7-u Pride-of-Ownership Lamanda Park 63 S Daisy Ave 7 Unit Apartment Building $2,180,000 ($311,429/Unit) 5.05% Cap Rate Pasadena, CA 91107

Pride-of-Ownership 7-Unit Multifamily in Lamanda Park Area, Beautifully Maintained Apartment in an Excellent Location, Excellent Demographics (±$172k) – Walkscore 90, New Roofs, New Exterior Paint, and Other Recent Capital Improvements, Mature SFR Neighborhood, First Time for Sale Since 2009, Clear ADUs Upside.
Growth Investment Group California is pleased to present 63-67 S Daisy Ave, a pride-of-ownership 7-unit multifamily gem in Pasadena's Lamanda Park neighborhood. This property represents a rare "Value-Add" play in a Class-A location, offering an actual over 5% CAP rate with significant potential for further appreciation through rental increases, ADU development and long-term improvements. This garden-style asset sits in an A-location, in a mature and quiet single family residential neighborhood – adjacent to newer built condominiums, yet only minutes to central Pasadena via Colorado Blvd. With a Walk Score of 90, Fantastic Demographics of $172k in a-mile radius, and proven appeal to high-caliber tenants (including international PCC students and Caltech professionals), it delivers effortless leasing and superior retention – most units rent to young pros seeking walkable luxury.
Built in 1960, the 4055 SF property sits on a 9496 SF lot boasts pride of ownership Single Family Residential feel and has been meticulously maintained by current ownership. First time offered for sale since 2009, the beautiful apartment consists of 2 buildings: front SFR style triplex and back single-story fourplex. Unit mix includes 1 x 2bedroom+1bathroom and 6 x 1bedroom+1bathroom. The front 2bedroom unit is a single family house setting with private patio, 2 car garage (direct access) and central heating. The back fourplex is a single-story layout with a novel highly popular private patio which makes it very attractive and easy to rent units.
Each unit is spacious with either carpet or vinyl floor, all units have laundry hookups in kitchen area (2 units in the front comes with laundry machines), individual water heater, and individually metered for electricity and gas, and steel secure screen doors on first floor units. Parking is provided by 8 spaces – 2 car garage for the front 2bedroom unit, 1 open space, 4 car garage in the back and 1 carport in the back (accessible through alley). It has undergone many recent Capital Improvements such as: brand new roofs, brand new exterior paints, and brand-new contemporary cable fence.
The back of the property is adjacent to the highly rated WALDEN Elementary School –
a private, independent progressive school serving Pre-Kindergarten through 6th grade. It is highly regarded and very desirable for families seeking a holistic and developmental approach to early education. The school generally boasts an average rating of 4.5 out of 5 stars on educational platforms like Niche, reflecting strong parent satisfaction and a supportive community reputation.
At over 5% CAP Rate Year-1 in A-Class location, this easy-to-manage pride-of-ownership investment offers immediate cash flow in a market with very limited inventory. With fantastic demographics of $172kin a-mile radius, its location in a mature and high-priced SFR neighborhood, and area amenities/attractions/job centers, this property offers a stable and strong demand for rental units; ADU conversion unlocks further upside.