820 N Raymond Ave - Apartments FOR SALE
Pasadena, CA 91103 |
820 N Raymond Ave
Pasadena, CA 91103
HIGHLIGHTS
- Superb ASSUMABLE FINANCING (Chase) with 2.9% Interest Rates with ±57% LTV fixed - Due in 26 years (2051)
- 50-units Well-maintained Value-add building near Rose Bowl Area and Old Town Pasadena (±1mile)
- Enjoy LOWER THAN MARKET interest rate until Oct 2028 (Buyer to verify); ±8.09% YEAR-1 CASH-ON-CASH Return with ±14.39% PROFORMA CASH-ON-CASH (Buyer
- Parking Soft Story retrofit completed, Brand new roofs, 31 units have been updated; Excellent unit mix with more 60% are 2bedroom units
- Large lot size of 51,227 SF/±1.18ACRE, Garage parking prime for ADUs upside conversions; Each unit is large with a private patio/balcony and excellent
- Very well-maintained building with attractive garden areas, gated pool, 2 laundry rooms, and covered parking
FOR SALE DETAILS
PRICE
-
# OF UNITS
-
CAP RATE
-
% LEASED
-
BUILDING DETAILS
PROPERTY NAME
50-u near Rose Bowl, 2.9% Assumable Loan
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Garden
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
36228
STORIES
3
YEAR BUILT
1964
PARKING SPACES
52
LAND DETAILS
LAND ACRES
-
LAND SF
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ZONING
-
APN/PARCEL ID
5725-011-023
