10-Bedroom ResidentialIncome — 1312 N Raymond Avenue, Pasadena, CA
$1,399,800
1312 N Raymond Avenue, Pasadena, CA
About this property
When an opportunity like 1312 N Raymond finally comes around, you have to explore it! The property has 5 detached bungalow style units with a great mix of four 2/1 units and one 2/2 unit on a huge 13,285 SF lot. There is a 5 car garage at the back of the lot. The big lot offers space for multiple ADU's and a garage conversion (Buyer to verify). All tenants are current. The annual gross income is $121,633 at an impressive for Pasadena 11.5 GRM and an OUTSTANDING 6.2 CAP. The market rate gross income is $165,600 at an out of this world 9.5 cap! Buy it, cash flow it, and cost seg it by accelerating the depreciation and deduct hundreds of thousands from your taxes.
Property details
Location
1312 N Raymond Avenue • Pasadena, CA 91103
Listed by
Aram Gaboudian · Keller Williams Los Angeles