719 721 N Garfield Avenue

Pasadena, CA 91104

  • 0 Bed(s)
  • 0 Bath(s)
  • 10,571 Sqft
  • 13908
    Sqft(Lot)
$3,600,000

Description

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.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    50403467

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

  • Building Information

    • Year Built: 1963
    • Building Area Total: 10,571

    Pool Features

    • None

    Laundry Features

    • Common Area

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.3193
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 13908

  • Listing Price Information

    • Original List Price: 3,600,000
    • Listing Contract Date: 2025-07-11

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 5725022010

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 645 - Pasadena (NW)
    • Postal Code Plus 4: 4216
    • Directions: Driving West on Orange Grove Blvd., Turn Right Onto N. Garfield Ave., Property Will be On Your Left
    • Zoning: PSR*
    • Source Property Type: Residential Income
    • Area: 645 - Pasadena (NW)
    • Property SubType: Apartment

    Building and Construction

    • Property Age: 62
    • Common Walls: 2+ Common Walls
    • Structure Type: Apartment
    • Year Built Source: Public Records
    • Entry Level: 1
    • Entry Location: /
    • Property Attached: Yes
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BuyOwner last updated this listing 07/26/2025 @ 06:14

  • MLS: PW25156120
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 10,571 sqft, 13,908 sized lot, and 0 parking. are nearby neighborhoods.