
Multifamily listing
1400 n garfield
for sale in
Pasadena
Pasadena 4Plex w/ Vacant Unit @ 12.77 GRM & 36% Upside
Listed Price
$
1,575,000
4
Number of Units
1932
Year Built
5,570
SF
Square Footage
10,881
SF
Lot Size
PS2
Zoning
1400 N Garfield Ave, Pasadena, CA 91104
About the Property
1400 N Garfield is a fourplex that combines scale, flexibility, and clear upside. Set on an oversized lot in a quiet Pasadena neighborhood, 1400 N Garfield is well-positioned for an owner-user or an investor looking to capture strong in-place income with additional potential.
For Los Angeles multifamily investors, 1400 N Garfield offers meaningful advantages. The large parcel provides both privacy and functionality, and offers an ADU opportunity (buyer to verify), giving 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.
1400 N Garfield Unit Mix and Layout
1400 N Garfield features four distinct units across two buildings, each with character and appeal.
Front Building:
2-bedroom, 2-bath + loft unit (approx. 1,500 SF) with fireplace, French doors, and classic architectural details
4-bedroom, 2.5-bath unit (approx. 1,677 SF) with fireplace, French doors, and classic architectural details
Rear Building:
Two matching 3-bedroom, 2-bath units with the upper unit featuring a private deck and the lower unit opening to a full-length patio
The diverse unit sizes at 1400 N Garfield appeal to different tenant profiles. The larger units attract families, while the 2-bedroom appeals to young professionals and couples. This variety supports consistent occupancy and rental rate stability.
Property Amenities and Recent Upgrades
1400 N Garfield has received significant recent upgrades that enhance both tenant appeal and operational stability.
Recent improvements include new roofs, copper plumbing, a resurfaced driveway, earthquake retrofit, fresh exterior paint, and landscaping. These upgrades give 1400 N Garfield stability and ease of management, reducing near-term capital expenditure risk. Amenities include 1-car garages with in-unit laundry for the front units, surface parking between the two buildings, covered carport parking, and community laundry for the rear units.
Location and Neighborhood Appeal
1400 N Garfield benefits from a location that appeals to Pasadena's diverse tenant base. 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.
For Los Angeles multifamily investors, the location at 1400 N Garfield offers both lifestyle appeal and employment proximity. The proximity to Old Town Pasadena and the Rose Bowl attracts tenants seeking urban convenience and recreation. The San Gabriel Valley job centers ensure consistent employment-driven demand for housing.
Scale and ADU Potential
One of the most compelling aspects of 1400 N Garfield is the oversized lot. The large parcel at 1400 N Garfield provides meaningful upside potential beyond the current four units.
The ADU opportunity (buyer to verify) offers future ownership a valuable path to increased density. For Los Angeles multifamily investors, this represents additional income potential and long-term value creation. The lot size and configuration at 1400 N Garfield make ADU development feasible, though buyers should verify zoning and feasibility requirements.
Investment Strategy and Ownership Flexibility
1400 N Garfield appeals to multiple ownership strategies. Owner-users can occupy one unit while generating income from the other three, leveraging the property's scale and diverse unit mix. The recent upgrades and stable condition make 1400 N Garfield immediately manageable for owner-occupants.
Investors can capture strong in-place income from all four units. Pasadena's consistent rental demand, paired with the property's scale and lot size, makes 1400 N Garfield a compelling opportunity for long-term ownership and appreciation.
1400 N Garfield Ave.
Glendale
Listed Price
$1,575,000
Number of Units
4 Units
Price per. Unit
$393,750
Bldg. Size
5,570 SF
Price per Foot
$283
Lot Size
10,881 SF
Year Built
1932
Current CAP
5.17
Market CAP
7.81
Zoning
PS2
Download the OM to view Property Highlights, Financials & Sales Comparables
Price P/ Unit
$393,750
Price p/ Sq. ft.
$283
Proforma Cap Rate
7.81




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