63 S DaisyPasadena, CA 91107

Description

Pride-of-Ownership 7-Unit Multifamily in Lamanda Park Area, Beautifully Maintained Apartment in an Excellent Location, Excellent Demographics (±$172k) – Walkscore 90, New Roofs, New Exterior Paint, and Other Recent Capital Improvements, Mature SFR Neighborhood, First Time for Sale Since 2009, Clear ADUs Upside. 63-67 S Daisy Ave, a pride-of-ownership 7-unit multifamily gem in Pasadena's Lamanda Park neighborhood. This property represents a rare "Value-Add" play in a Class-A location, offering an actual over 5% CAP rate with significant potential for further appreciation through rental increases, ADU development and long-term improvements. This garden-style asset sits in an A-location, in a mature and quiet single family residential neighborhood – adjacent to newer built condominiums, yet only minutes to central Pasadena via Colorado Blvd. With a Walk Score of 90, Fantastic Demographics of $172k in a-mile radius, and proven appeal to high-caliber tenants (including international PCC students and Caltech professionals), it delivers effortless leasing and superior retention – most units rent to young pros seeking walkable luxury. Built in 1960, the 4055 SF property sits on a 9496 SF lot boasts pride of ownership Single Family Residential feel and has been meticulously maintained by current ownership. First time offered for sale since 2009, the beautiful apartment consists of 2 buildings: front SFR style triplex and back single-story fourplex. Unit mix includes 1 x 2bedroom+1bathroom and 6 x 1bedroom+1bathroom. The front 2bedroom unit is a single family house setting with private patio, 2 car garage (direct access) and central heating. The back fourplex is a single story layout with a novel semi-private patio which makes it very attractive and easy to rent units. Each unit is spacious with either carpet or wood floor, all units have laundry hookups in kitchen area (2 units in the front comes with laundry machines), individual water heater, and individually metered for electricity and gas. Parking is provided by 8 spaces – 2 car garage for the front 2bedroom unit, 1 open space, 4 car garage in the back and 1 carport in the back (accessible through alley). It has undergone many recent Capital Improvements such as: brand new roofs, brand new exterior paints, and brand new contemporary cable fence. The back of the property is adjacent to the highly rated WALDEN Elementary School.

Property Information

Property type

Residential Income

Sub-type

Apartment

Style

Craftsman

Year built

1960

Stories

2

Building area

4,055 Sq Ft

Lot size

0.22 acres

Garage spaces

6

Parking spaces

8

Days on market

125

MLS^® Listing#

AR26120225

Property Features

Appliances

Gas Range · Water Heater · Dryer · Washer

Cooling

Wall/Window Unit(s)

Heating

Central · Wall Furnace

Flooring

Carpet · Laminate · Vinyl · Wood

Fireplace

None

Pool

None

Parking

Attached Carport · Assigned · Direct Access · Garage

Laundry

Washer Hookup · Gas Dryer Hookup

Lot features

Level · Near Public Transit · Rectangular Lot

Roof

Shingle

Security

Carbon Monoxide Detector(s) · Gated Community · Smoke Detector(s)

Community

Suburban · Gated

Utilities

Cable Connected · Electricity Connected · Natural Gas Connected · Phone Available · Sewer Connected · Water Connected

Sewer

Public Sewer

Water source

Public

Financial Details

HOA

None

Parcel number

5748013015

Directions

FWY 210 exit San Gabriel Blvd, go south, then east/left on Colorado Blvd and make right on Daisy Ave