$6,175,000
SOLD DEC 30, 2025

275 Garfield Ave Pasadena, CA 91101

Old Town Pasadena Neighborhood
3 Beds
5 Baths
-- Sq Ft
0.57 Acres

Recently Sold

22% Below List Price

113 Days on Market

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 2025

Welcome 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

Jae Buck

Meridian Capital Realty License #01880768 Listed on: 09/09/2025

Co-Listed By

Matthew Helganz

Meridian Capital Realty License #01435250

Last Buyer's Agent

Max Berger

Compass License #02054048

Compass

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

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Assessments: No
  • Professional Management Expense: 33107.00
  • Property Attached: No
  • Subdivision Name Other: Not Applicable
  • View: No
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 5723003034
  • Year Built: 1955
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: No Common Walls
  • Accessibility Features: Parking
  • Appliances: Yes
  • Levels: Two

Exterior Features

  • Fence: Yes
  • Fencing: Wrought Iron
  • Pool Features: In Ground
  • Pool Private: Yes
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 26.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 11254.00
  • Water Source: Public
  • Cooling: Electric, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Street Lights

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 5723-003-034
  • Land Lease: No
  • Lot Size Sq Ft: 25014.00
  • Lot Size Acres: 0.5742

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 557964.00
  • Gross Scheduled Income: 557964.00
  • Insurance Expense: 16750.00
  • Lot Size Area: 25014.0000 Square Feet
  • Net Operating Income: 386859.00
  • Number Of Separate Electric Meters: 35
  • Number Of Separate Gas Meters: 34
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 35
  • Operating Expense: 171105.00
  • Rent Control: Yes
  • Total Expenses: 128594.00

Tax Info

  • Tax Lot: 10

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jae Buck

    Seller's Agent in 2025

    Jae Buck

    Meridian Capital Realty

    (626) 676-6902

    2 in this area

    21 Total Sales

    Jae Buck
    Section Image
  • Matthew Helganz

    Seller Co-Listing Agent in 2025

    Matthew Helganz

    Meridian Capital Realty

    (626) 354-2813

    1 in this area

    119 Total Sales

    Matthew Helganz
    Section Image
  • Max Berger

    Buyer's Agent in 2025

    Max Berger

    Compass

    (310) 953-4562

    1 in this area

    37 Total Sales

    Max Berger
    Section Image
See All Agents

Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P1-24031

Pasadena-Foothills Association of REALTORS®
California Los Angeles County Pasadena 91101 Old Town Pasadena

275 Garfield Ave, Pasadena, CA

Sold

MultiFamily

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