1509 N Raymond Ave #10 Pasadena, CA 91103

$--

20 Beds
10 Baths
8,652 Sq.Ft.

Off Market

Map preview of 1509 N Raymond Ave #10, Pasadena, CA 91103

Property Overview: 1509 N Raymond Ave #10 Pasadena, CA has 20 bedrooms, 10 bathrooms, 8,652 living square feet and 13,860 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

1509 N Raymond Ave #10 is currently an off market home in the city of Pasadena. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Pasadena has a median list price of $1,250,000. The median price per/sqft for Pasadena is $756. With those numbers in mind, if you are looking to purchase a median priced home in Pasadena, CA and put 20% down you will need to save up $250,000 for the down payment and will need roughly $25,000 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Pasadena the commission could be as much as $60,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 1509 N Raymond Ave #10

View property's historical transactions

March, 2023
Mar 30, 2023

Date

Canceled

CRMLS: PW23043490

$3,200,000

Price
Mar 15, 2023

Date

Active

CRMLS: PW23043490

$3,200,000

Price
Listing provided courtesy of CRMLS

We are pleased to present the opportunity to acquire La Wayne Apartments, a well-kept, pride of ownership 10-unit apartment building with significant upside located in North Central Pasadena. The property offers an ideal unit mix of all large 2-bedroom units with amenities such as laminate wood flooring, wall A/C and heating, and patios/balconies. The building is a gated community which features a shared laundry facility, covered parking, and a new roof which was put on in 2022. The property offers a current cap rate of 4%, 7.6% with market rents. With the largest unit delivered vacant at close of escrow and a rent increase available in 2023, an investor will have the ability to capture strong rental upside within the first year of ownership. We kindly ask prospective buyers and agents to NOT disturb the tenants.

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Tax History for 1509 N Raymond Ave #10

Assessed Value (2020): $196,510

Year	Land Value	Improved Value	Assessed Value
2020	$17,677	$178,833	$196,510

About 1509 N Raymond Ave #10

Detailed summary of property

1509 N Raymond Ave #10 is categorized with a use code of Apartment House (5+ Units) in Pasadena, CA 91103 and is currently off market. This property has 20 bedrooms, 10 bathrooms, roughly 8,652 living square feet, and sits on an approximately 13,860 square foot lot. Homes in Pasadena are selling for a median price of $1,200,000 and a median price per square foot of $781. Local nearby listings include 847 N Raymond Ave #7A, 514 W Washington Blvd and 518 W Washington Blvd. The average home in Pasadena, CA is selling in 59 days. There are currently 326 homes for sale in the Pasadena real estate market and 172 of them are single family homes while 118 of them are condos and 36 are townhomes. If you are the homeowner and looking to sell the home at 1509 N Raymond Ave #10 Pasadena, CA 91103 contact Ardent Real Estate Group and we will put you in touch with one of our Pasadena agents.

Public Facts for 1509 N Raymond Ave #10

Public county record property details

Beds: 20
Baths: 10
Year built: 1963
Sq. Ft.: 8,652
Lot Size: 13,860
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 2,18
APN: 5728-011-019

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.

$840

Median Sold Price

$1,565,000

Median Sold Price/Sq.Ft.

$696

Total Inventory

Median Sale to List Price %

130.53%

Avg Days on Market

Loan Type

Conventional (23.08%), FHA (0%), VA (0%), Cash (53.85%), Other (7.69%)

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(714) 706-1823

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