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759 N Raymond Ave, Pasadena, CA 91103
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759 N Raymond Ave Pasadena, CA 91103

$1,050,000 Sold Price as of 08/21/2019
  • 4 Beds
  • 5 Baths
  • 2,991 Sq.Ft.
Sold
$1,050,000 Sold Price as of 08/21/2019 Refinance Your Mortgage
Map preview of 759 N Raymond Ave, Pasadena, CA 91103

Property Overview: 759 N Raymond Ave Pasadena, CA has 4 bedrooms, 5 bathrooms, 2,991 living square feet and 9,261 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are proud to present this 5 unit, non-rent control property located at 759 N Raymond Avenue in Pasadena, California. The offering sits on 9,261 SF of land with 2,991 SF of building area and is comprised of One- Studio/1 Bath, Three- 1 Bed/1 Bath, and One- 1 Bed/1 Bath House with and Attic. The Property offers street parking in front and ample on-site parking with alley access from the back. Well situated, The Offering is a mile and a half away from the Rose Bowl and less than a mile from Old Town Pasadena, which offers world class dining, entertainment, and shopping. Central in location, 759 N Raymond is Very Walkable with a Walk Score of 83 and provides convenient access to the 210 and 134 Freeways and the Metro Gold Line which provides ease of access to Downtown Los Angeles. Pasadena is home to premier shopping, dining, entertainment, The Rose Bowl, The Tournament of Roses Parade, Caltech, & NASA Jet Propulsion Laboratory.

Listed by Filip Niculete | BRE #01905352 | Marcus & Millichap
Last checked: 58 seconds ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 24

Home details

Lot Sq. Ft
9,261
HOA Dues
$0/mo
Year built
1903
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
19483252
City
Pasadena
County
Los Angeles
Time on Site
1398 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,445
  • Total Rent: $1,445
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,445
  • Total Rent: $1,445
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,045
  • Total Rent: $1,045
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,350
  • Total Rent: $1,350
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,425
  • Total Rent: $1,425
  • Pro Forma/Market Rent: $2,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.77%
  • Gross Rent Multiplier: 16.77
  • Gross Scheduled Income: --
  • Net Operating Income: $50,859
  • Gross Operating Income: $80,520
  • Improvements Total: $263,024
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 759 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: 5
  • Parcel Number: 5725002026
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Part of Association
  • Association Amenities: Other
Location / Neighborhood
Location Information
  • Directions: N Raymond & E Orange Grove Blvd
View more facts & features

Local Pasadena Agent

Sale History for 759 N Raymond Ave

Last sold for $1,050,000 on August 21st, 2019

  • August, 2019

  • Aug 21, 2019

    Date

    Sold

    CRMLS: 19483252

    $1,050,000

    Price

  • Jul 22, 2019

    Date

    Pending

    CRMLS: 19483252

    $1,350,000

    Price

  • Jun 28, 2019

    Date

    Active

    CRMLS: 19483252

    $1,350,000

    Price

  • August, 2019

  • Aug 21, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,050,000

    Price

  • December, 2018

  • Dec 19, 2018

    Date

    Expired

    CRMLS: AR18228165

    $1,098,000

    Price

  • Nov 18, 2018

    Date

    Withdrawn

    CRMLS: AR18228165

    $1,098,000

    Price

  • Sep 18, 2018

    Date

    Active

    CRMLS: AR18228165

    $1,098,000

    Price

  • Listing provided courtesy of CRMLS

    This multi-family dwelling 5-unit is situated in the extremely convenient North Marengo neighborhood of Pasadena. The new owner will enjoy the ideally positioned amenities located just blocks away from Orange Grove Ave and Fair Oaks Avenue. It is located near local parks, schools, cafes, banks, supermarkets, pharmacy, city hall, library, museums, golf course, country club, the Rose Bowl Stadium, and Old Town Pasadena. This is also commuter friendly with access to all the major freeways. The neighborhood offers unlimited opportunities for shopping, entertainment, relaxation, and networking. It’s an ideal location to generate rental income. This multi-family home sits on a large 9,261 square foot lot. It features a total of 4 bedrooms plus a studio and 5 bathrooms, combining for approximately 2,991 square feet of living space. The property has 1 water and gas meter, and 4 separate electric meters. There are 4 units in the two-level front house (Unit #1, #2 and #3 consist of one bedroom and one bathroom, and Unit #4 is a studio plus a bath) and 1 separate unit in the back house (Unit #5 has 1 bedroom and 1 bathroom including a big attic providing ample storage space for the household). The property awaits you as a live-in owner while renting the other unit to serve as a capital growth investment opportunity. This is an exceptional property with tons of rental potential which can complement your investment portfolio.

  • August, 2018

  • Aug 11, 2018

    Date

    Expired

    CRMLS: AR18108997

    $1,098,000

    Price

  • Jul 2, 2018

    Date

    Price Change

    CRMLS: AR18108997

    $1,098,000

    Price

  • May 15, 2018

    Date

    Active

    CRMLS: AR18108997

    $1,150,000

    Price

  • Listing provided courtesy of CRMLS

    This multi-family dwelling 5-unit is situated in the extremely convenient North Marengo neighborhood of Pasadena. The new owner will enjoy the ideally positioned amenities located just blocks away from Orange Grove Ave and Fair Oaks Avenue. It is located near local parks, schools, cafes, banks, supermarkets, pharmacy, city hall, library, museums, golf course, country club, the Rose Bowl Stadium, and Old Town Pasadena. This is also commuter friendly with access to all the major freeways. The neighborhood offers unlimited opportunities for shopping, entertainment, relaxation, and networking. It’s an ideal location to generate rental income. This multi-family home sits on a large 9,261 square foot lot. It features a total of 4 bedrooms plus a studio and 5 bathrooms, combining for approximately 2,991 square feet of living space. The property has 1 water and gas meter, and 4 separate electric meters. There are 4 units in the two-level front house (Unit #1, #2 and #3 consist of one bedroom and one bathroom, and Unit #4 is a studio plus a bath) and 1 separate unit in the back house (Unit #5 has 1 bedroom and 1 bathroom including a big attic providing ample storage space for the household). The property awaits you as a live-in owner while renting the other unit to serve as a capital growth investment opportunity. This is an exceptional property with tons of rental potential which can complement your investment portfolio.

  • April, 2004

  • Apr 1, 2004

    Date

    Sold (Public Records)

    Public Records

    $589,000

    Price

Show More

Tax History for 759 N Raymond Ave

Assessed Value (2020): $1,050,000
Year Land Value Improved Value Assessed Value
2020 $630,000 $420,000 $1,050,000

Home Value Compared to the Market

This property vs the competition

759 N Raymond Ave sold on August 21, 2019 for 8% 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 $451.35 per/sqft which puts the price per square foot 40.84% lower than the current median sale per square foot for the city of Pasadena.

About 759 N Raymond Ave

Detailed summary of property

759 N Raymond Ave is a multi family that recently sold in Pasadena, CA 91103. This multi family property offered 4 bedrooms, 5 bathrooms, roughly 2,991 living square feet, and sits on an approximately 9,261 square foot lot. 759 N Raymond Ave was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $1,050,000. 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 8% higher than the current median priced home. Local homes that are currently for sale include 4727 Lincoln Ave, 907 Dexter St and 829 El Paso Dr. While the average home in Pasadena, CA is selling in 51 days, 759 N Raymond Ave has a days on market of 24 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 759 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 759 N Raymond Ave

Public county record property details
Beds
4
Baths
5
Year built
1903
Sq. Ft.
2,991
Lot Size
9,261
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
27,28
APN
5725-002-026

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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(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.

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