63 South Daisy Pasadena, CA 91107
4,055 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 4,055 sqft
Price per Sqft $517
MLS Listing ID AR-26120225
Style Craftsman
Year Built 1960
Lot Size 9,508 Sqft
Property Sub-Type Apartment
Source California Regional Multiple Listing Service (CRMLS)
Property Description
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.
Location
State CA
County Los Angeles
Area 648 - Pasadena Se
Interior
Heating Wall Furnace, Central
Flooring Carpet, Laminate, Vinyl, Wood
Fireplaces Type None
Laundry Dryer Included, Gas Dryer Hookup, Washer Hookup, Washer Included
Exterior
Parking Features Assigned, Attached Carport, Direct Garage Access
Garage Spaces 6.0
Pool None
Community Features Suburban, Valley
Utilities Available Sewer Connected, Water Connected, Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available
View Y/N No
View None
Building
Lot Description Level, Level with Street, Lot 6500-9999, Near Public Transit, Rectangular Lot
Sewer Public Sewer