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$ 3,285,000
Est. payment /mo
New
83 S Daisy AVE Pasadena, CA 91107
14 Beds
8 Baths
5,848 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 5,848 sqft
Price per Sqft $561
MLS Listing ID 26104677
Bedrooms 14
HOA Y/N No
Year Built 1954
Lot Size 0.262 Acres
Property Description
ASSUMABLE FINANCING AVAILABLE AT 3.84% FOR ~5 YEARS @ 56% LTV... 83 S Daisy Avenue is an extensively renovated 8-unit multifamily property located in the Lamanda Park neighborhood of Pasadena. The property is being offered with an assumable loan of $1,841,000 at 3.84% with 5 years remaining and 56% LTV. Built in 1954, the property was gut remodeled in 2020 by current ownership and offers investors a well-maintained, turnkey asset with modern unit features rarely found in vintage product. The property encompasses approximately 5,948 square feet of living space on a 0.26 acre lot and features a unit mix of (6) 2BR/1BA units and (2) 1BR/1BA units. Every unit has been renovated with recessed lighting, updated kitchens and bathrooms, hardwood floors, and is equipped with an in-unit combination washer/dryer. Plus, all 2-bedroom units and one of the 1-bedroom units feature a dishwasher. These are amenities that support strong tenant retention and premium rents. Ownership has completed numerous capital improvements in recent years. The plumbing has been upgraded to copper throughout, and the main sewer line has been replaced (per owner). The electrical system has been fully upgraded with a new main panel, breakers and in-unit subpanels. The building has also been recently painted, and emergency gas shut-off valves have been installed. The property is fully parked with (8) carport stalls, each paired with its own outdoor storage unit. This space provides strong potential to add detached ADUs at the back of the lot. Residents also enjoy a charming outdoor courtyard with beautiful landscaping and a shared BBQ area. Ideally situated in the vibrant Pasadena submarket, 83 S Daisy Avenue sits on a quiet, tree-lined residential street just south of Colorado Boulevard. Nearby retail includes Hastings Ranch Plaza and Hastings Village Shopping Center, with abundant dining along the Colorado Boulevard corridor. Demand is further supported by major employers and institutions including Kaiser Permanente, Caltech, JPL, Huntington Hospital and Pasadena City College, driving strong and consistent rental demand.
Location
State CA
County Los Angeles
Area 648 - Pasadena (Se)
Zoning PSR3
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features Carport
Carport Spaces 8
Total Parking Spaces 8
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5748013013
Financing Assumed
Special Listing Condition Standard
Listed by Jake Glaser Lyon Stahl Investment Real Estate, Inc. #02128816
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