Listing provided courtesy of Aram Gaboudian of Keller Williams Los Angeles. Last updated 2026-03-21 08:11:47.000000. Listing information © 2026 CRMLS.
Asking Price: $1,399,800
1312 Raymond, Pasadena CA 91103
Community: 645 - Pasadena (NW)
Status: Active
This property was built in 1925 and is priced at $1,399,800. Please see the additional details below.
When an opportunity like 1312 N Raymond finally comes around, you have to explore it! The property has 5 detached bungalow style units with a great mix of four 2/1 units and one 2/2 unit on a huge 13,285 SF lot. There is a 5 car garage at the back of the lot. The big lot offers space for multiple ADU's and a garage conversion (Buyer to verify). All tenants are current. The annual gross income is $121,633 at an impressive for Pasadena 11.5 GRM and an OUTSTANDING 6.2 CAP. The market rate gross income is $165,600 at an out of this world 9.5 cap! Buy it, cash flow it, and cost seg it by accelerating the depreciation and deduct hundreds of thousands from your taxes.
