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$3,600,000
New Listing
719 721 N Garfield AvenuePasadena, CA 91104
For Sale|Apartment|Active
0
Beds
0
Total Baths
10,571
SqFt
$341
/SqFt
1963
Built
County:
Los Angeles
Listed by Ryan Loria of Triqor Group [email protected]
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Monthly Payment (Est.)
$16,425Calculator powered by Showcase IDX, a Constellation1 Company. Copyright ©2025 Information is deemed reliable but not guaranteed.
Garfield Apartments is a well-located, 16-unit, value-add opportunity in the desirable city of Pasadena, CA. This gated community features an attractive unit mix of 1, 2, and 3-bedroom units. Property amenities include covered parking, gas cooking, individual gas and electric meters, and a shared laundry facility. Recent capital improvements include soft-story retrofitting, a new roof (2020), dual-pane windows, and fresh exterior paint. Garfield Apartments offers investors a compelling opportunity to acquire a value-add asset with strong in-place income and significant upside; approximately 48% upside in rents. The property is operating at a 5.7% cap rate with current rents, 9.7% with market rents.
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Listing Snapshot
Price
$3,600,000
Days On Site
0 Days
Bedrooms
N/A
Inside Area (SqFt)
10,571 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.3193 Acres
Year Built
1963
MLS® Number
PW25156120
Status
Active
Property Tax
N/A
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
Recent Activity
| 18 hours ago | Listing first seen on site | |
| 18 hours ago | Listing updated with changes from the MLS® |
General Features
Acres
0.3193
Number Of Stories
2
Property Sub Type
Apartment
Sewer
Public Sewer
Special Circumstances
Standard
SqFt Total
10571
Water Source
Public
Zoning
PSR*
Interior Features
Laundry Features
Common Area
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Exterior Features
Lot Features
Irregular Lot
Pool Features
None
Community Features
Building Access
/
Community Features
Sidewalks
Financing Terms Available
Conventional
MLS Area
645 - Pasadena (NW)
This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
Neighborhood & Commute
Source: Walkscore
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