Seller's Agent in 2025
Jae Buck
Meridian Capital Realty
(626) 676-6902
2 in this area
22 Total Sales
275 Garfield Ave Pasadena, CA 91101
Old Town Pasadena Neighborhood
3
Beds
5
Baths
--
Sq Ft
25,012
Sq Ft
Highlights
- In Ground Pool
- Cooling System Mounted To A Wall/Window
- Accessible Parking
- 0.57 Acre Lot
- Laundry Room
- Wrought Iron Fence
About This Home
As of December 2025Welcome to 275-285 N Garfield Avenue, a rare multi-parcel investment opportunity nestled in the heart of Pasadena'sprestigious Civic Center District. Spanning two adjacent buildings with a combined total of 35 units, this charming courtyard-style property blends classic Southern California architecture with long-term rental stability. Just steps from Pasadena City Hall, the USC, Pacific Asia Museum, and the Metro Gold Line, this property is a walker's paradise with a 91 Walk Score. Both buildings feature a mixof spacious 1 & 2 bedroom layouts, offering strong in-place cash flow with potential upside through renovation or rent optimization. With high historical occupancy, dedicated parking, andproximity to major employment hubs like Caltech, Kaiser Permanente, and Huntington Hospital, 275-285 N Garfieldrepresents a strategic acquisition in one of Pasadena's most supply-constrained rental markets. Ideal for investors seeking both current income and long-term value appreciation in a prime urban corridor.Multi Family Residential Building, Across 2 APN's2 Level Building20 units in 275 N Garfield Ave19 units 285 N Garfield Ave275 N Garfield Ave 10,331 Sq Ft Living Area285 N Garfield Ave 9,702 Sq Ft Living AreaTotal Living Area Size Across 2 Parcels 20,033 sq ft275 N Garfield Ave 12,266 Sq Ft Lot285 N Garfield Ave 12,748 Sq Ft LotTotal Lot Size Across 2 Parcels 25,014 sq ft26 Combined Surface ParkingBuilt in 1950 & 1955Ideally Situated Near Old Town Pasadena, The PasadenaCourthouse & Central Library, Paseo Colorado and ConvenientAccess to the Major Transportation Routes On Colorado Boulevard and So Much More
Last Agent to Sell the Property
Meridian Capital Realty License #01880768 Listed on: 09/09/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1955
Lot Details
- 0.57 Acre Lot
- No Common Walls
- Wrought Iron Fence
- 5723-003-034
Interior Spaces
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 3 Bedrooms
- 5 Bathrooms
Parking
- 26 Parking Spaces
- Parking Available
- Assigned Parking
Accessible Home Design
- Accessible Parking
Outdoor Features
- In Ground Pool
- Exterior Lighting
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
- Standard Electricity
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 10
- Assessor Parcel Number 5723003034
- Seller Considering Concessions
Community Details
Overview
- 2 Buildings
- 35 Units
Amenities
- Laundry Facilities
Building Details
- Rent Control
- 35 Separate Electric Meters
- 34 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $16,750
- Professional Management Expense $33,107
- Trash Expense $11,254
- Operating Expense $128,594
- Gross Income $557,964
- Net Operating Income $386,859
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/30/2025 12/30/25 | Sold | $6,175,000 | -10.5% | -- |
| 10/12/2025 10/12/25 | Price Changed | $6,900,000 | -12.7% | -- |
| 09/08/2025 09/08/25 | For Sale | $7,900,000 | -- | -- |
Source: Pasadena-Foothills Association of REALTORS®
Agents Affiliated with this Home
-
Jae Buck
-
Matthew Helganz
Seller Co-Listing Agent in 2025
Matthew Helganz
Meridian Capital Realty
(626) 354-2813
1 in this area
116 Total Sales
-
Max Berger
Buyer's Agent in 2025
Max Berger
Compass
(310) 953-4562
1 in this area
37 Total Sales
Map
Source: Pasadena-Foothills Association of REALTORS®
MLS Number: P1-24031
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