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2047 N Raymond Ave Pasadena, CA 91103

$1,650,000 Sold Price as of 05/02/2019

8 Beds
4 Baths
5,400 Sq.Ft.

Sold

$1,650,000 Sold Price as of 05/02/2019 Refinance Your Mortgage

Map preview of 2047 N Raymond Ave, Pasadena, CA 91103

Property Overview: 2047 N Raymond Ave Pasadena, CA has 8 bedrooms, 4 bathrooms, 5,400 living square feet and 7,000 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are proud to present the rare opportunity to acquire 4 non-rent control units located at 2047 N Raymond Avenue in Pasadena, California. The offering sits on 6,999 SF of land with 5,216 SF of building area and is comprised of 4 extremely spacious 2 bedroom / 1 bathroom units. Built in 1931, The Property has gone under many renovations and additions that were completed in 2004. Renovations and additions include: new electrical wiring, new copper plumbing, new drain plumbing, new roof (on main buildings and garages, repairs made in Fall 2017), new garage doors, new ovens, new fridges, new stackable washer and dryer, new lighting and bathroom fixtures, new 40 gallon water heaters for each unit, new mailboxes, repaired hardwood floors throughout, 3 ceiling fans in each unit, 3 wall furnaces in each unit, chop blocks added to each kitchen, improved drainage, re-glazed bathtubs and kitchen sinks, added automatic sprinklers, added granite counters and stainless steel basins.

Listed by Filip Niculete | BRE #01905352 | Marcus & Millichap

Last checked: 8 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 61

Home details

Lot Sq. Ft: 7,000
HOA Dues: $0/mo
Year built: 1931
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 19438732
City: Pasadena
County: Los Angeles
Time on Site: 1376 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 4
Total # of Buildings: 1

Unit Breakdown 1

# of Units: 1
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $2,000
Total Rent: $2,000
Pro Forma/Market Rent: $2,200

Unit Breakdown 2

# of Units: 1
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $2,000
Total Rent: $2,000
Pro Forma/Market Rent: $2,200

Unit Breakdown 3

# of Units: 1
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $2,000
Total Rent: $2,000
Pro Forma/Market Rent: $2,200

Unit Breakdown 4

# of Units: 1
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $2,000
Total Rent: $2,000
Pro Forma/Market Rent: $2,200

Multi-Family Income/Expense Information

Property Income and Analysis

Cap Rate: 4.17%
Gross Rent Multiplier: 16.62
Gross Scheduled Income: --
Net Operating Income: $69,767
Gross Operating Income: $100,800
Improvements Total: $401,816

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 2047 N Raymond Ave

Interior Features

Cooling Information

Has Cooling
See Remarks

Laundry Information

Has Laundry
See Remarks

Lot Details / Garage and Parking

Parking/Garage Information

Has Parking
Parking Features: Other

Lot Information

Lot Size Source: See Remarks

Property Information

Total # of Units: 4
Parcel Number: 5836030008

Homeowners Association, Utilities, Taxes / Assessments

Homeowners Association

Is Part of Association
Association Amenities: Other

Location / Neighborhood

Location Information

Directions: E Montana St & N Raymond Ave

View more facts & features

Local Pasadena Agent

Sale History for 2047 N Raymond Ave

Last leased for $2,300 on August 5th, 2020

August, 2020
Aug 6, 2020

Date

Leased

CRMLS: WS20127475

$2,300

Price
Jul 1, 2020

Date

Active

CRMLS: WS20127475

$2,300

Price
Listing provided courtesy of CRMLS

Location, Location, Location! Move-in condition with 2 bedroom / 1 bathroom upstairs unit for rent. Laminated hardwood flooring. The unit is fully remolded with new interior paint, new flooring, new AC. washer & dryer. Pets are welcome. Trash & Water is included in utilities. Convenient location to schools, restaurants and shopping centers.

Continue Reading
May, 2020
May 3, 2020

Date

Expired

CRMLS: WS20046270

$2,300

Price
Mar 18, 2020

Date

Price Change

CRMLS: WS20046270

$2,300

Price
Mar 2, 2020

Date

Active

CRMLS: WS20046270

$2,500

Price
Listing provided courtesy of CRMLS

Location, Location, Location! Move-in condition with 2 bedroom / 1 bathroom for rent. Laminated hardwood flooring. The house is furnished with stable washer & dryer. Pets are welcome. Trash & Water is included in utilities. Convenient location to schools, restaurants and shopping centers. Due to Covid-19, 1st and 2nd month rent 50% off.

Continue Reading
February, 2020
Feb 22, 2020

Date

Expired

CRMLS: WS19284470

$2,100

Price
Dec 21, 2019

Date

Active

CRMLS: WS19284470

$2,100

Price
Listing provided courtesy of CRMLS

Location, Location, Location! Move-in condition with 2 bedroom / 1 bathroom for rent. Laminated hardwood flooring. The house is furnished with stable washer & dryer. Pets are welcome. Trash & Water is included in utilities. Convenient location to schools, restaurants and shopping centers.

Continue Reading
December, 2019
Dec 5, 2019

Date

Expired

CRMLS: WS19210632

$2,200

Price
Nov 1, 2019

Date

Price Change

CRMLS: WS19210632

$2,200

Price
Oct 30, 2019

Date

Price Change

CRMLS: WS19210632

$2,100

Price
Oct 29, 2019

Date

Price Change

CRMLS: WS19210632

$2,200

Price
Oct 10, 2019

Date

Price Change

CRMLS: WS19210632

$2,300

Price
Sep 13, 2019

Date

Price Change

CRMLS: WS19210632

$2,400

Price
Sep 5, 2019

Date

Active

CRMLS: WS19210632

$2,500

Price
Listing provided courtesy of CRMLS

Location, Location, Location! Move-in condition with 2 bedroom / 1 bathroom for rent. Laminated hardwood flooring. The house is furnished with stable washer & dryer. Pets are welcome. Trash & Water is included in utilities. Convenient location to schools, restaurants and shopping centers.

Continue Reading
May, 2019
May 2, 2019

Date

Sold

CRMLS: 19438732

$1,650,000

Price
Apr 29, 2019

Date

Pending

CRMLS: 19438732

$1,675,000

Price
Apr 8, 2019

Date

Price Change

CRMLS: 19438732

$1,675,000

Price
Feb 28, 2019

Date

Active

CRMLS: 19438732

$1,750,000

Price
May, 2019
May 2, 2019

Date

Sold (Public Records)

Public Records

$1,650,000

Price
December, 2018
Dec 19, 2018

Date

Canceled

CRMLS: 18390634

$1,899,000

Price
Oct 9, 2018

Date

Active

CRMLS: 18390634

$1,899,000

Price
Listing provided courtesy of CRMLS
April, 2004
Apr 13, 2004

Date

Sold (Public Records)

Public Records

$818,000

Price

Tax History for 2047 N Raymond Ave

Assessed Value (2020): $1,683,000

Year	Land Value	Improved Value	Assessed Value
2020	$1,173,000	$510,000	$1,683,000

Home Value Compared to the Market

This property vs the competition

2047 N Raymond Ave sold on May 2, 2019 for 39.58% higher than the current median sold price for the city of Pasadena which is $1,200,000. The median sold price per/sqft for Pasadena is $778 and this home is sold at $310.19 per/sqft which puts the price per square foot 60.13% lower than the current median sale per square foot for the city of Pasadena.

About 2047 N Raymond Ave

Detailed summary of property

2047 N Raymond Ave is a multi family that recently sold in Pasadena, CA 91103. This multi family property offered 8 bedrooms, 4 bathrooms, roughly 5,400 living square feet, and sits on an approximately 7,000 square foot lot. 2047 N Raymond Ave was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $1,650,000. Home in Pasadena are selling for a median price of $1,200,000 and a median price per square foot of $778. Based on Ardent Real Estate Group's Pasadena Market Data, this home is sold 39.58% higher than the current median priced home. Local homes that are currently for sale include 43 N Grand Oaks Ave, 35 N Grand Oaks Ave and 53 S Roosevelt Ave. While the average home in Pasadena, CA is selling in 59 days, 2047 N Raymond Ave has a days on market of 61 days. There are currently 255 homes for sale in the Pasadena real estate market and 155 of them are single family homes while 76 of them are condos and 24 are townhomes. For more information on this home for sale at 2047 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 2047 N Raymond Ave

Public county record property details

Beds: 8
Baths: 4
Year built: 1931
Sq. Ft.: 5,216
Lot Size: 6,999
Stories: --

Type: Quadruplex (4 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 10
APN: 5836-030-008

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

$1,090,000

Median List Price/Sq.Ft.

$797

Median Sold Price

$1,050,000

Median Sold Price/Sq.Ft.

$933

Total Inventory

Median Sale to List Price %

105.11%

Avg Days on Market

Loan Type

Conventional (12.5%), FHA (12.5%), VA (0%), Cash (50%), Other (25%)

Thinking of Selling?

Is this your property?
Thinking of Selling?
Call, Text or Message

(714) 706-1823

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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.