820 N Raymond Ave Pasadena, CA 91103

$--

-- Beds
-- Baths
36,228 Sq.Ft.

Off Market

Map preview of 820 N Raymond Ave, Pasadena, CA 91103

Property Overview: 820 N Raymond Ave Pasadena, CA has -- bedrooms, -- bathrooms, 36,228 living square feet and 51,226 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

820 N Raymond Ave 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 820 N Raymond Ave

Last sold on July 29th, 2013

January, 2024
Jan 1, 2024

Date

Expired

CRMLS: AR23128477

$17,480,000

Price
Jul 13, 2023

Date

Active

CRMLS: AR23128477

$17,480,000

Price
Listing provided courtesy of CRMLS

THE RAYMOND VILLA, a 50-unit true value-add garden style apartment investment opportunity located in the highly desirable City of Pasadena, CA. This offering provides an extremely rare opportunity for investors to acquire a true value add building this size in a good location that is close to almost all amenities City of Pasadena has to offer. The property is within walking distance (±1mile) to Rose Bowl Area and Old Town Pasadena, and situated on a quiet tree-lined street on Raymond Ave and Painter St. This investment offers an ASSUMABLE LOAN with ±50.8% Loan-To-Value (LTV) at very low 2.9% interest rates fixed until October 2026 and due in 28 years (October 2051). Just by assuming the current loan and operating the building as-is, the new owner could realize a stable ±5.15% cash-on-cash return on year-1 and a whopping 10.05% return stabilized at proforma/market rent (Buyer to Verify). The combination of this excellent assumable loan, great location, and its true value-add potential made this offering an excellent investment for a savvy investor. The Raymond Villa is an attractive two-story garden style community that was built in 1964 with ±36,228 SF building size and situated on a large ±51,227 SF / ±1.18-acre lot size. It has excellent curb appeal with mature trees in the front and a secured entrance and gated parking. Walking into the courtyard area, tenants will enjoy a fenced swimming pool, and multiple large and manicured garden planters and courtyard area that can be re-utilized as barbeque area, dog walking area, kids’ play area and other amenities. The Raymond Villa offers an excellent unit mix of 30 x 2bedroom+1bathroom, and 20 x 1bedroom+1bathroom units. Each unit is large and bright with an excellent layout and a private patio/balcony. Each unit is separately metered for electricity (ALL ELECTRIC building). Each unit has windows A/C, wall heating, ceiling fans, mirrored closets, and plenty of linen cabinets. ±26 units have had some kind of upgrades which may include new kitchen (new cabinets + quartz/granite countertops), and/or new bathroom (new tiled bathroom/shower, new bathroom vanity, and hardware).

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July, 2013
Jul 29, 2013

Date

Sold (Public Records)

Public Records

--

Price
October, 2012
Oct 2, 2012

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 820 N Raymond Ave

Assessed Value (2020): $8,395,051

Year	Land Value	Improved Value	Assessed Value
2020	$4,900,272	$3,494,779	$8,395,051

About 820 N Raymond Ave

Detailed summary of property

820 N Raymond Ave is categorized with a use code of Apartment House (5+ Units) in Pasadena, CA 91103 and is currently off market. This property has -- bedrooms, -- bathrooms, roughly 36,228 living square feet, and sits on an approximately 51,226 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 790 N El Molino Ave, 256 Macdonald St and 689 E Orange Grove 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 820 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 820 N Raymond Ave

Public county record property details

Beds: --
Baths: --
Year built: 1964
Sq. Ft.: 36,228
Lot Size: 51,226
Stories: --

Type: Apartment House (5+ Units)
Pool: Yes
Spa: No
County: Los Angeles
Lot#: 41-44
APN: 5725-011-023

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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