$3,600,000

719 721 N Garfield Ave Pasadena, CA 91104

Historic Highlands Neighborhood

Estimated payment $23,215/month

Total Views 2,392
6 Beds
3 Baths
10,571 Sq Ft
$341 Price per Sq Ft

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.

Listing Agent

Ryan Loria

Triqor Group Brokerage Phone: 949-756-3232 License #02006138 Listed on: 07/11/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 0.32 Acre Lot
  • Two or More Common Walls
  • Irregular Lot

Home Design

  • Apartment

Interior Spaces

  • 10,571 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Listing and Financial Details

  • Assessor Parcel Number 5725022010
  • Tax Block V
  • $3,405 per year additional tax assessments

Community Details

Building Details

  • Rent Control
  • 16 Separate Electric Meters
  • 16 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $116,842
  • Gross Income $320,763
  • Net Operating Income $203,921

Additional Features

  • 16 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Price Per Unit: 225000
  • Property Attached: Yes
  • Zoning: PSR*
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 5725022010
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: /
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 340.55

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Irregular Lot
  • Lot Size Sq Ft: 13908.00
  • Lot Size Acres: 0.3193

Multi Family

  • Gross Income: 320763.00
  • Gross Scheduled Income: 330684.00
  • Lot Size Area: 13908.0000 Square Feet
  • Net Operating Income: 203921.00
  • Number Of Separate Electric Meters: 16
  • Number Of Separate Gas Meters: 16
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 16
  • Operating Expense: 116842.00
  • Rent Control: Yes
  • Total Expenses: 116842.00

Tax Info

  • Tax Block: V
  • Tax Census Tract: 4620.01
  • TaxOtherAnnualAssessmentAmount: 3405.00

Map

Range of Values:

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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 Change Sq Ft Price
07/11/2025 07/11/25 For Sale $3,600,000 -- $341 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW25156120

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Pasadena 91104 Historic Highlands

719 721 N Garfield Ave, Pasadena, CA

This home is located at 719 721 N Garfield Ave, Pasadena, CA 91104 and is currently priced at $3,600,000, approximately $340 per square foot. This property was built in 1963. 719 721 N Garfield Ave is a home located in Los Angeles County with nearby schools including Longfellow (Henry W.) Elementary School, Charles W. Eliot Arts Magnet Academy, and Pasadena High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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Ryan Loria
Listing Agent
Ryan Loria
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Triqor Group
(714) 604-6608