820 N Raymond Ave | Pasadena, CA 91103
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- LoopNet Team
820 N Raymond Ave
Pasadena, CA 91103
50-u near Rose Bowl, 2.9% Assumable Loan · Multifamily Property For Sale
·
50 Units
INVESTMENT HIGHLIGHTS
- Superb ASSUMABLE FINANCING (Chase) with 2.9% Interest Rates with ±57% LTV fixed - Due in 26 years (2051)
- Enjoy LOWER THAN MARKET interest rate until Oct 2028 (Buyer to verify); ±8.09% YEAR-1 CASH-ON-CASH Return with ±14.39% PROFORMA CASH-ON-CASH (Buyer
- Large lot size of 51,227 SF/±1.18ACRE, Garage parking prime for ADUs upside conversions; Each unit is large with a private patio/balcony and excellent
- 50-units Well-maintained Value-add building near Rose Bowl Area and Old Town Pasadena (±1mile)
- Parking Soft Story retrofit completed, Brand new roofs, 31 units have been updated; Excellent unit mix with more 60% are 2bedroom units
- Very well-maintained building with attractive garden areas, gated pool, 2 laundry rooms, and covered parking
PROPERTY FACTS
| No. Units | 50 | Building Size | 36,228 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Garden | Year Built/Renovated | 1964/2024 |
| 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 | 36,228 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1964/2024 |
| 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 | - | 700 - 800 |
| 2+1 | 30 | - | 900 - 1,000 |
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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