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820 N Raymond Ave
Pasadena, CA 91103
50-u Value-add near Rose Bowl, 2.8% Loan · Multifamily Property For Sale
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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 | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Garden | Year Built | 1964 |
| Building Class | C | Parking Ratio | 1.44/1,000 SF |
| Lot Size | 1.18 AC | ||
| Zoning | RM32, Pasadena | ||
| No. Units | 50 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.18 AC |
| Building Size | 40,000 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1964 |
| Parking Ratio | 1.44/1,000 SF |
| Zoning | RM32, Pasadena |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Disposal
- Ceiling Fans
- Kitchen
- Granite Countertops
- Range
- Tub/Shower
- Dining Room
- Vinyl Flooring
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Pool
- Tenant Controlled HVAC
- Walk-Up
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 | $3,818,400 |
| Land Assessment | $5,359,161 | Total Assessment | $9,177,561 |
Property Taxes
Parcel Number
5725-011-023
Land Assessment
$5,359,161
Improvements Assessment
$3,818,400
Total Assessment
$9,177,561
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