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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 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

Features
: In ground
: Wall Furnace
: Electric, Wall/window Unit(s)
: No
2
: Community
0
: Curbs, Street Lights
Additional Information
Meridian Capital Realty
0
p18871
PF10593
Jae
5723003034
: Standard
Two
25

Multi-Family For Sale

275 Garfield Avenue, Pasadena, California 91101

$7,900,000
Listing ID #P1-24031
Basic Details
Status : Active
DaysOnMarket : 7
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : P1-24031
Price : $7,900,000
Lot Size : 25,014 Sqft
Year Built : 1955
Country : US
State : California
County : Los Angeles
City : Pasadena
Zipcode : 91101
Subdivision : Not Applicable
ModificationTimestamp : 2025-09-09 11:41:16
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