Description

Exceptional multifamily investment opportunity in Pasadena! This 10-unit apartment property offers an impressive unit mix consisting of five 2-bedroom/1-bath units and five spacious 4-bedroom/2-bath units, providing a total of 30 bedrooms across the property. Each unit also includes two dedicated covered parking spaces, providing a total of 20 covered parking spaces—an outstanding amenity for a multifamily property. Built in 1961, the property encompasses approximately 16,302 square feet of building area on an approximately 13,883 square foot lot. The combination of generously sized units, substantial bedroom count, and ample covered parking makes this an attractive addition to an investor's portfolio. Located in Pasadena, the property offers convenient access to Old Pasadena, the Rose Bowl, shopping, dining, entertainment, transportation, and major employment centers throughout the San Gabriel Valley and Greater Los Angeles area. With 10 units, a desirable mix of larger floor plans, and two covered parking spaces per unit, 1095 N Raymond Ave presents a compelling opportunity to acquire a substantial income-producing multifamily asset in the Pasadena rental market. Buyer to independently verify all information, including square footage, lot size, unit mix, bedroom and bathroom counts, parking, rents, expenses, zoning, permits, and development potential.