820 N Raymond Ave | Pasadena, CA 91103
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- LoopNet Team
820 N Raymond Ave
Pasadena, CA 91103
50-u Value-add near Rose Bowl, 2.8% Loan · Residential 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 | Residential | Average Occupancy | 98% |
| Property Subtype | Apartment | Number of Floors | 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 | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 1.18 AC |
| Building Size | 40,000 SF |
| Average Occupancy | 98% |
| Number of Floors | 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 | £2,977,436 |
| Land Assessment | £4,178,860 | Total Assessment | £7,156,295 |
PROPERTY TAXES
Parcel Number
5725-011-023
Land Assessment
£4,178,860
Improvements Assessment
£2,977,436
Total Assessment
£7,156,295
zoning
| Zoning Code | RM32, Pasadena |
| RM32, Pasadena |
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