637 N Raymond Avenue Pasadena, CA 91103
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,418 sqft
Price per Sqft $526
MLS Listing ID 226002022
Style Pueblo,Arts & Crafts,Craftsman,Spanish Colonial
Bedrooms 8
Full Baths 5
Year Built 1930
Lot Size 6,587 Sqft
Property Sub-Type Triplex
Source Conejo Simi Moorpark Association of REALTORS®
Property Description
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, with beautifully refinished hardwood flooring that enhances its charm and appeal.
Shared Features: Tenants enjoy a central courtyard designed for everyday use, a detached laundry structure equipped with newer washers and dryers, 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.
Beyond its strong income profile, the property has benefited from substantial capital improvements over the past eight years. Ownership has invested heavily in the long-term condition and desirability of the asset, including the installation of central air conditioning in all three units, comprehensive kitchen and bathroom renovations throughout, interior and exterior repainting, upgraded recessed lighting, driveway improvements, roof flashing updates, and extensive landscaping enhancements. Recent exterior upgrades include a mature privet hedge along the Peoria frontage and an attractive planter feature at the Raymond Avenue corner, creating strong curb appeal from multiple vantage points. In 2026, the property's ductwork was professionally cleaned throughout, further supporting tenant comfort and system efficiency.
This is a low-friction asset: stable tenants, desirable unit layouts, and a presentation that consistently attracts quality renters. The 'feels like a single 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, recent investment, and income already in place. Don't miss your chance.
Location
State CA
County Los Angeles
Area 645 - Pasadena Nw
Rooms
Basement Unfinished
Interior
Interior Features Basement, Living Room Balcony, Recessed Lighting, Turnkey
Heating Central Furnace
Cooling Central A/C
Flooring Wood/Wood Like
Laundry Community, Laundry Area, Outside
Exterior
Exterior Feature Balcony
Parking Features Uncovered, Driveway
View Y/N Yes
Building
Lot Description Paved, Back Yard, Corners Established, Curbs, Fenced, Fenced Yard, Front Yard, Landscaped, Lawn, Sidewalks, Street Lighting, Corner Lot
Story 2
Sewer In Street
Others
Virtual Tour https://www.zillow.com/view-imx/f84aa174-0573-4e3f-b636-53f9ca693e82?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard
NEARBY SCHOOL & BUSINESS
GET MORE INFORMATION