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Diego Magdaleno

diego@1visionproperties.com +1(714) 376-8652

$1,799,999

Est. payment - /mo

8 Beds

5 Baths

3,418 SqFt

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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 3,418 sqft

Price per Sqft $526

MLS Listing ID 226002021

Bedrooms 8

Full Baths 5

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1930

Lot Size 6,586 Sqft

Property Description

In a market where yield matters, 637 N Raymond Ave delivers a clean, well-positioned triplex with strong in-place income and a cap rate projected above 4%. This corner-unit property is thoughtfully configured so each residence lives more like a standalone home than a multifamily unit. Distinct architectural identities create natural appeal and long-term retention: 637 N Raymond Ave (3BR/2BA) - Currently leased at $3,450/month. A classic Arts & Crafts residence with updated kitchen finishes, recessed lighting, and basement storage. Direct access to the shared courtyard enhances livability.635 N Raymond Ave (2BR/1BA) - Currently leased at $2,600/month. Recently refreshed with a bright, open layout, galley kitchen, and subtle Santa Barbara influences--arched details and light, airy interiors.639 N Raymond Ave (3BR/2BA) - Currently leased at $3,600/month. An upper-level unit with a private balcony, wrought-iron stair details, and elevated neighborhood views. Thoughtfully updated and highly rentable in its current condition.Shared Features: Tenants enjoy a central courtyard designed for everyday use, a detached laundry structure with two pairs of machines, and ample on-site parking via dual driveways--an increasingly valuable amenity in this part of the city. Separate gas and electrical meters also help streamline operations. This is a low-friction asset: stable tenants, desirable unit layouts, and a presentation that consistently attracts quality renters. The ''feels like a single-family home'' layout across all three units reduces turnover risk and supports premium rents over time. With Pasadena's steady rental demand and limited multifamily inventory, this property sits in a strong position for both immediate returns and long-term hold strategy.Opportunities like this don't circulate often--especially with this level of character, configuration, and income already in place. Don't miss your chance.

Location

State CA

County Los Angeles

Area 645 - Pasadena (Nw)

Zoning PSR1

Rooms

Other Rooms Shed(s)

Interior

Interior Features Balcony, Recessed Lighting, Galley Kitchen

Heating Central

Cooling Central Air

Flooring Wood

Fireplace No

Appliance Refrigerator

Laundry Common Area, Outside

Exterior

Parking Features Driveway, Shared Driveway, Side By Side, Uncovered

Community Features Curbs

Utilities Available Overhead Utilities

View Y/N Yes

Total Parking Spaces 8

Private Pool No

Building

Lot Description Back Yard, Corner Lot, Corners Marked, Lawn, Landscaped, Paved, Walkstreet, Yard

Story 2

Entry Level Two

Architectural Style Craftsman

Level or Stories Two

Additional Building Shed(s)

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 5725004008

Special Listing Condition Standard

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Listed by David Samuels Keller Williams Westlake Village #02219765

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637 Raymond AVE Pasadena, CA 91103