Income Property
$ 8,100,000.00
- Date added: 08/08/25
- Bedrooms: 39
- Status: Active
- Bathrooms: 35
- Floors: 2
- Area: 20033 sq ft
- Lot size: 25014 sq ft
- Year built: 1950 and 1955
- GARAGE / PARKING: 26
Description
Welcome to 275–285 N Garfield Avenue, a rare multi-parcel investment opportunity nestled in the heart of Pasadena’s prestigious Civic Center District. Spanning two adjacent buildings with a combined total of 35 units, this charming courtyard-style property blends classic Southern California architecture with long-term rental stability. Just steps from Pasadena City Hall, the USC Pacific Asia Museum, and the Metro Gold Line, this property is a walker’s paradise with a 91 Walk Score. Both buildings feature a mix of spacious studio and one-bedroom layouts, offering strong in-place cash flow with potential upside through renovation or rent optimization. With high historical occupancy, dedicated parking, and proximity to major employment hubs like Caltech, Kaiser Permanente, and Huntington Hospital, 275–285 N Garfield represents a strategic acquisition in one of Pasadena’s most supply-constrained rental markets. Ideal for investors seeking both current income and long-term value appreciation in a prime urban corridor.
- Multi Family Residential Building, Across 2 APN’s
- 2 Level Building
- 20 units in 275 N Garfield Ave
- 19 units 285 N Garfield Ave
- 275 N Garfield Ave 10,331 Sq Ft Living Area
- 285 N Garfield Ave 9,702 Sq Ft Living Area
- Total Living Area Size Across 2 Parcels 20,033 sq ft
- 275 N Garfield Ave 12,266 Sq Ft Lot
- 285 N Garfield Ave 12,748 Sq Ft Lot
- Total Lot Size Across 2 Parcels 25,014 sq ft
- 26 Combined Surface Parking
- Built in 1950 & 1955
- Ideally Situated Near Old Town Pasadena, The Pasadena Courthouse & Central Library, Paseo Colorado and Convenient Access to the Major Transportation Routes On Colorado Boulevard and So Much More
