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Listed by Jae Buck • Meridian Capital Realty
$7,900,000
Est. payment /mo
0.57 Acres Lot
New
275 N Garfield AVE Pasadena, CA 91101
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRP1-24031
Year Built 1955
Lot Size 0.574 Acres
Source California Regional MLS
Property 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
Location
State CA
County Los Angeles
Area 647 - Pasadena (Sw)
Interior
Heating Wall Furnace
Cooling Window / Wall Unit, Central Forced Air - Electric
Laundry Community Facility
Exterior
Parking Features Assigned Spaces
Garage Spaces 26.0
Pool Pool - In Ground, 31
View None
Building
Water District - Public
Others
Tax ID 5723003034
Special Listing Condition Not Applicable
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