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1070 N Raymond Ave, Pasadena, CA 91103
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1070 N Raymond Ave Pasadena, CA 91103

$1,250,000 Sold Price as of 10/17/2022
  • 6 Beds
  • 6 Baths
  • 2,400 Sq.Ft.
Sold
$1,250,000 Sold Price as of 10/17/2022 Refinance Your Mortgage
Map preview of 1070 N Raymond Ave, Pasadena, CA 91103

Property Overview: 1070 N Raymond Ave Pasadena, CA has 6 bedrooms, 6 bathrooms, 2,400 living square feet and 11,257 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Wonderful investment opportunity available in Pasadena. This triplex has been completely updated in 2015-2016 and currently generates over $6,000 per month in rent! The property consists of the 3 detached units, each with 2 bedrooms and 2 bathrooms. The units have their own laundry hook ups, central AC, and tankless water heaters! The property also offers carport parking in the rear for tenants use. Conveniently located near freeways, lots of shops and restaurants!

Listed by Raffi Soualian | BRE #01887303 | JohnHart Real Estate
Co-listed by Taline Soualian | BRE #01937721 | JohnHart Real Estate
Last checked: 53 seconds ago | Last updated: October 18th, 2022 | Source CRMLS | DOM: 11

Home details

Lot Sq. Ft
11,257
HOA Dues
$0/mo
Year built
1924
Garage
--
Property Type:
Triplex
Status
Sold
MLS#
GD22197565
City
Pasadena
County
Los Angeles
Time on Site
619 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 3
  • # of Leased Units: 2
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 3
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,100
  • Total Rent: $2,100
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $2,000
  • Pro Forma/Market Rent: $2,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $78,000
  • Net Operating Income: $56,990
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $21,010
  • New Taxes: $15,400
  • Trash: $1,200
  • Insurance: $1,650
  • Water/Sewer: $2,760

Property Details for 1070 N Raymond Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Laundry Information
  • Has Laundry
  • Inside
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Assigned, Carport
Lot Information
  • Lot Features: Landscaped, Lot 10000-19999 Sqft
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 3
  • Parcel Number: 5728003005
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Hammond St
Neighborhood Information
  • Community Features: Sidewalks, Street Lights
View more facts & features

Local Pasadena Agent

Sale History for 1070 N Raymond Ave

Last sold for $1,250,000 on October 17th, 2022

  • October, 2022

  • Oct 17, 2022

    Date

    Sold

    CRMLS: GD22197565

    $1,250,000

    Price

  • Sep 8, 2022

    Date

    Active

    CRMLS: GD22197565

    $1,250,000

    Price

  • January, 2021

  • Jan 7, 2021

    Date

    Canceled

    CRMLS: SR20220434

    $1,295,000

    Price

  • Jan 4, 2021

    Date

    Price Change

    CRMLS: SR20220434

    $1,295,000

    Price

  • Dec 14, 2020

    Date

    Price Change

    CRMLS: SR20220434

    $1,294,000

    Price

  • Dec 7, 2020

    Date

    Price Change

    CRMLS: SR20220434

    $1,295,000

    Price

  • Nov 30, 2020

    Date

    Price Change

    CRMLS: SR20220434

    $1,294,000

    Price

  • Nov 23, 2020

    Date

    Price Change

    CRMLS: SR20220434

    $1,295,000

    Price

  • Nov 19, 2020

    Date

    Price Change

    CRMLS: SR20220434

    $1,294,000

    Price

  • Nov 10, 2020

    Date

    Price Change

    CRMLS: SR20220434

    $1,295,000

    Price

  • Oct 29, 2020

    Date

    Price Change

    CRMLS: SR20220434

    $1,294,000

    Price

  • Oct 19, 2020

    Date

    Active

    CRMLS: SR20220434

    $1,295,000

    Price

  • Listing provided courtesy of CRMLS

    OVER $6,000 MONTHLY INCOME - Raymond Apartments, is a 2,400 SF 3 unit (triplex) apartment building located in Pasadena, Ca. It was built in 1924/60 and renovated in 2015/16 creating a charming and highly desirable bungalow complex. With over $6,000 in monthly income, Raymond Apartments positions itself to offer an investor a stabilized triplex with flexible financing options. This well located triplex has great street visibility and finds itself located near an abundance of amenities and businesses.

  • November, 2018

  • Nov 5, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • March, 2016

  • Mar 31, 2016

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • January, 2016

  • Jan 28, 2016

    Date

    Price Change

    CRMLS: 316000862

    $2,400

    Price

  • Listing provided courtesy of CRMLS

    The property consists of 3 units. 2 of the units are already rented. The last 1 is awaiting for the special tenant. Completely remodeled, brand new kitchen, new stainless steel appliances, microwave, 2 bedroom, 2 bath, private yard, 2 parking spaces per unit, central AC, central heating, new roof, new windows, new interior and exterior paint, laundry hookups inside the unit, these units have it all. Call, text, email for an application. Ready to be viewed and moved in.

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Tax History for 1070 N Raymond Ave

Assessed Value (2020): $719,316
Year Land Value Improved Value Assessed Value
2020 $490,341 $228,975 $719,316

Home Value Compared to the Market

This property vs the competition

1070 N Raymond Ave sold on October 17, 2022 for 0% higher than the current median sold price for the city of Pasadena which is $1,250,000. The median sold price per/sqft for Pasadena is $763 and this home is sold at $520.83 per/sqft which puts the price per square foot 31.74% lower than the current median sale per square foot for the city of Pasadena.

About 1070 N Raymond Ave

Detailed summary of property

1070 N Raymond Ave is a triplex that recently sold in Pasadena, CA 91103. This triplex offered 6 bedrooms, 6 bathrooms, roughly 2,400 living square feet, and sits on an approximately 11,257 square foot lot. 1070 N Raymond Ave was first listed on ArdentRealEstateGroup.com on September 9, 2022. The homeowner sold the property for $1,250,000. Home in Pasadena are selling for a median price of $1,250,000 and a median price per square foot of $763. Based on Ardent Real Estate Group's Pasadena Market Data, this home is sold 0% higher than the current median priced home. Local homes that are currently for sale include 1461 Hepner Ave, 6445 Roble Ave and 5910 Monte Vista St. While the average home in Pasadena, CA is selling in 51 days, 1070 N Raymond Ave has a days on market of 11 days. There are currently 278 homes for sale in the Pasadena real estate market and 169 of them are single family homes while 83 of them are condos and 26 are townhomes. For more information on this home for sale at 1070 N Raymond Ave Pasadena, CA 91103 contact Ardent Real Estate Group and we will put you in touch with one of our Pasadena agents.

Public Facts for 1070 N Raymond Ave

Public county record property details
Beds
6
Baths
3
Year built
1924
Sq. Ft.
2,400
Lot Size
11,257
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
5
APN
5728-003-005

The source for these homes facts are from public records.

91103 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,049,000
Median List Price/Sq.Ft.
$784
Median Sold Price
$1,129,000
Median Sold Price/Sq.Ft.
$776
Total Inventory
45
Median Sale to List Price %
100%
Avg Days on Market
32
Loan Type
Conventional (26.67%), FHA (0%), VA (0%), Cash (33.33%), Other (26.67%)

Thinking of Selling?

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Thinking of Selling?
Call, Text or Message
(714) 706-1823

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Recently Sold Homes Near 1070 N Raymond Ave

996 N Raymond Ave, Pasadena, CA 91103
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5 Baths
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996 N Raymond Ave
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989 N Summit Ave, Pasadena, CA 91103
$1,700,000 Last Sold Price
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989 N Summit Ave
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156 E Hammond St, Pasadena, CA 91103
$773,000 Last Sold Price
4 Beds
2 Baths
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156 E Hammond St
Pasadena, CA 91103
954 N Raymond Ave, Pasadena, CA 91103
$758,185 Last Sold Price
4 Beds
2 Baths
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954 N Raymond Ave
Pasadena, CA 91103

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.

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