1400 N Garfield Ave - Multi-Family FOR SALE


Pasadena, CA 91104- La Pintoresca Park
$1,575,000 USD
310-968-7005
1400 N Garfield Ave, Pasadena, CA for Sale
$1,575,000 USD
Multi-Family - FOR SALE
1/15
null | 4.1% Cap Rate

1400 N Garfield Ave
Pasadena, CA 91104
La Pintoresca Park


HIGHLIGHTS

  • 10,881 SF lot with privacy & functionality, and offers an ADU opportunity (buyer to verify), giving future ownership a path to added cash flow.
  • The front building includes a 2-bdrm, 2-bath & loft unit(1,500 SF), and a 4-bdrm & 2.5-bath unit of (1,677 SF), each with fireplaces & french doors.
  • In the rear, two matching 3-bdrm & 2-bath units, with the upper unit featuring a private deck and the lower unit opening to a full-length patio.
  • Amenities include a 1-car garage with in-unit laundry for the front units, parking between the 2 buildings, covered parking, and community laundry.
  • Extensive upgrades including new roofs, copper plumbing, complete exterior paint, landscaping, earthquake retrofit, and resurfaced driveway.
  • Pasadena’s consistent rental demand, paired with the property’s scale and lot size, makes 1400 N. Garfield a opportunity for investors and owner-users

OVERVIEW

Set on an oversized lot in a quiet Pasadena neighborhood, 1400 N. Garfield is a fourplex that combines scale, flexibility, and clear upside. With unit layouts that feel more like individual homes, this property is well-positioned for an owner-user or an investor looking to capture strong in-place income with additional potential. The large parcel offers both privacy and functionality, and provides an ADU opportunity (buyer to verify), offering future ownership a valuable path to increased density. The unit mix is ideal for Pasadena's tenant base, offering sizes and layouts that appeal to growing families and young professionals alike. The front building includes a 2-bdrm, 2-bath + loft unit of approx. 1,500 SF and a 4-bdrm, 2.5-bath unit of approx. 1,677 SF, each with fireplaces, French doors, and classic architectural details. In the rear, two matching 3-bdrm, 2-bath units provide further scale, with the upper unit featuring a private deck and the lower unit opening to a full-length patio. Recent upgrades, including new roofs, copper plumbing, a resurfaced driveway, earthquake retrofit, fresh exterior paint, and landscaping, give the property stability and ease of management. Property amenities include a 1-car garage with in-unit laundry for the front units, surface parking between the 2 buildings, covered carport parking, and community laundry for the rear units. The location adds another layer of strength. Tenants are within minutes of Old Town Pasadena, the Rose Bowl, neighborhood retail along Washington and Lake, and major job centers throughout the San Gabriel Valley. Pasadena's consistent rental demand, paired with the property's scale and lot size, makes 1400 N. Garfield is a compelling opportunity for both investors and owner-users.

FOR SALE DETAILS

PRICE

$1,575,000 USD

PRICE/SF

$283 USD /SF

# OF UNITS

4

PRICE/UNIT

$393,750

CAP RATE

4.1%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

5,570 SF 4Plex on 10,881 SF Lot in Pasadena

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1932

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,881 SF

ZONING

PSR3

APN/PARCEL ID

5538-014-005

ASK ABOUT THIS PROPERTY

Kenny StevensCompassMore Info
310-968-7005

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Kenny StevensCompassMore Info
310-968-7005

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.