83 S Daisy Ave, Pasadena, CA 91107

Gut Renovated 8-Unit Apartment Building in Pasadena | Fully Upgraded Electrical & Plumbing Systems

Assumable Loan at 3.84% for 5 More Years @ 56% LTV

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$3,285,000

Property Highlights

Renovated 8-unit property in Pasadena built in 1954
Assumable loan of $1,841,000 at 3.84% with ~5 years remaining
Unit mix comprised of (6) 2BR/1BA & (2) 1BR/1BA units
Property was gut remodeled by current ownership in 2020
Main sewer line replaced and upgraded to copper plumbing throughout (per owner)
Building has recently been painted, emergency gas shut-off valves have been installed
Each unit has an in-unit combination washer/dryer
All 2BR/1BA and (1) 1BR/1BA units have a dishwasher
Fully upgraded electrical system with new main panel, breakers and in-unit subpanels
Fully parked with 8 carport parking stalls, each comes with its own outdoor storage unit; strong ADU potential
Charming outdoor courtyard with beautiful landscaping and shared BBQ area for tenant use
Prime Pasadena location just south of Colorado Blvd

The Opportunity

The Glaser Group is pleased to present 83 S Daisy Avenue, 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.