275 N Garfield Avenue Pasadena, CA $ 6,900,000
275 N Garfield Avenue
$ 6,900,000
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275 N Garfield Avenue

Pasadena, CA, 91101
$ 6,900,000
Baths1.0

Monthly Estimate*

$ 43,047

Listed by Meridian Capital Realty
275 N Garfield Avenue, Pasadena, CA 91101 - Image 1
275 N Garfield Avenue, Pasadena, CA 91101 - Image 2
275 N Garfield Avenue, Pasadena, CA 91101 - Image 3
275 N Garfield Avenue, Pasadena, CA 91101 - Image 4
275 N Garfield Avenue, Pasadena, CA 91101 - Image 5
275 N Garfield Avenue, Pasadena, CA 91101 - Image 6
275 N Garfield Avenue, Pasadena, CA 91101 - Image 7
275 N Garfield Avenue, Pasadena, CA 91101 - Image 8
275 N Garfield Avenue, Pasadena, CA 91101 - Image 9
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Studio

Multi-Family Home for sale in Pasadena, CA

for $6,900,000 with 1 full bath. This home was built in 1955 on a lot size of 0.5742.

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

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Multi-Family Contingent

Price

$ 6,900,000

Bedrooms

Studio

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.5742

Year Built

1955

Town/City

Pasadena

County/Region

Los Angeles

MLS | Web ID

P124031

Days on Market

147

Features
General
Sewer Public Sewer
Heating Wall Furnace
Cooling Electric Wall/Window Unit(s)
HOA Fee 0
Garage Spaces 0
Pool Features In Ground
Year Built 1955
Electric Standard
Tenant Pays Electricity Gas
View None
Stories Count 2
Levels Two
Property Subtype Mixed Use
Gross Income 557964
Community Features Curbs Street Lights
Accessibility Parking
Additional Parcels Description 5723-003-034
County Los Angeles
Net Operating Income 386859
Operating Expense 171105
Insurance Expense 16750
Property Type Residential Income
Subdivision Name Not Applicable
Garage Y/N false
Special Listing Conditions Standard
Status Active Under Contract
Directions Take Garfield North of Walnut Street 1/2 way up the block up on the lefthand side.
City Pasadena
Disclosures Rent Control
Entry Location North Garfield Avenue
Senior Community Y/N false
Number Of Units Total 35
MLS Area 647 - Pasadena (SW)
Lot Size Units Square Feet
Lot Size Square Feet 25014
Listing Terms Cash Cash to New Loan
Spa Features None
Property Attached Y/N false
Land Lease Y/N false
Current Financing None
Trash Expense 11254
Additional Parcels Y/N true
Rent Control Y/N true
Standard Status Active Under Contract
Year Built Source Public Records
Tax Lot 10
Property Sub Type Additional Mixed Use
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Interior
Fireplace Features None
Total Stories 2
Common Walls No Common Walls
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Laundry Features Common Area
Total Baths 0
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Exterior
Fencing Wrought Iron
Parking Features Assigned
Water Source Public
Total Parking 26
Lot Size Area 25014
Number of Buildings 2
Spa false
Lot Size Acres 0.5742
Private Pool true
Lot Size Source Public Records
Number of Separate Water Meters 1
Number of Separate Gas Meters 34
Number of Separate Electric Meters 35
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* Excluded Features
List By
Meridian Capital Realty

Broker

jaejaebuck@gmail.com

Email

Affordability Calculator

$43,047
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Monthly Principal & Interest
$43,047
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Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/20/2025$6,900,000 Listed Price

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275 N Garfield Avenue, Pasadena, CA, 91101 is a Multi-Family Home for sale at $6,900,000 with a lot size of 0.5742. 275 N Garfield Avenue is a studio with 1.0 baths and was built in 1955. The property's zip code is 91101 which is in Pasadena, CA