
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
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.
1400 N Garfield Ave.
Glendale
Offering Price
$
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
Detailed Brochure on Real Estate Opportunities
Price P/ Unit
$393,750
Price p/ Sq. ft.
$283
Proforma Cap Rate
7.81




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