155 North Raymond Avenue

Pasadena, CA 91103

$11,800,000
Price
Beds
21,982 Sq. Ft.
$537 / Sq. Ft.
21,982
Sq. Ft.
$537
per Sq. Ft.

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: 06/30/2024 05:15 AM

Property Details for 155 North Raymond Avenue

StatusActive
MLS #WS23214697
Days on Market246
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

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

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
DateEvent & SourcePrice

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$275,952Additions$2,636,408Total$2,912,360
Tax Record2023$46,122 ($3,844 / 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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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. 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.