719 721 N Garfield Avenue, Pasadena, CA 91104

Local realty services provided by:Better Homes and Gardens Real Estate Wine Country Group
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719 721 N Garfield Avenue,Pasadena, CA 91104
$3,600,000
  • - Beds
  • - Baths
  • 10,571 sq. ft.
  • Multi-family
  • Active
Listed by:ryan loria
Office:triqor group
MLS#:PW25156120
Source:CRMLS

Price summary

  • Price:$3,600,000
  • Price per sq. ft.:$340.55

About this home

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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Home facts

  • Year built:1963
  • Listing Id #:PW25156120
  • Added:34 day(s) ago
  • Updated:August 13, 2025 at 10:36 AM

Rooms and interior

  • Living area:10,571 sq. ft.

Structure and exterior

  • Year built:1963
  • Building area:10,571 sq. ft.
  • Lot area:0.32 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$3,600,000
  • Price per sq. ft.:$340.55
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