719-721 N Garfield Ave
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719-721 N Garfield Ave
16 Unit Apartment Building $5,901,089 CAD ($368,818 CAD/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 | $5,901,089 CAD | Apartment Style | Low Rise |
| Price Per Unit | $368,818 CAD | 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 | $5,901,089 CAD |
| Price Per Unit | $368,818 CAD |
| 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
- Dishwasher
- Disposal
- Heating
- Kitchen
- Oven
- Range
- Dining Room
- Family Room
Site Amenities
- Smoke Detector
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 | $1,492,589 CAD |
| Land Assessment | $1,052,751 CAD | Total Assessment | $2,545,339 CAD |
PROPERTY TAXES
Parcel Number
5725-022-010
Land Assessment
$1,052,751 CAD
Improvements Assessment
$1,492,589 CAD
Total Assessment
$2,545,339 CAD
zoning
| Zoning Code | CL1, Pasadena |
| CL1, Pasadena |
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719-721 N Garfield Ave
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