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275 Garfield Avenue, Pasadena, CA 91101
Priced at Only: $6,900,000
For more Information Call Mobile: 714.478.6676
Address: 275 Garfield Avenue, Pasadena, CA 91101
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  • MLS#: P1-24031 ( Commercial/Residential )
  • Street Address: 275 Garfield Avenue
  • Viewed: 6
  • Price: $6,900,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1955
  • Bldg sqft: 0
  • Days On Market: 90
  • Additional Information
  • County: LOS ANGELES
  • City: Pasadena
  • Zipcode: 91101
  • Subdivision: Not Applicable
  • Provided by: Meridian Capital Realty
  • Contact: Jae Jae
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Welcome to 275 285 N Garfield Avenue, a rare multi parcel investment opportunity nestled in the heart of Pasadena'sprestigious 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 mixof spacious 1 & 2 bedroom layouts, offering strong in place cash flow with potential upside through renovation or rent optimization. With high historical occupancy, dedicated parking, andproximity to major employment hubs like Caltech, Kaiser Permanente, and Huntington Hospital, 275 285 N Garfieldrepresents 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's2 Level Building20 units in 275 N Garfield Ave19 units 285 N Garfield Ave275 N Garfield Ave 10,331 Sq Ft Living Area285 N Garfield Ave 9,702 Sq Ft Living AreaTotal Living Area Size Across 2 Parcels 20,033 sq ft275 N Garfield Ave 12,266 Sq Ft Lot285 N Garfield Ave 12,748 Sq Ft LotTotal Lot Size Across 2 Parcels 25,014 sq ft26 Combined Surface ParkingBuilt in 1950 & 1955Ideally Situated Near Old Town Pasadena, The PasadenaCourthouse & Central Library, Paseo Colorado and ConvenientAccess to the Major Transportation Routes On Colorado Boulevard and So Much More
Features
Accessibility Features
  1. Parking
Additional Parcels Description
  1. 5723-003-034
Assessments
  1. None
Association Fee
  1. 0.00
Common Walls
  1. No Common Walls
Cooling
  1. Electric
  2. Wall/Window Unit(s)
Country
  1. US
Current Financing
  1. None
Electric
  1. Standard
Entry Location
  1. North Garfield Avenue
Fencing
  1. Wrought Iron
Fireplace Features
  1. None
Garage Spaces
  1. 0.00
Heating
  1. Wall Furnace
Insurance Expense
  1. 16750.00
Laundry Features
  1. Community
Levels
  1. Two
Lockboxtype
  1. See Remarks
Netoperatingincome
  1. 386859.00
Number Of Separate Electric Meters
  1. 35
Number Of Separate Gas Meters
  1. 34
Parcel Number
  1. 5723003034
Parking Features
  1. Assigned
Pool Features
  1. In Ground
Professionalmanagementexpense
  1. 33107.00
Property Type
  1. Commercial/Residential
Sewer
  1. Public Sewer
Sourcesystemid
  1. 2025080702102777318100...
Sourcesystemkey
  1. 20250807021027773181000000:CRF
Spa Features
  1. None
Subdivision Name Other
  1. Not Applicable
Tenant Pays
  1. Electricity
  2. Gas
Totalexpenses
  1. 128594.00
Trash Expense
  1. 11254.00
View
  1. None
Water Source
  1. Public
Year Built
  1. 1955
Year Built Source
  1. Public Records
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Mobile: 714.478.6676
  5. Fax: 714.975.9953
  6. salesbyxavier@gmail.com
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