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.
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
Est.:
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
- 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#: PW25156120
Originating MLS: California Regional MLS

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Tour with a buyer's agent
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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