Link Copied
Listed price in listed location currency (USD).
$3,400,000
$3,600,000

000

MLS® PW25156120

  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Residential Income
Size -
Garage No
HOA Fees 
Taxes 
Approx. Age 1963
MLS® Number PW25156120

Property Address: 719 N Garfield Avenue, Pasadena, CA, 91104

Average square foot calculated using Size range provided by listing agent.

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.
MLS® NumberPW25156120
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry LevelCommon Area
Exposure
Exterior
GarageNo
Approx. Age1963
Stories2
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Similar Listings

Price History

Sep 17, 2025End Date
$3,400,000Sold Price

Sold

Jul 11, 2025List Date
$3,600,000List Price
  • Commute

Commute

Starting Address
Destination Address
719 N Garfield Avenue, Pasadena, CA

Comparable Properties