719 721 Garfield

Pasadena, CA, 91104
For Sale $3,600,000
  • 0.32acre
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.

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Interested in this property or one like it? Reach out today to talk with advertising agent Shen Schulz.

Listed by:
Ryan Loria with Triqor Group
(949) 756-3232
719 721 Garfield is a Residential Income Apartment property located in Pasadena, California, featuring a 0.319 acre lot, MLS #PW25156120.

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Data last modified: 2025-07-11 20:42:33