ABOUT THE ASSET

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$2,350,000

$293,750

$395.09

21.24

13.79

2.53%

4.82%

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8

1954

5,948

11,400

5748-013-013

SUMMARY

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Price: 

Price/Unit:

Price/SF

Current GRM

Market GRM

Current Cap Rate

Market Cap Rate

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Units

Year Built

Building SF

Lot SF

APN

PROPERTY DESCRIPTION

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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.

PROPERTY HIGHLIGHTS

• +/- 54 RENTAL UPSIDE

• DESIRABLE UNIT MIX (2 - 1/1, 6 - 2/1)

• CENTRAL PASADENA LOCATION

• 8 CARPORT PARKING SPACES

• INDIVIDUALLY METERED FOR GAS & ELECTRIC