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719 721 N Garfield Avenue, 
Pasadena, CA 91104

$3,600,000

—

Bed

—

Bath

10,571

Sq Ft

Multi-Family

Active

Listed by

Ryan Loria

Triqor Group

949-756-3232

Last updated:

August 30, 2025, 10:34 AM

MLS#

PW25156120

Source:

CRMLS

About This Home

719 721 N Garfield Avenue

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.

Home Facts

Multi-Family

Built in 1963

Price Summary

3,600,000

$340 per Sq. Ft.

MLS #:

PW25156120

Last Updated:

August 30, 2025, 10:34 AM

Added:

1 month(s) ago

Rooms & Interior

Interior

Living Area:

10,571 Sq. Ft.

Structure

Structure

Building Area:

10,571 Sq. Ft.

Year Built:

1963

Lot

Lot Size (Sq. Ft):

13,908

Finances & Disclosures

Finances

Price:

$3,600,000

Price per Sq. Ft:

$340 per Sq. Ft.

Source:CRMLS
The information being provided by California Regional MLS (Southern California) is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS (Southern California). Coldwell Banker Leaders is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Coldwell Banker Leaders, a broker participant of California Regional MLS (Southern California). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by California Regional MLS (Southern California) and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2021 California Regional MLS (Southern California). All rights reserved.

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