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For sale
  • Listing Provided by: 

    Ryan Loria DRE #02006138 949-756-3232,

    Triqor Group

    $3,600,000

    719-721 N Garfield Ave, Pasadena, CA 91104

    32beds
    16baths
    10,571sqft
    : 
    Multi Family
    Built in 1963
    -- sqft lot
    $-- Zestimate®
    $341/sqft
    $-- HOA

    What's special

    Gated communityNew roofCovered parkingFresh exterior paintGas cookingShared laundry facilityDual-pane windows
    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.
    5 days
    on Zillow
    |
    125
    |
    6
    |

    Zillow last checked: 7 hours ago

    Listing updated: July 11, 2025 at 01:42pm

    Listing Provided by:

    Ryan Loria DRE #02006138 949-756-3232,

    Triqor Group

    Source: CRMLS,MLS#: PW25156120MLS LogoOriginating MLS: California Regional MLS
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 719-721 N Garfield Ave.

    Next available tour time:Today at 6pm

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 32
    • Bathrooms: 16
    Appliances
    • Laundry: Common Area
    Features
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 10,571
    • Total interior livable area: 10,571 sqft

    Property

    Features
    • Entry location: /
    • Pool features: None
    Lot
    • Size: 0.32 Acres
    • Features: Irregular Lot
    Details
    • Parcel number: 5725022010
    • Zoning: PSR*
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 1963

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Features: Sidewalks
    Location
    • Region: Pasadena

    Financial & listing details

    • Price per square foot: $341/sqft
    • Date on market: 7/11/2025
    • Listing terms: Conventional
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