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1985 N Raymond Ave Pasadena, CA 91103

$1,200,000 Sold Price as of 03/03/2022

7 Beds
4 Baths
2,077 Sq.Ft.

Sold

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Map preview of 1985 N Raymond Ave, Pasadena, CA 91103

Property Overview: 1985 N Raymond Ave Pasadena, CA has 7 bedrooms, 4 bathrooms, 2,077 living square feet and 9,613 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Meet this charming, free standing craftsman duplex; a rare investment opportunity near La Pintoresca Park in Pasadena. It offers approximately 9,613 square feet of land and around 2,100 square feet of living space. The front unit is remodeled and offers 3 bedrooms, 2 full bathrooms, and a separate laundry room. It also boasts an open floor plan, new kitchen with a center island, quartz countertops, stainless steel appliances, new HVAC, new plumbing, new floors, crown and base moldings. The back unit is a 2 Bedroom, 1 Bathroom, plus a den and a separate laundry room. The lot offers a large 4 car carport as well as ample amount of parking on and off grounds. This investment is perfectly located adjacent to 3 major freeways, several renowned country clubs, The Rose Bowl, Old Pasadena, Downtown LA and much more.

Listed by Antranik 'Andy' Hairabedian | BRE #01900114 | The Agency
Co-listed by Karine Aslanian | BRE #01331967 | The Agency

Last checked: 5 minutes ago | Last updated: May 5th, 2022 | Source CRMLS | DOM: 19

Home details

Lot Sq. Ft: 9,613
HOA Dues: $0/mo
Year built: 1907
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 22118789
City: Pasadena
County: Los Angeles
Time on Site: 846 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 2
Total # of Buildings: 2

Unit Breakdown 1

# of Units: 1
# of Beds: 3
# of Baths: 2
Furnishing: Unfurnished
Actual Rent: $3,000
Total Rent: $3,000
Pro Forma/Market Rent: $3,300

Unit Breakdown 2

# of Units: 2
# of Beds: 2
# of Baths: 1
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: 0
Gross Scheduled Income: --
Net Operating Income: $0
Gross Operating Income: $0

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 1985 N Raymond Ave

Interior Features

Cooling Information

Has Cooling
Central Air

Heating Information

Has Heating
Central

Laundry Information

Has Laundry
Washer Included

Fireplace Information

Has Fireplace
Dining Room, Free Standing

Kitchen Information

Has Appliances
Dishwasher

Lot Details / Garage and Parking

Parking/Garage Information

# of Parking Spaces: 4
Has Parking
Parking Features: Carport

Lot Information

Lot Size Source: Assessor

Property Information

Has View
View: Canyon
Total # of Units: 2
Parcel Number: 5836029007
Architectural Style: Craftsman
Property Condition: Updated/Remodeled

Location / Neighborhood

Location Information

Directions: North on Raymond, South of Woodbury.

View more facts & features

Local Pasadena Agent

Sale History for 1985 N Raymond Ave

Last sold for $1,200,000 on March 3rd, 2022

March, 2022
Mar 3, 2022

Date

Sold

CRMLS: 22118789

$1,200,000

Price
Jan 14, 2022

Date

Active

CRMLS: 22118789

$1,099,000

Price
January, 2022
Jan 6, 2022

Date

Canceled

CRMLS: 320008411

$1,279,000

Price
Nov 18, 2021

Date

Active

CRMLS: 320008411

$1,279,000

Price
Listing provided courtesy of CRMLS

This gorgeous craftsman is a rare duplex with two free-standing residences on approximately 9,613 square feet of land. Situated on a tree lined street, this duo is located in the beautiful city of Pasadena surrounded by mature foliage. 1985 - 1987 N Raymond Ave offers a rare opportunity to own an investment property in one of Pasadena's established and coveted neighborhoods. The street-level front unit had 3 bedrooms, 2 full bathrooms, and a separate laundry room. It is completely remodeled and offers an open floor plan, new kitchen with a center island, quartz countertops, stainless steel appliances, new HVAC, new plumbing, new floors, crown and base moldings. The back unit is a 2 Bedroom, 1 Bathroom, plus it has a den and a separate laundry room. This unit will be delivered vacant at close of escrow. The large lot offers a large 4 car carport which has endless opportunities. The entire grounds have been newly paved and offers ample amount of parking on and off grounds. This investment is perfectly located adjacent to 3 major freeways, several renowned country clubs, The Rose Bowl,Old Pasadena, Downtown LA and much more.

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January, 2020
Jan 15, 2020

Date

Price Change

CRMLS: H232508

$289,900

Price
Listing provided courtesy of CRMLS

GOOD INCOME PROPERTIES, FRONT UNIT IS OCCUPIED BY FAMILY MEMMBERS AND BACK HOUSE BY THE OWNER, ALL IN GOOD CONDITIONS, TILE ROOF FRONT HOUSE A LOT OF PARKING SPACE, BRING QUALIFIED BUYERS. @@@@@@@@@@@@@@@@@

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October, 2019
Oct 31, 2019

Date

Sold (Public Records)

Public Records

$699,000

Price
October, 2002
Oct 7, 2002

Date

Sold (Public Records)

Public Records

$295,000

Price

Tax History for 1985 N Raymond Ave

Assessed Value (2020): $699,000

Year	Land Value	Improved Value	Assessed Value
2020	$419,000	$280,000	$699,000

Home Value Compared to the Market

This property vs the competition

1985 N Raymond Ave sold on March 3, 2022 for 12.08% lower 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 $529.13 per/sqft which puts the price per square foot 30.65% lower than the current median sale per square foot for the city of Pasadena.

About 1985 N Raymond Ave

Detailed summary of property

1985 N Raymond Ave is a multi family that recently sold in Pasadena, CA 91103. This multi family property offered 7 bedrooms, 4 bathrooms, roughly 2,077 living square feet, and sits on an approximately 9,613 square foot lot. 1985 N Raymond Ave was first listed on ArdentRealEstateGroup.com on January 15, 2022. The homeowner sold the property for $1,200,000. 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 12.08% lower than the current median priced home. Local homes that are currently for sale include 311 N Avenue 59, 5910 Monte Vista St and 5938 E Echo St. While the average home in Pasadena, CA is selling in 57 days, 1985 N Raymond Ave has a days on market of 19 days. There are currently 258 homes for sale in the Pasadena real estate market and 155 of them are single family homes while 75 of them are condos and 28 are townhomes. For more information on this home for sale at 1985 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 1985 N Raymond Ave

Public county record property details

Beds: 5
Baths: 3
Year built: 1907
Sq. Ft.: 2,077
Lot Size: 9,613
Stories: --

Type: Duplex (2 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 1
APN: 5836-029-007

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

$1,129,000

Median List Price/Sq.Ft.

$792

Median Sold Price

$1,129,000

Median Sold Price/Sq.Ft.

$776

Total Inventory

Median Sale to List Price %

100%

Avg Days on Market

Loan Type

Conventional (26.67%), FHA (0%), VA (0%), Cash (33.33%), Other (26.67%)

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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.