719-721 N Garfield Ave
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719-721 N Garfield Ave
16 Unit Apartment Building $4,100,000 ($256,250/Unit) 4.15% Cap Rate Pasadena, CA 91104
Executive Summary
The Brandon Michaels Group of Marcus & Millichap, as Exclusive Advisor, is pleased to present 719-721 N Garfield Avenue, a 10,571 square foot, 16-unit apartment building situated on 0.32 acres of land (13,908 SF), ideally located one parcel north of the NW signalized corner of Garfield Avenue and Orange Grove Boulevard in Pasadena, CA.
Property Facts
| Price | $4,100,000 | Apartment Style | Low Rise |
| Price Per Unit | $256,250 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.32 AC |
| Cap Rate | 4.15% | Building Size | 10,571 SF |
| Gross Rent Multiplier | 14.03 | No. Stories | 2 |
| No. Units | 16 | Year Built | 1963 |
| Property Type | Multifamily | Parking Ratio | 1/1,000 SF |
| Property Subtype | Apartment |
| Price | $4,100,000 |
| Price Per Unit | $256,250 |
| Sale Type | Investment |
| Cap Rate | 4.15% |
| Gross Rent Multiplier | 14.03 |
| 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 | 1/1,000 SF |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
| 2+1 | 10 | - | - |
| 3+1 | 2 | - | - |
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Walk Score ®
Walker's Paradise (90)
Bike Score ®
Biker's Paradise (97)
PROPERTY TAXES
| Parcel Number | 5725-022-010 | Improvements Assessment | $1,040,806 |
| Land Assessment | $734,100 | Total Assessment | $1,774,906 |
PROPERTY TAXES
Parcel Number
5725-022-010
Land Assessment
$734,100
Improvements Assessment
$1,040,806
Total Assessment
$1,774,906
zoning
| Zoning Code | CL1, Pasadena |
| CL1, Pasadena |
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719-721 N Garfield Ave
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