NOT LISTED FOR SALE

725 N Raymond Ave Pasadena, CA 91103

Orange Heights Neighborhood
10 Beds
8 Baths
4,780 Sq Ft
8,893 Sq Ft Lot

Last Sold January 20, 2017

Last sale price $1,999,000 $418 Per Sq Ft

49 Days on Market

Highlights

  • Auto Driveway Gate
  • 14 Car Garage
  • Controlled Entrance
  • Air Conditioning

About This Home

As of January 2017

Non Rent Control investment with future rent upside potential located in a strong rental sub-market. Current ownership has implemented a re-position strategy to upgrade units and enhance curb appeal without an effort to push rent levels up to their maximum potential. All tenants are month to month. Eight Units - Six 1BR & Two 2BR, New Kitchen Cabinets, Laminate Floors, Granite Counter Tops, Hallway Storage, Gated Tenant Parking - 14 Spaces

Last Agent to Sell the Property

David Harrington

Matthews Real Estate Investment Services License #01320460 Listed on: 11/02/2016

Last Buyer's Agent

David Harrington

Matthews Real Estate Investment Services License #01320460 Listed on: 11/02/2016

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 8,893 Sq Ft Lot

Interior Spaces

  • 4,780 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 8 Bathrooms

Parking

  • 14 Car Garage
  • Auto Driveway Gate
  • Controlled Entrance

Utilities

  • Air Conditioning
  • Cooling System Mounted In Outer Wall Opening

Community Details

  • 8 Units

Listing and Financial Details

  • Assessor Parcel Number 5725-002-030

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 4780
  • Stories: 2
  • Year Built: 1961
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 10
  • Total Bathrooms: 8.00
  • Price Per S Q F T: 418.20

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Auto Driveway Gate, Controlled Entrance, Covered Parking, Driveway Gate, Garage, Gated, Gated Underground
  • Total Parking: 14

Utilities

  • Cooling: Air Conditioning, Wall Unit(s)

Lot Info

  • Assessor Parcel Number: 5725-002-030
  • Geocode Override: No
  • Lot Size Area: 8893

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 19.33
  • Number Of Units: 8
  • Type Of Units: 1BR / 2BR

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/20/2017 01/20/17 Sold $1,999,000 0.0% $418 / Sq Ft
11/02/2016 11/02/16 For Sale $1,999,000 -- $418 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $26,552 $2,320,003 $1,392,699 $927,304
2024 $26,552 $2,274,514 $1,365,392 $909,122
2023 $26,332 $2,229,917 $1,338,620 $891,297
2022 $1,610 $2,186,194 $1,312,373 $873,821
2021 $1,414 $2,143,329 $1,286,641 $856,688
2019 $1,396 $2,079,759 $1,248,480 $831,279
2018 $1,405 $2,038,980 $1,224,000 $814,980
2016 $11,886 $941,988 $412,119 $529,869
2015 $11,750 $927,839 $405,929 $521,910
2014 $11,555 $909,665 $397,978 $511,687
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2017

    David Harrington

    Matthews Real Estate Investment Services

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Map

Source: The MLS

MLS Number: 16-182890

The MLS
California Los Angeles County Pasadena 91103 Orange Heights

725 N Raymond Ave, Pasadena, CA

Not Listed for Sale

MultiFamily

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