Pasadena, CA 91104 719 721 N Garfield Avenue
$3,600,000
3 more
Presented By: Ryan Loria with Triqor Group; 949-756-3232
- MLS# PW25156120
- 07/11/2025
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
Beds • 32
Baths • 3
SQFT • 10,571
Home Details
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.
Presented By: Ryan Loria with Triqor Group; 949-756-3232
Interior Features for 719 721 N Garfield Avenue
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Total Stories2
Other Rooms
Entry Level1
General for 719 721 N Garfield Avenue
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityPasadena
Community FeaturesSidewalks
CountyLos Angeles
DirectionsDriving West on Orange Grove Blvd., Turn Right Onto N. Garfield Ave., Property Will be On Your Left
Electric Expense0.0
Entry Location/
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Gross Income320763.0
HOANo
Home Warranty Y/NNo
Insurance Expense0.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsConventional
Lot Size Square Feet13908.0
Lot Size UnitsSquareFeet
MLS Area645 - Pasadena (NW)
MobileHomeRemainsYNNo
Net Operating Income203921.0
New ConstructionNo
Number Of Units Total16
Operating Expense116842.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Lot0
Trash Expense0.0
Water Sewer Expense0.0
Year Built1963
Year Built SourcePublicRecords
ZoningPSR*
Exterior for 719 721 N Garfield Avenue
Building Area Total10571.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesIrregularLot
Lot Size Acres0.3193
Lot Size Area13908.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters16
Number of Separate Gas Meters16
Number of Separate Water Meters1
Private PoolNo
SpaNo
Total Parking0.0
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Hal Schlegel
Broker Associate