83 S Daisy AVE, Pasadena, CA 91107
83 S Daisy AVE, Pasadena, CA 91107
83 S Daisy AVE, Pasadena, CA 91107
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Andrew Simpson

Andrew Simpson

+1(951) 660-8234
$3,285,000
Est. payment /mo
14 Beds
8 Baths
5,848 SqFt
Save

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

Read Less Info
CRMLS Full IDX Feed (MAIN Website Search)
Listed by Jake Glaser Lyon Stahl Investment Real Estate, Inc. #02128816

NEARBY SCHOOL & BUSINESS

MORTGAGE CALCULATOR

Use our home loan calculator to estimate your total mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment, and details about the home loan, to calculate your mortgage payment, schedule, and more.
$
$
%
%
Advanced
Payment
Schedule
Your mortgage payments over 30 years will add up to $0.
Serving Southern California

Customized quick search tools to explore nearby zip codes, cities, and neighborhoods in your favorite destinations

There are 30 quick searches
 
Serving Arizona
Custom Quick Search Tools To Explore Nearby Zip Codes, Cities & Neighborhoods In Your Preferred Destinations
More