Listed by KEVIN KWAN, CENTURY 21 CRISTAL CELLAR,

155 N Raymond Avenue

Pasadena, CA, 91103

$13,800,000

$627 per ft²
$13,800,000
$627 per ft²
Active
Active
 - For Sale
carpenters-square
21,982 ft²
property_type
Multi-family
calendar
Built 2002
18-Unit apartment complex with 1 Commercial Space with approximately 2,900 sf of rentable space. 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 3.78% Pro-Forma CAP rate and 16.86 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.
MLS® ID:
WS23004363
Listed:
1/9/23
Updated:
1/29/23

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Laundry Description
Inside

Exterior/Building Features

Lot Size
9,028 ft² lot
Lot Details
Near Park, Walkstreet
Sewer
Public Sewer

Other Property Details

Area Name
647 - Pasadena (SW)
Association Amenities
Sidewalks, Urban, Park
Garage
Yes
Garage Spaces
29
Parking
Assigned, See Remarks
Parking Total
29.0
View
N
County
Los Angeles
Water Source
Private
Pool
No
Pool Description
None
Buyer Agency Compensation
1.750

Listed by CENTURY 21 CRISTAL CELLAR, KEVIN KWAN,
Listing Contact: 626-272-2365 

Based on information from California Regional Multiple Listing Service, Inc. as of 1/29/23. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing.  Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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Data last updated 3:46 PM UTC, 1/29/23

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