719 721 N Garfield Avenue, Pasadena, CA 91104

Local realty services provided by:ERA Excel Realty
719 721 N Garfield Avenue,Pasadena, CA 91104
$3,400,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Sold
Listed by:ryan loria
Office:triqor group
MLS#:PW25156120
Source:CRMLS

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Price summary

  • Price:$3,400,000

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:76 day(s) ago
  • Updated:September 26, 2025 at 06:43 AM

Structure and exterior

  • Year built:1963

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$3,400,000
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