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719-721 N Garfield Ave
Pasadena, CA 91104
Multifamily Property For Sale
·
16 Units
Investment Highlights
- Excellent Unit Mix Consisting of Majority 2-Bedroom Units
- Value-Add Opportunity with Approximately 48% Upside
- 5.7% Cap Rate on Current, 9.7% with Market Rents
- New Roof Installed in 2020, Seismic Retrofit Completed
Property Facts
| No. Units | 16 | Lot Size | 0.32 AC |
| Property Type | Multifamily | Building Size | 10,571 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1963 |
| Building Class | C | Parking Ratio | 1.51/1,000 SF |
| Zoning | CL1, Pasadena | ||
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 10,571 SF |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 1.51/1,000 SF |
| Zoning | CL1, Pasadena |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $1,236 | 450 |
| 2+1 | 12 | $1,748 | 650 |
| 3+1 | 2 | $1,802 | 850 |
Property Taxes
| Parcel Number | 5725-022-010 | Improvements Assessment | $1,061,622 |
| Land Assessment | $748,782 | Total Assessment | $1,810,404 |
Property Taxes
Parcel Number
5725-022-010
Land Assessment
$748,782
Improvements Assessment
$1,061,622
Total Assessment
$1,810,404
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