We are pleased to present Garfield Apartments, a well maintained, value add multifamily community located in Pasadena, California. The property features an attractive unit mix of spacious 1 and 2 bedroom units, catering to strong and consistent renter demand in this desirable submarket. Garfield Apartments offers a compelling value add opportunity, with approximately 35% upside in rents. The property currently operates at a 5.1% cap rate and has the potential to achieve an 8% cap rate with market rents. Property amenities include covered parking, gas cooking, individual gas and electric meters, and a shared on site laundry facility. A key differentiator of the offering is the highly attractive assumable financing, featuring a 3.58% interest rate, interest only until 2027, and fixed until 2029. The $1.5 million assumable loan significantly enhances leveraged returns and provides a hedge against todays interest rate environment. Garfield Apartments represents a rare opportunity to acquire a stabilized, well located asset with strong in place income, favorable financing, and substantial upside.