Pasadena, CA91101
| 0 sqft | MLS# P1-24031
Tract: Not Applicable
For Sale $7,900,000
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
Facts
| Built in 1955 | Lot Size: 25014.00 sqft | HOA Dues: $0/month
Features
Listing provided by Jae Buck, Meridian Capital Realty
Based on information from California Regional Multiple Listing Service, Inc. as of September 9, 2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
