719 721 N Garfield Avenue, Pasadena, CA 91104

About this property

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 description from the September 2025 sale, as reported to CRMLS.

Sale history

$3,400,000

Sold September 2025 · listed $3,600,000, on market July 2025 · MLS #PW25156120 · Source: CRMLS

Listing Agent: Ryan Loria · Listing Office: Triqor Group · Contact: 949-756-3232 · Bought with: Ryan Loria · Triqor Group

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