637 N Raymond Ave, Pasadena, CA

House

For Sale

Listed price in listed location currency (USD).

$1,799,999

858

MLS® 226002022

Key Facts
Description
Map

Key Facts

Type Triplex

Levels Residential

Size 3418 sqft

Garage

Taxes

Days Active 0

Lot Size

Approx. Age 1930

Avg. Price Per Sqft $526

MLS® Number 226002022

Property Address: 637 N Raymond Ave, Pasadena, CA, 91103-3912

Average square foot calculated using Size range provided by listing agent.

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 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.

MLS® Number226002022

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1930

Basement

DrivewayDriveway, Garage, Shared Driveway, Side By Side, Tandem, Uncovered

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

May 1, 2026List Date

$1,799,999List Price

Commute

Commute

Starting Address

Destination Address

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