425 N Raymond AVE Pasadena, CA 91103
UPDATED:
10/10/2024 08:37 PM
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 5,001 sqft
Price per Sqft $652
MLS Listing ID AR24210715
Construction Status Updated/Remodeled,Turnkey
HOA Y/N No
Year Built 1947
Lot Size 9,905 Sqft
Property Description
Current owner has spent enormous time and capital in fully upgrading the building including replacing the mechanical, electrical, plumbing, and roof. They have upgraded the building with new railings, stucco changes, stairway & walkway repair, exterior painting, landscaping, new windows, structural and foundation support, and all units upgraded. The building is fully occupied with market rate tenants and providing excellent rental income close to market.
The property is in a quiet and mature residential area surrounded by SFR houses across the street and duplex/fourplex on each side. It is only 2 blocks north of the Old Town Pasadena and minutes away from most of the major attractions in the City of Pasadena including Rose Bowl area. FWY 210 and FWY 134 is less than a minute away from the property. The property was built in 1947, has �5,001 SF building size and is situated on a �9,902 SF lot size.
It has a superb curb appeal with a large lawn and parking area in the front with the main building sits in the back part of the lot ? providing extra sound barrier and privacy to tenants. It offers an attractive unit mix of four (4) x 2bed+1bath, 1 x Penthouse 1bed+1bath, and two (2) x 1bed+1bath units. The Penthouse unit occupies the entire 3rd floor with excellent view of Pasadena area.
Each unit has been fully upgraded from top to bottom with brand-new everything (flooring, lighting, kitchen, and bathroom). It has in-unit laundry machines and stainless-steel kitchen appliances. Two of the 2nd floor units have private balcony, and the Penthouse has private balcony with views. Several units have large bedrooms and/or kitchens, and some units have had some upgrades which include updated vinyl wood plank/flooring. All units have smooth ceilings. The property is separately metered for electricity and serviced by a master water heater. Parking is provided by an open space parking in front.
Location
State CA
County Los Angeles
Area 647 - Pasadena (Sw)
Zoning PSR1
Rooms
Ensuite Laundry Inside
Interior
Interior Features Balcony
Laundry Location Inside
Heating ENERGY STAR Qualified Equipment, High Efficiency, Wall Furnace
Cooling High Efficiency, Wall/Window Unit(s)
Flooring Vinyl, Wood
Fireplaces Type None
Fireplace No
Appliance Dishwasher, Gas Range, Microwave, Refrigerator, Dryer, Washer
Laundry Inside
Exterior
Garage Asphalt, Driveway
Pool None
Community Features Suburban, Valley
Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Roof Type Flat
Accessibility None
Parking Type Asphalt, Driveway
Total Parking Spaces 9
Private Pool No
Building
Lot Description Lawn, Landscaped, Level, Near Public Transit, Rectangular Lot, Street Level
Faces East
Story 3
Entry Level Three Or More
Foundation Raised
Sewer Public Sewer
Water Public
Architectural Style Mid-Century Modern
Level or Stories Three Or More
New Construction No
Construction Status Updated/Remodeled,Turnkey
Others
Senior Community No
Tax ID 5725003031
Energy Description 2000.0
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
Lease Land Yes
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