Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

3

Building size

2,368 sqft

Lot size

12,606 sqft

Year built

1924

Stories

1

Garage spaces

3

Style

See Remarks

Heating

Central

Cooling

Central Air

Status

Active

Days on market

20

MLS #

247498538

About this property

Rare Opportunity! Three Homes on a large lot in the Heart of Pasadena!! Discover a truly unique multi-dwelling compound situated on a beautifully maintained, 12,606 sq. ft. lot enclosed by mature trees and privacy hedges. This exceptional property features three separate, character-rich detached homes each offering its own private yard, independent meters, and dedicated modern amenities. Whether you are looking for a multi-generational estate, a live-in investment, or an absolute trophy asset, this central Pasadena offering delivers endless possibilities. Residence 1: The Spanish Front House (2 BR / 1.5 BA | approximately 1,275 sq. ft.) showcases gorgeous historic character with a stunning, seemingly original Batchelder tile fireplace. Features rich hardwood floors and intact period details throughout. Enjoys a large welcoming front porch, an expansive front yard, and a private side yard. Residence 2: The Middle Craftsman-inspired Cottage (1 BR / 1 BA approximately 550 sq. ft.) charming cottage layout boasting high ceilings and classic wood flooring. Authentic vintage accents, including a timeless clawfoot soaking tub. Includes a cozy front porch, a dedicated small front yard, and a private backyard oasis. Residence 3: The Rear Craftsman-inspired Cottage (1 BR / 1 BA approximately 550 sq. ft. ) DELIVERED VACANT! A nearly identical architectural twin to the second cottage, featuring high ceilings and a clawfoot tub and period details. Features its own dedicated, private outdoor yard space. Perfect for an immediate owner-occupant or to lease out at current market rent. Independent Utilities - All three detached homes are separately metered for gas and electricity. Every unit is equipped with its own central air conditioning & heating and individual washer/dryer. The long driveway provides off-street parking for at least four vehicles, leading to a bonus 3-car garage built in matching Spanish style offering incredible potential for a future ADU conversion (buyer to verify with city via own due diligence). Exceptionally located near Pasadena's premier dining, shopping, transit, and cultural landmarks.

Location

884 N Raymond Avenue

Pasadena, Los Angeles, CA, 91103