155 N Raymond Ave

Pasadena, CA 91103

$11,800,000
Price
—
Beds
—
Baths
21,982 Sq. Ft.
$537 / Sq. Ft.
21,982
Sq. Ft.
$537
per Sq. Ft.
a view of a building with street
a view of a building with a street
a view of a large building with a terrace view
a view of a city
a view of a balcony deck
a view of a building with a window
a view of a building with a street
an aerial view of residential building with parking space
a view of building with an outdoor space
a view of path along with seating space
unknown
a view of a dining room with furniture
a view of a chairs and table in a room
a room with lots of wooden furniture
a view of a room with racks
a view of a storage room with a lot of stuff
a view of parking space with parked cars
a view of parking garage with cars
a view of parking garage with cars
a car parked in parking
a close up of a street sign
a front view of a house with a flower garden
a view of a patio with a table and chairs under an umbrella
a view of balcony with a ocean
a view of a kitchen with a sink and a fireplace
an empty room with closet area
a view of an empty room with a fireplace and a window
an empty room with windows
a utility room with dryer and washer
a view of a kitchen with stainless steel appliances a sink and a large window
a kitchen with stainless steel appliances granite countertop a sink stove and cabinets
a view of a kitchen with granite countertop a sink and dishwasher with a fireplace
a kitchen with granite countertop a refrigerator and a stove
a view of an empty room
a bathroom with a sink a toilet and shower
an empty room with a window
a view of an empty room
a bathroom with a granite countertop sink toilet a mirror and shower
an empty room with a window
a view of balcony with furniture
an aerial view of residential house and sandy dunes
an aerial view of residential houses with outdoor space
an aerial view of residential building with parking space
an aerial view of a city
an aerial view of multiple house
a view of a city
a sign on the side of the building
a view of a building along the street
a view of a brick building with many windows
a city view

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.
  1. Listed by KEVIN KWAN • DRE #01488390 • REALIV • 626-272-2365

Property Details for 155 North Raymond Avenue

Total Units
21.0
Lot Size Source
Assessor
Building Area Total
21982
Building Area Units
Square Feet
Stories Total
4
Entry Level
1
Parcel Number
5723021017
Area
Pasadena SW (647)
LISTING UPDATED: 10/31/2025 12:07 PM

Property Details for 155 North Raymond Avenue

StatusActive
MLS #WS23214697
Days on Market747
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial Sale / Multi Family
Year Built2002
Lot Size0.21 AC / 9,028 SF
CountyLos Angeles County

Location

Listing Courtesy of REALIV, KEVIN KWAN, DRE #01488390
Add your commute

Building Information for 155 North Raymond Avenue

Stories4Residences-Year Built2002Building Size-Lot Size0.21 AC / 9,028 SF

Payment Calculator

$62,398 per month

30 year fixed, 6.28% Interest

Principal and Interest

$58,308

Property Taxes

$4,090

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 155 North Raymond Avenue

Income / Expense / Tax Details
Income Details
  • Gross Scheduled Income: $611,877
  • Vacancy Allowance Rate: 3
  • Net Operating Income: $304,956
  • Other Income 1: $6,780
Expense Details
  • Operating Expense: $288,691
  • Expense Year: $2,022
  • Electric Expense: $10,605
  • Insurance Expense: $18,193
  • Professional Management Expense: $30,255
  • Other Expense: $66,067
  • Trash Expense: $3,765
  • Water Sewer Expense: $8,587
  • Total Expenses: $288,564
Tax / Assessment Info
  • Tax Annual Amount: $147,200
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Inside
Land/Lot Info
  • Lot Features: Park Nearby, Walkstreet
  • Land Lease: No
  • Water Source: Private
Property / Structure Info
  • Building Status: Existing
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 8
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $9,914
  • Unit Type Total Rent: $9,190
  • Unit Type Pro Forma: 10000
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,450
  • Unit Type Total Rent: $1,995
  • Unit Type Pro Forma: 3200
  • Unit Type Type: 10
Unit 3
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,258
  • Unit Type Total Rent: $452
  • Unit Type Pro Forma: 3200
  • Unit Type Type: 11
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Actual Rent: $474
  • Unit Type Type: 12
  • Unit Type Description: Onsite Manager Unit
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,678
  • Unit Type Total Rent: $2,550
  • Unit Type Pro Forma: 3200
  • Unit Type Type: 2
Unit 6
  • Unit Type Units Total: 3
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,468
  • Unit Type Total Rent: $4,900
  • Unit Type Pro Forma: 6400
  • Unit Type Type: 3
Unit 7
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 6
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,785
  • Unit Type Total Rent: $7,050
  • Unit Type Pro Forma: 9600
  • Unit Type Type: 4
Unit 8
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,258
  • Unit Type Total Rent: $4,500
  • Unit Type Pro Forma: 6400
  • Unit Type Type: 5
Unit 9
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 5
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,573
  • Unit Type Total Rent: $10,750
  • Unit Type Pro Forma: 16000
  • Unit Type Type: 6
Unit 10
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,205
  • Unit Type Total Rent: $2,100
  • Unit Type Pro Forma: 3200
  • Unit Type Type: 7
Unit 11
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,166
  • Unit Type Total Rent: $2,063
  • Unit Type Pro Forma: 3200
  • Unit Type Type: 8
Unit 12
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,363
  • Unit Type Total Rent: $2,050
  • Unit Type Pro Forma: 3200
  • Unit Type Type: 9
Unit Information
  • Number Of Units Leased: 19
  • Number Of Buildings: 1

Property History for 155 North Raymond Avenue

DateEvent & SourcePriceAppreciation
Mar 26, 2024

Price Change

CRMLS #WS23214697

$11,800,000—
Nov 20, 2023

Listed (Active)

CRMLS #WS23214697

$12,800,000—
Aug 22, 2023

Expired

CRMLS #WS23004363

$13,800,000—
Aug 21, 2023

Listed (Active)

CRMLS #WS23004363

—
Jul 31, 2023

Expired

CLAW #WS23004363MR

$13,800,000—
Jul 31, 2023

Expired

SDMLS #WS23004363

—
Jul 18, 2023

Pending

CRMLS #WS23004363

—
Jul 13, 2023

Pending

SDMLS #WS23004363

—
Jul 13, 2023

Pending

CLAW #WS23004363MR

—
Jan 10, 2023

Listed (Active)

SDMLS #WS23004363

$13,800,000—
Jan 10, 2023

Listed (Active)

CRMLS #WS23004363

$13,800,000—
Jan 10, 2023

Listed (Active)

CLAW #WS23004363MR

$13,800,000—
DateEvent & SourcePrice
03/26/2024

Price Change

CRMLS #WS23214697

$11,800,000
11/20/2023

Listed (Active)

CRMLS #WS23214697

$12,800,000
08/22/2023

Expired

CRMLS #WS23004363

$13,800,000
08/21/2023

Listed (Active)

CRMLS #WS23004363

—
07/31/2023

Expired

CLAW #WS23004363MR

$13,800,000
07/31/2023

Expired

SDMLS #WS23004363

—
07/18/2023

Pending

CRMLS #WS23004363

—
07/13/2023

Pending

SDMLS #WS23004363

—
07/13/2023

Pending

CLAW #WS23004363MR

—
01/10/2023

Listed (Active)

SDMLS #WS23004363

$13,800,000
01/10/2023

Listed (Active)

CRMLS #WS23004363

$13,800,000
01/10/2023

Listed (Active)

CLAW #WS23004363MR

$13,800,000

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$287,100Additions$2,741,252Total$3,028,352
Tax Record2025$49,085 ($4,090 / 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
McKinley School
Public - K to 8
Blair High School
Public - 6 to 12
Rose City High (Continuation) School
Public - 9 to 12
Odyssey Charter School - South
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.

Similar Homes

Similar Sold Homes

Explore Nearby Homes

More information about 155 North Raymond Avenue, Pasadena, CA 91103

155 North Raymond Avenue is a multi-family home for sale in Pasadena, CA 91103. This property was listed for sale on November 20, 2023 by REALIV, it's currently listed at $11,800,000. This listing's school district is Pasadena Unified School District. Nearby schools include McKinley School, Blair High School and Rose City High (Continuation) School. 155 North Raymond Avenue is a 0-bed, 0-bath, 21,982 sqft multi-family home built in 2002.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of REALIV, KEVIN KWAN, DRE #01488390

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.