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423 N Garfield Ave
Pasadena, CA 91101
Multifamily Property For Sale
·
12 Units
Investment Highlights
- High Rental Demand Location in the City of Pasadena
- 4.72% Cap Rate on Current Income, 7.57% Cap Rate at Market Rents
- Historically High Occupancy
- Extremely Attractive Assumable Financing Available – 3.68% Interest Only through Until 2029/ Interest Only - Until 2027
- Potential for Rental Upside – Opportunity for Approximately 39% Rental Growth to Achieve Market Rents
- Well-Maintained Property Situated on ±11,875 SF Lot
Property Facts
| No. Units | 12 | Lot Size | 0.28 AC |
| Property Type | Multifamily | Building Size | 16,168 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1962 |
| Building Class | C | Parking Ratio | 1.51/1,000 SF |
| Zoning | PSR3 - Public / Semi-Public, Regional-Serving | ||
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 16,168 SF |
| No. Stories | 2 |
| Year Built | 1962 |
| Parking Ratio | 1.51/1,000 SF |
| Zoning | PSR3 - Public / Semi-Public, Regional-Serving |
Amenities
Unit Amenities
- Ceiling Fans
- Kitchen
- Tub/Shower
- Views
- Carpet
- Vinyl Flooring
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | $1,537 | 700 |
| 2+1 | 4 | $2,164 | 925 |
Property Taxes
| Parcel Number | 5725-027-026 | Improvements Assessment | $768,700 |
| Land Assessment | $960,878 | Total Assessment | $1,729,578 |
Property Taxes
Parcel Number
5725-027-026
Land Assessment
$960,878
Improvements Assessment
$768,700
Total Assessment
$1,729,578
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