Renovated 8-Unit Apartment
83 South Daisy Avenue, Pasadena, CA 91107
For Sale
Contact for pricing
Residents have in-unit combination washer-dryers, with a landscaped courtyard and shared BBQ area.
Property Size5,948 SF
Lot Size0.26 Acres
Price / SF$552.29
Days on Market12
Property Features for 83 South Daisy Avenue
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Amenities
in-unit washer/dryer
dishwasher
outdoor courtyard
shared BBQ area
outdoor storage unit
Building Details
Year Built
Year Renovated
Buildings
Listing Agency:
Lyon Stahl Investment Real Estate
Listed By:
Jake Glaser · License CA #02128816
(310) 230-5157
Source:
Crexi
Added: Nov 3
Changed: Nov 12
Last Checked: Nov 12 at 7:52AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lyon Stahl Investment Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Pasadena apartment property contains eight units across approximately 5,948 square feet on a 0.26-acre parcel. The mix includes six two-bedroom, one-bathroom apartments and two one-bedroom, one-bathroom apartments. Constructed in 1954 and comprehensively updated in 2020, the units feature recessed lighting, hardwood floors, and refreshed kitchens and bathrooms. Each has a combination washer-dryer; dishwashers are provided in all two-bedroom units and one of the one-bedroom units. Copper plumbing, a replacement main sewer line, upgraded electrical components, and emergency gas shut-off valves are among the property improvements. Eight carport spaces each have an associated outdoor storage unit, and residents share a landscaped courtyard with a barbecue area.
The property is on South Daisy Avenue, south of Colorado Boulevard. Retail destinations include Hastings Ranch Plaza and Hastings Village Shopping Center, with dining options along the Colorado Boulevard corridor. Nearby institutions and employers named for the area include Kaiser Permanente, Caltech, JPL, Huntington Hospital, and Pasadena City College.
The property is on South Daisy Avenue, south of Colorado Boulevard. Retail destinations include Hastings Ranch Plaza and Hastings Village Shopping Center, with dining options along the Colorado Boulevard corridor. Nearby institutions and employers named for the area include Kaiser Permanente, Caltech, JPL, Huntington Hospital, and Pasadena City College.
Key Highlights
- Eight apartments totaling approximately 5,948 square feet on a 0.26‑acre parcel
- Unit mix: (6) 2BR/1BA apartments and (2) 1BR/1BA apartments
- Built in 1954; extensively renovated in 2020
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$95,708
Cap Rate
2.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,914,160
$1.9M
Cap Rate 7%
$1,367,257
$1.4M
Cap Rate 9%
$1,063,422
$1.1M
Market Conditions
NOI Build-Up for 5,948 SF
Gross rent
$189.1K $31.80/SF
− Vacancy
−$15.1K −$2.54/SF
EGI
$174.0K $29.26/SF
− OpEx
−$78.3K −$13.17/SF
NOI
$95.7K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,914,160
Cap Rate 7%
$1,367,257
Cap Rate 9%
$1,063,422
Alternative Uses
Best Use
Apartment 5plus
$1.37M
$1.20M – $1.60M
NOI $95,708 @ 7.0% cap · market cap 2.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.43M
$2.12M – $2.83M
NOI $169,875 @ 7.0% cap · market cap 5.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
2,618
Businesses Nearby
Explore this area
Business Placement
Demographics for 91107, CA
33,729
Population
14,137
Households
2.4
Avg Household Size
43
Median Age
59%
College-Educated
93%
High-School Grad
8.5 sq mi
ZIP Area
3,968
Density / Sq Mi
$124,880
Median Household Income
$62,250
Median Earnings
$2,311
Median Rent
$1,106,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Apartment buildings in Pasadena
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Residents have in-unit combination washer-dryers, with a landscaped courtyard and shared BBQ area.
Where is this apartment building located?
The property is located at 83 South Daisy Avenue Pasadena, CA.
What is the asking price?
The asking price for this property is $3,285,000.
What are key features of this property?
This property features: Eight apartments totaling approximately 5,948 square feet on a 0.26‑acre parcel; Unit mix: (6) 2BR/1BA apartments and (2) 1BR/1BA apartments; Built in 1954; extensively renovated in 2020
