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

Sale Details

Date 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

General NONMEMBER

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1954

Lot Details

  • 11,400 Sq Ft 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

0.26 Acres

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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)
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