Home | Los Angeles County | Pasadena | 91103 | 820 N Raymond Ave
MLS: CRAR25279872 | Status: | Price: $12,900,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 51,227 | 1964 |
THE RAYMOND VILLA, a 50-unit value-add garden style apartment investment opportunity located in the highly desirable City of Pasadena, CA. The property is within walking distance (±1mile) to Rose Bowl Area and Old Town Pasadena, and situated on a quiet tree-lined street on Raymond Ave and Painter St. This investment offers an ASSUMABLE LOAN with ±57% Loan-To-Value (LTV) at very low 2.9% interest rates fixed until October 2026 and due in 28 years (October 2051). Just by assuming the current loan and operating the building as-is, the new owner could realize a stable ±8.09% cash-on-cash return on year-1 and a whopping ±14.39% return stabilized at proforma/market rent (Buyer to Verify). The property has brand new roofs (3 out of 4 buildings), upgraded electrical panel (each unit has 100amps breaker), and the parking soft story retrofit were recently completed. The Raymond Villa is an attractive two-story garden style community that was built in 1964 with ±36,228 SF building size and situated on a large ±51,227 SF / ±1.18-acre lot size. It has excellent curb appeal with mature trees in the front and a secure entrance and gated parking. Walking into the courtyard area, tenants will enjoy a fenced swimming pool, and multiple large and manicured garden planters and courtyard are
| Field | Value |
|---|---|
| MLS # | CRAR25279872 |
| MLS Source | California Regional MLS |
| Feature | Details |
|---|---|
| Appliances | Oven Range - Gas |
| Flooring | Laminate |
| Laundry | Community Facility |
| Cooling | Window/Wall Unit |
| Heating | Wall Furnace |
| Feature | Details |
|---|---|
| Roof | Flat |
| Feature | Details |
|---|---|
| Garage/Parking | Assigned Spaces, Carport, Common Parking - Shared, Covered Parking, Gate/Door Opener, Other, Private / Exclusive, Garage: 8 Car(s) |
| HOA Fee | $0 |
Handoko Chen
Growth Investment Group Pasade
License #: 01749321
Phone: –
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 50 | – |
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This listing information is up-to-date as of January 22, 2026. For the most current information, please contact Handoko Chen.