820 N Raymond Ave | Pasadena, CA 91103
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This Multifamily Property is no longer advertised on LoopNet.ca.
820 N Raymond Ave
Pasadena, CA 91103
50-u Value-add near Rose Bowl, 2.8% Loan · Multifamily Property For Sale · 50 Units
Investment Highlights
- 50-units True Value-add building nearby Rose Bowl Area and Old Town Pasadena (±1mile)
- ±5.15% YEAR-1 CASH-ON-CASH Return with 10.05% PROFORMA CASH-ON-CASH (buyer to verify)
- Excellent unit mix with more 60% are 2bedroom units; Large lot size of 51,227 SF/±1.18ACRE, City may allow additional ADUs.
- Superb ASSUMABLE FINANCING (Chase) with 2.9% Interest Rates with 50.8% LTV fixed for 3 more years (October 2026) and Due in 28 years (2051)
- ±36% Rental upside potential, First time for sale since 2007; 4 units CAN BE DELIVERED VACANT at Close of Escrow
- Each unit is large with a private patio/balcony and excellent layout, individual water heater; Separately metered for electricity (all electric)
PROPERTY FACTS
No. Units | 50 | Building Size | 40,000 SF |
Property Type | Multifamily | Average Occupancy | 98% |
Property Subtype | Apartment | No. Stories | 3 |
Apartment Style | Low Rise | Year Built | 1964 |
Building Class | C | Parking Ratio | 1.25/1,000 SF |
Lot Size | 1.18 AC |
No. Units | 50 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Building Class | C |
Lot Size | 1.18 AC |
Building Size | 40,000 SF |
Average Occupancy | 98% |
No. Stories | 3 |
Year Built | 1964 |
Parking Ratio | 1.25/1,000 SF |
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Disposal
- Ceiling Fans
- Kitchen
- Granite Countertops
- Range
- Tub/Shower
- Dining Room
- Vinyl Flooring
Site Amenities
- Laundry Facilities
- Pool
Unit Mix Information
Description | No. Units | Avg. Rent/Mo | SF |
---|---|---|---|
1+1 | 20 | - | 600 |
2+1 | 30 | - | 900 |
PROPERTY TAXES
Parcel Number | 5725-011-023 | Improvements Assessment | $5,396,673 |
Land Assessment | $7,574,282 | Total Assessment | $12,970,954 |
PROPERTY TAXES
Parcel Number
5725-011-023
Land Assessment
$7,574,282
Improvements Assessment
$5,396,673
Total Assessment
$12,970,954
zoning
Zoning Code | RM32, Pasadena |
RM32, Pasadena |
Listing ID: 28923106
Date on Market: 2023-07-05
Last Updated:
Address: 820 N Raymond Ave, Pasadena, CA 91103
The Pasadena Multifamily Property at 820 N Raymond Ave, Pasadena, CA 91103 is no longer being advertised on LoopNet.ca. Contact the broker for information on availability.
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