quiet tree-lined street on Raymond Ave and Painter St. This investment offers an ASSUMABLE LOAN with ±57% Loan-To-Value (LTV) at very low 2.9% interest rates fixed until October 2026 and due in 28 years (October 2051). Just by assuming the current loan and operating the building as-is, the new owner could realize a stable ±7.29% cash-on-cash return on year-1 and a whopping ±13.35% return stabilized at proforma/market rent (Buyer to Verify). The property has brand new roofs (3 out of 4 buildings), upgraded electrical panel (each unit has 100amps breaker), and the parking soft story retrofit were recently completed. The Raymond Villa is an attractive two-story garden style community that was built in 1964 with ±36,228 SF building size and situated on a large ±51,227 SF / ±1.18-acre lot size. It has excellent curb appeal with mature trees in the front and a secure entrance and gated parking. Walking into the courtyard area, tenants will enjoy a fenced swimming pool, and multiple large and manicured garden planters and courtyard area

Listing Status:
Active
Date Added:
June 20, 2025 at 05:00AM
Listing Office:
Growth Investment Group Pasade : 626-594-4900
Listing Agent:
Han Chen : 626-224-2495
MLS ID:
CRAR25139098
  • Laundry: Common AreaOther
  • Flooring: LaminateVinylWood
  • A/C: Wall/Window Unit(s)
  • Heating: Wall Furnace
  • Parking: CoveredAssignedOtherPrivate
  • HOA Amenities: 0.0
  • County: Los Angeles
  • Zoning: PSR15725011023
  • View: Mountain(s)Other

This listing courtesy of Han Chen, Growth Investment Group Pasade

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

M

Madison Elementary School

515 E Ashtabula St, Pasadena, CA, 91104

Grades PK-5

0.50 miles away

W

Washington STEAM Multilingual Academy

1505 N Marengo Ave, Pasadena, CA, 91103

Grades 6-8

0.80 miles away

J

John Muir High School

1905 Lincoln Ave, Pasadena, CA, 91103

Grades 9-12

1.41 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.