7-u Pride-of-Ownership Lamanda Park 63 S Daisy Ave 7 Unit Apartment Building $3,016,139 CAD ($430,877 CAD/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 semi-private patio which makes it very attractive and easy to rent units.
Each unit is spacious with either carpet or wood 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. 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.
LOCATION AMENITIES AND ACCESS
Nestled in Lamanda Park—Pasadena's premier residential enclave known for its high-value single-family homes and picturesque, tree-lined streets—this 7-unit multifamily asset boasts an exceptional strategic location. Situated just south of Colorado Boulevard and one block east of Sierra Madre Boulevard, the property offers a tranquil neighborhood setting while remaining minutes from the vibrant commercial hubs of Central Pasadena, Arcadia, and the Hastings Ranch retail corridor.
Bordering the highly affluent communities of Arcadia and San Marino, the asset benefits from an outstanding local demographic profile, featuring an average household income of $172,000 within a one-mile radius.