Listed by Gary Tolfa with Triqor Group

1509 N Raymond Avenue Unit: 10

Pasadena, CA, 91103

$3,200,000

$370 per ft²
$3,200,000
$370 per ft²
Active
Active
 - For Sale
carpenters-square
8,632 ft²
property_type
Multi-family
calendar
Built 1963
We are pleased to present the opportunity to acquire La Wayne Apartments, a well-kept, pride of ownership 10-unit apartment building with significant upside located in North Central Pasadena. The property offers an ideal unit mix of all large 2-bedroom units with amenities such as laminate wood flooring, wall A/C and heating, and patios/balconies. The building is a gated community which features a shared laundry facility, covered parking, and a new roof which was put on in 2022. The property offers a current cap rate of 4%, 7.6% with market rents. With the largest unit delivered vacant at close of escrow and a rent increase available in 2023, an investor will have the ability to capture strong rental upside within the first year of ownership. We kindly ask prospective buyers and agents to NOT disturb the tenants.
MLS® ID:
PW23043490
Listed:
3/14/23
Updated:
3/21/23

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Laundry Description
Common Area

Exterior/Building Features

Lot Size
0.32 acres lot
Lot Details
Rectangular Lot
Sewer
Private Sewer

Other Property Details

Area Name
645 - Pasadena (NW)
Association Amenities
Sidewalks
Garage
No
Parking
N
View
N
County
Los Angeles
Water Source
Public
Pool
No
Pool Description
None
Zoning
PSR1
Buyer Agency Compensation
2.000

Listing Contact:  

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/21/23. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

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Data last updated on 3/21/23 at 8:46 AM UTC

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