1312 N Raymond Avenue, Pasadena, CA 91103
- $1,526,500
- 10
- BD
- 5
- BA
- 4,418
- SqFt
- Sold Price
- $1,526,500
- List Price
- $1,399,800
- Closing Date
- Apr 02, 2026
- Status
- CLOSED
- MLS#
- 26661101
- Year Built
- 1925
- Bedrooms
- 10
- Bathrooms
- 5
- Living Sq. Ft
- 4,418
- Lot Size
- 13,290
- Acres
- 0.31
- Days on Market
- 18
- Property Type
- Multifamily
- Stories
- One Level
Property Description
When an opportunity like 1312 N Raymond finally comes around, you have to explore it! The property has 5 detached bungalow style units with a great mix of four 2/1 units and one 2/2 unit on a huge 13,285 SF lot. There is a 5 car garage at the back of the lot. The big lot offers space for multiple ADU's and a garage conversion (Buyer to verify). All tenants are current. The annual gross income is $121,633 at an impressive for Pasadena 11.5 GRM and an OUTSTANDING 6.2 CAP. The market rate gross income is $165,600 at an out of this world 9.5 cap! Buy it, cash flow it, and cost seg it by accelerating the depreciation and deduct hundreds of thousands from your taxes.
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Additional Information
- Appliances
- Disposal
- Heat
- Electric
- Attached Structure
- Detached
- Number Of Units Total
- 5
Listing courtesy of Listing Agent: Aram Gaboudian (aramrealestate@gmail.com) from Listing Office: Keller Williams Los Angeles.
Listing sold by Tiancheng Tim Tan from KO TAI REALTY
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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.