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About the Listing VCR-CG13890001 - VCR-C159054006
In a market where yield matters, 637 N Raymond Ave delivers a clean, well-positioned triplex with strong in-place income and a cap rate projected above 4%. This corner-unit property is thoughtfully configured so each residence lives more like a standalone home than a multi-unit property. Distinct architectural identities create natural appeal and long-term retention: 637 N Raymond Ave (3BR/2BA) - Currently leased at $3,450/month. A classic Arts & Crafts residence with updated kitchen finishes, recessed lighting, and basement storage. Direct access to the shared courtyard enhances livability.635 N Raymond Ave (2BR/1BA) - Currently leased at $2,600/month. Recently refreshed with a bright, open layout, galley kitchen, and subtle Santa Barbara influences--arched details and light, airy interiors.639 N Raymond Ave (3BR/2BA) - Currently leased at $3,600/month. An upper-level unit with a private balcony, wrought-iron stair details, and elevated neighborhood views. Thoughtfully updated and highly rentable in its current condition.Shared Features: Tenants enjoy a central courtyard designed for everyday use, a detached laundry structure with two pairs of machines, and ample on-site parking via dual driveways--an increasingly valuable amenity in this part of the city. Separate gas and electrical meters also help streamline operations. This is a low-friction asset: stable tenants, desirable unit layouts, and a presentation that consistently attracts quality renters. The ''feels like a home'' layout across all three units reduces turnover risk and supports premium rents over time. With Pasadena's steady rental demand and limited inventory, this property sits in a strong position for both immediate returns and long-term hold strategy.Opportunities like this don't circulate often--especially with this level of character, configuration, and income already in place. Don't miss your chance.
Listing Highlights
Status
Active
Days on Site
32
Property Type
Residential
MLS ®
226002022
Year Built
1930
Total Square Footage
3,418
Lot/Acreage
0.15
County
Los Angeles
Area
645 - Pasadena (NW)
Interior Details
- Bedrooms: 8
- Bathrooms: 5 Full
- Appliances: Refrigerator
- Air Cond: Central Air
- Heating: Central
- Fireplaces:
- Floor: Wood
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Balcony,Recessed Lighting,Galley Kitchen
- Water:
Exterior Details
- Lot Description: Back Yard,Corner Lot,Corners Marked,Lawn,Landscaped,Paved,Walkstreet,Yard,No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 8
- Zoning: PSR1
- Roof:
- Others: Updated/Remodeled
- Sewer:
- Parking Features: Driveway,Garage,Shared Driveway,Side By Side,Tandem,Uncovered
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5725004008
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
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Questions About..
637 N Raymond Ave Pasadena, CA 91103
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