NOT LISTED FOR SALE
7 Beds
4 Baths
5,948 Sq Ft
0.26 Acres

Last Sold April 10, 2018

Last sale price $2,400,000 $403 Per Sq Ft

28 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Garden
  • Pasadena High School Rated A

About This Home

As of April 2018

The apartments on Daisy Avenue represent a unique investment opportunity in the
city of Pasadena. Comprised of 8 units, the subject property has a favorable unit
mix of 2, one-bed/one bath units at approximately 550 square feet, 1 two-bed/one
bath unit at nearly 750 square feet, 4 two-bed/one-bath units at approximately 756
square feet, and 1, two-bed/one-bath unit at nearly 890 square feet. The property
was built in 1954 and features 8 carport parking spaces. Units are individually
metered for gas & electric, and owner pays for water and trash.

**Please do not go on property. Tenants do not know it is for sale.**

Last Agent to Sell the Property

Kevin Hurley

Keller Williams Realty/Pasadena License #01237798 Listed on: 02/26/2018

Keller Williams Realty/Pasadena

Co-Listed By

Kevin Lutz

Keller Williams Realty/Pasadena License #00925595

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1954

Lot Details

  • 0.26 Acre Lot
  • Two or More Common Walls
  • Garden

Home Design

  • Property Attached

Interior Spaces

  • 5,948 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Parking

  • 8 Parking Spaces
  • 8 Carport Spaces

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 16
  • Assessor Parcel Number 5748013013

Community Details

Overview

  • No Home Owners Association
  • 8 Units

Amenities

  • Laundry Facilities

Building Details

  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $710
  • Gardener Expense $1,800
  • Insurance Expense $3,000
  • Trash Expense $1,500
  • Water Sewer Expense $5,824
  • New Taxes Expense $26,253
  • Operating Expense $47,775
  • Gross Income $107,321
  • Net Operating Income $59,546

Property Details

Home Type

Multi-Family

Year Built

Built in 1954

Lot Details

0

Listing Details

  • CapRate: 2.53
  • Property Attached: Yes
  • Water Sewer Expenses: 5824.00
  • Zoning: PSR3
  • Property Type: Residential Income
  • Gardener Expense: 1800.00
  • Parcel Number: 5748013013
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 403.50

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 8.00
  • Total Parking Spaces: 8.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 1500.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Garden
  • Lot Size Sq Ft: 11400.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 710.00
  • Gross Income: 107321.00
  • Gross Multiplier: 13.79
  • Gross Scheduled Income: 110600.00
  • Insurance Expense: 3000.00
  • Laundry Income: 50.00
  • Net Operating Income: 59546.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Operating Expense: 47775.00
  • Rent Control: No
  • Total Expenses: 47775.00

Tax Info

  • New Taxes Expense: 26253.00
  • Tax Census Tract: 4632.00
  • Tax Lot: 16
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/10/2018 04/10/18 Sold $2,400,000 +2.1% $403 / Sq Ft
03/26/2018 03/26/18 Pending -- -- --
02/26/2018 02/26/18 For Sale $2,350,000 -- $395 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $32,702 $2,730,784 $1,638,471 $1,092,313
2024 $31,228 $2,677,241 $1,606,345 $1,070,896
2023 $31,860 $2,705,040 $1,217,268 $1,487,772
2022 $30,767 $2,652,000 $1,193,400 $1,458,600
2021 $28,689 $2,522,828 $1,513,903 $1,008,925
2020 $27,551 $2,496,960 $1,498,380 $998,580
2019 $27,620 $2,448,000 $1,468,800 $979,200
2018 $16,846 $1,378,365 $828,154 $550,211
2016 $16,275 $1,324,844 $795,997 $528,847
2015 $16,093 $1,304,945 $784,041 $520,904
2014 $15,801 $1,279,384 $768,683 $510,701
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS18045501

California Regional Multiple Listing Service (CRMLS)