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1509 Raymond Ave
Pasadena, CA 91103

La Wayne Apartments · Multifamily Property For Sale · 10 Units

INVESTMENT HIGHLIGHTS

  • Constructed by Current Ownership, Brought to Market for the First Time
  • Excellent Pride of Ownership & Value-Add Opportunity
  • 4% Cap Rate with Current Rents, 7.6% Cap Rate with Market Rents
  • All Units are Large 2-Bedroom 1-Bath

PROPERTY FACTS

No. Units 10
Property Type Multifamily
Property Subtype Apartment
Building Class C
Lot Size 0.32 AC
Building Size 8,632 SF
No. Stories 2
Year Built 1963
Parking Ratio 1.16/1,000 SF

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+1 10 $2,152 850 - 950

PROPERTY TAXES

ZONING

Zoning Code GLR1YY
  • Listing ID: 27994060

  • Date on Market: 3/16/2023

  • Last Updated:

  • Address: 1509 Raymond Ave, Pasadena, CA 91103