#AR24210715, Han Chen, Listing Office: Growth Investment Group Pasade
#CV24211539·
Listing Office: CB RICHARD ELLIS·
Listing Agent: ERIC CHEN·
Listing Office Phone: 626-757-5717
423 N Garfield Ave Pasadena, CA 91101
$3,100,000 List price
0.3 acres
Condo
Property details
About 423 N Garfield Ave
We are excited to exclusively offer a prime 12-unit multifamily investment opportunity in the heart of Pasadena’s coveted Villa Parke neighborhood. Strategically located at 423 N Garfield Avenue, just steps from the 210 Freeway, this property boasts approximately 9,272 square feet of rentable space on a generous 11,875 square foot lot. This exceptional property offers unparalleled potential in Pasadena’s vibrant market. This exceptional property offers unparalleled investment potential in Pasadena’s vibrant market. With its prime location and strong tenant demand, this asset presents a unique opportunity for significant rental growth. 423 N Garfield Avenue is ideally positioned within walking distance of the eclectic and historic Old Town Pasadena, a cultural hub brimming with over 300 businesses offering diverse shopping, dining, and entertainment options. Additionally, the property is just a mile away from the renowned Pasadena Playhouse District, a premier destination known for its world-class theater, museums, galleries, and upscale eateries. This prime location provides residents with easy access to a wealth of amenities, cultural experiences and top employers. The property features mature lush landscaping, laundry facility, carport and surface street parking. Units features include fully equipped kitchens with gas stoves and appliances, wall air conditioning and heating, wood-like flooring throughout, carpet in bedrooms, ceiling fans and vertical blinds. The city of Pasadena is ideally located within Southern California Offering easy access to the 210, 134, 110, 2 and 5 freeways connecting to all of Los Angeles County, Ventura County, and beyond. Its location offers convenient access to neighboring cities within the San Gabriel Valley and San Fernando Valley. Significant local landmarks within a 20-mile radius include: The Huntington Library, Brookside Golf Course, The Rose Bowl, Dodger Stadium, Crypto. com Arena, Santa Anita Park, Griffith Observatory, Los Angeles Zoo, Hollywood Walk of Fame, Los Angeles County Arboretum, Hollywood Bowl, Universal Studios, and more. 423 N Garfield Avenue is a prime Pasadena income-producing property and a great long-term investment. The property is in a highly desirable area and offers stability for any type of investor, whether it may be a first-time purchaser, seasoned investor, or a 1031 exchange buyer.
Highlights
Home typeCondominium
HeatingWall Furnace
StatusActive
CoolingWall/Window Unit(s)
Lot size0.2726 Acres
Year built1962
MLS #CV24211539
Summary
- MLS Number: CV24211539
- MLS Name: CRMLS
- Office Name: CB RICHARD ELLIS
- Office Phone: (626) 757-5717
- Listing Agent: ERIC CHEN
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/8/2025, 4:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$3,100,000
423 N Garfield Ave
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Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Apr 27, 2011 | Home Sold | $1,350,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $1,697,226 | $21,296 |
| 2023 | $1,663,978 | $21,122 |
| 2022 | $1,631,382 | $20,429 |
| 2021 | $1,599,425 | $19,595 |
| 2020 | $1,581,482 | $18,898 |
| 2019 | $1,550,474 | $19,122 |
| 2018 | $1,520,074 | $18,907 |
| 2017 | $1,490,270 | $18,907 |
History based on county public records data.
Nearby schools
4
Madison Elementary School
Public District PK-5
0.5 mi
•515 E Ashtabula St
3
Washington Elementary School
Public District PK-5
1.3 mi
•1520 N Raymond Ave
6
Longfellow Elementary School
Public District PK-5
1.4 mi
•1065 E Washington Blvd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $37,778. The majority of Pasadena, CA residents have income less than $<35k annually. The most common type of family is single, no kids. Most residents in this area have high school diploma education.
How much money do the neighbors make?
48%
<35k
36%
35k-100k
14%
100k-200k
2%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
48%
Single, No Kids
21%
Single, with Kids
11%
Married, No Kids
20%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
18%
<11 yrs old
8%
12-17 yrs old
37%
18-34 yrs old
33%
35-64 yrs old
4%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Major League Soccer (MLS)
Mexican League Soccer
Where do the neighbors shop?
H&M
Burlington
Foot Locker
Where do the neighbors go to eat?
Boston Market
Popeyes
White Castle
What do the neighbors drive?
Honda
Nissan
Kia
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary- Alternative
All data provided by Home Junction and Claritas
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Frequently asked questions
About 423 N Garfield Ave
This home is located at 423 N Garfield Ave in Pasadena, CA and zip code 91101 in the The Verdugos neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since October 11, 2024 and is currently priced at $3,100,000.
In January 2025 more than 22 listings in Pasadena, CA were sold above the asking price. During the same period more than 9 listings were sold at asking price, while more than 23 were sold below. The number of homes for sale in Pasadena, CA increased by 16.2% between December and January 2025. While the average time on the market in January 2025 was 47 days, the median list price was $1,218,933.
From Rocket Homes Real Estate and based on county public records data.