2047 N Raymond Ave

Pasadena

 

$1,675,000

 
 
 
 

4

UNITS

$418,750

PRICE/UNIT

$321

PRICE/FT

4.17%

CAP

16.62

GRM

5.31%

PRO FORMA CAP

14.54

PRO FORMA GRM
 

 

LAAA is 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 in kitchens, new tile floors in kitchens and laundry rooms, etc. Pasadena is home to world class shopping, dining and entertainment, The Rose Bowl, The Tournament of Roses Parade, Caltech, Jet Propulsion Laboratory, Pasadena City College along with many more major employers. The offering provides convenient access to the 210 and 134 Freeways and the Metro Gold Line which provides ease of access to Downtown Los Angeles.

 
 
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Michael McNulty

Associate

O: (818)-212-2709

M: (818)-359-9530

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