$1,799,999

637 Raymond Avenue, Pasadena, CA 91103

  • 8 beds |
  • 5 baths |
  • 3,418 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1930
  • Property Lot Size Icon6,586sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $527/sqft
  • Property List Date Icon Listed 19 days ago

Property Description

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 multifamily unit. 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 single-family home'' layout across all three units reduces turnover risk and supports premium rents over time. With Pasadena's steady rental demand and limited multifamily 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 Status:
Active
Date Added:
May 1, 2026
Data Last Updated:
May 20, 2026 at 7:16AM
Listing Office:
Keller Williams Westlake Village : (805) 777-7777
Listing Agent:
David Samuels : (747) 746-9817
MLS ID:
226002021
  • General: BalconyRecessed LightingGalley Kitchen
  • Appliances: Refrigerator
  • Laundry: Common AreaOutside
  • Flooring: Wood
  • A/C: Central Air
  • Heating: Central
  • General: Shed(s)
  • Style: Craftsman
  • Other Structures: Shed(s)
  • Parking: DrivewayShared DrivewaySide By SideUncoveredParking spaces: 8
  • Windows: Double Pane Windows
  • General: 2
  • Originating MLS: CRMLS_VCR
  • County: Los Angeles
  • Zoning: PSR15725004008
  • View: View
  • Utilities: Overhead Utilities
  • Source: CRMLS_VCR

This listing courtesy of David Samuels , Keller Williams Westlake Village

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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