Sold for $3,400,000

Listed by: Triqor Group • Ryan Loria • Contact: 949-756-3232

Bought with: Triqor Group

$3,400,000

719-721 N Garfield Ave, Pasadena, CA 91104

32beds

16baths

10,571sqft

Multi Family

Built in 1963

-- sqft lot

$3,395,700 Zestimate^®

$322/sqft

$2,620 Estimated rent

Home value

$3,395,700

$3.09M - $3.74M

$2,620/mo

Zestimate^® history

Owner options

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$2,620/mo

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$2,620/mo

Rent Zestimate^®

Refinance and save

$21,667/mo

Est. payment

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$21,667/mo

Est. payment

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What's special

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.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 32
Bathrooms: 16

Appliances

Laundry: Common Area

Features

Common walls with other units/homes: 2+ Common Walls

Interior area

Total structure area: 10,571
Total interior livable area: 10,571 sqft

Property

Features

Entry location: /
Pool features: None

Lot

Size: 0.32 Acres
Features: Irregular Lot

Details

Parcel number: 5725022010
Zoning: PSR*
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family
Attached to another structure: Yes

Condition

New construction: No
Year built: 1963

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Sidewalks

Location

Region: Pasadena

Financial & listing details

Price per square foot: $322/sqft
Date on market: 7/11/2025
Cumulative days on market: 68 days
Listing terms: Conventional

Price history

Date	Event	Price
9/17/2025	Sold	$3,400,000-5.6%$322/sqft
Source: CRMLS #PW25156120 Report a problem
7/11/2025	Listed for sale	$3,600,000$341/sqft
Source: CRMLS #PW25156120 Report a problem