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Sold on 12/30/2025
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275 N Garfield Ave, Pasadena, CA 91101

$6,175,000

Last sold 12/30/2025 after 156 Days

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    bed

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    bath

Multi-family not for sale

About 275 N Garfield Ave

Property type Multi-family
Neighborhood
Year built 1955
HOA fee $0/month
Lot size 0.57 Acre
Rental estimate
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
Listed by
Listing Agent - Jae L Buck
Listing Office - Meridian Capital Realty
Source: CRMLS mls logo
MLS#P1-24031 • last updated 10 months ago
Movoto checked CRMLS for data 1 minute ago
Overview
Levels/Style Two
Type Residential Income
SubType Commercial/Residential
Status Closed
Lot Size (Acres) 0.5742
Lot Size (SqFt) 25014
Year Built 1955
Interior
Laundry Community
Accessibility Features Parking
Exterior
Parking Assigned
# Parking Spaces 26
Amenities / Utilities
Fireplaces None
Sewer/ Septic Public Sewer
Water Source Public
Electric Standard
Spa None
Pool In Ground
Location
View None
County Los Angeles
Community Features Curbs, Street Lights
Subdivision Not Applicable, Not Applicable
Directions Take Garfield North Of Walnut Street 1/2 Way Up The Block Up On The Lefthand Side.
APN 5723003034
Multifamily Details
Vacancy Allowance 3
Expense: Trash 11254
Operating Expense 171105
Expense: Insurance 16750
Total Expenses 128594
Gross Income 557964
Gross Scheduled Income 557964
Rental est.: $1,749/month
Gross rent multiplier: 294.2
  • Dec 2025
    mls logo MLS # P1-24031
  • Dec 30, 2025 Sold
    $6,175,000
  • Nov 24, 2025 Active
    —
  • Oct 12, 2025 Price Change
    $6,900,000 (-12.7%)
  • Jul 27, 2025 Listed
    $7,900,000
  • Dec 2025
    Public Records
  • Dec 30, 2025 Sold
    $6,175,000 (-10.5%)
  • Year Property taxes Tax assessment
  • 2025
    $7,228 +5.9%
    $307,381 +1.96%
  • 2024
    $6,827 +0.8%
    $301,460 +1.96%
  • 2023
    $6,775 +2.4%
    $295,656 +1.96%
  • 2022
    $6,614 +4.0%
    $289,965 +1.96%
  • 2021
    $6,362 +2.3%
    $284,386 +1.02%
  • 2020
    $6,219
    $281,526
  • 275 N Garfield Ave
    $6.17M
  • Downtown Pasadena
    $968K +7% y/y
  • 91101
    $860K -8% y/y
  • Pasadena
    $1.18M -7% y/y
No chart available
Statistics calculated by Movoto

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Source: GreatSchools.org © 2026. All rights reserved.

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The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
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