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1305 N Garfield Ave, Pasadena, CA 91104
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1305 N Garfield Ave Pasadena, CA 91104

$8,500,000 Sold Price as of 08/06/2021
  • 48 Beds
  • 24 Baths
  • 19,002 Sq.Ft.
Sold
$8,500,000 Sold Price as of 08/06/2021 Refinance Your Mortgage
Map preview of 1305 N Garfield Ave, Pasadena, CA 91104

Property Overview: 1305 N Garfield Ave Pasadena, CA has 48 bedrooms, 24 bathrooms, 19,002 living square feet and 25,460 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: A 24-unit garden style apartment located in the highly desirable City of Pasadena, CA. Located within minutes from Old Town Pasadena, this attractive apartment community offers an excellent curb appeal. This community has an excellent occupancy history and is NOT under Los Angeles rent control; it is under AB1482 which allows much higher rent increase (5%+CPI). It offers an excellent curb appeal with complete refaced exterior and completely redone landscaping. It has a superb unit mix of ALL 2bedroom units with included washer/dryer in each unit! The building has secured entrance with gated parking (Soft story retrofit has been completed) and security camera system installed. Each unit is spacious with functional layout and has been completely upgraded with recessed lighting, luxury wood plank flooring, new kitchen (cabinets and countertops), stainless steel appliances, new bathroom (new tub, new vanity cabinets, new lighting fixtures), in-unit washer and dryer, LED lighting, mirrored closet doors, and much more. Some units have private small patio/balcony with modern wood railings. Some of the windows have been upgraded to double pane windows.

Listed by Handoko Chen | BRE #01749321 | GIG Real Estate Inc.
Last checked: 1 minute ago | Last updated: February 21st, 2024 | Source CRMLS | DOM: 76

Home details

Lot Sq. Ft
25,460
HOA Dues
$0/mo
Year built
1964
Garage
--
Property Type:
Apartment
Status
Sold
MLS#
AR21063767
City
Pasadena
County
Los Angeles
Time on Site
1148 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 24
  • Total # of Buildings: 3
  • # of Electric Meters: 25
  • # of Gas Meters: 3
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 24
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 24
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $0
  • Net Operating Income: $0
  • Gross Operating Income: $0
Annual Expense Breakdown
  • Total Operating Expense: $0
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $0
  • Trash: $0
  • Gardener: $0
  • Insurance: $0
  • Maintenance: $0
  • Workman's Comp: $0
  • Professional Management: $0
  • Water/Sewer: $0

Property Details for 1305 N Garfield Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Community, Dryer Included, Gas Dryer Hookup, Inside, Washer Hookup, Washer Included
Fireplace Information
  • Has Fireplace
  • Living Room
Room Information
  • Flooring: Vinyl, Wood
Interior Features
  • Levels: Two
  • Security Features: Automatic Gate, Carbon Monoxide Detector(s), Closed Circuit Camera(s), Fire and Smoke Detection System, Gated Community, Resident Manager, Security Lights, Smoke Detector(s)
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 24
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Features: 31-35 Units/Acre, Lot 20000-39999 Sqft, Level, Near Public Transit, Park Nearby, Sprinkler System
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Has View
  • View: Mountain(s), Neighborhood
  • Common Walls: 2+ Common Walls
  • Total # of Units: 24
  • Parcel Number: 5729025022
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Assessment Information
  • Has Assessments
  • Assessments: Buyer to Verify
Location / Neighborhood
Location Information
  • Directions: exit 210FWY, go north on Fair Oaks Ave, right on Washington Blvd
Neighborhood Information
  • Community Features: Urban, Valley
View more facts & features

Local Pasadena Agent

Sale History for 1305 N Garfield Ave

Last sold for $8,500,000 on August 6th, 2021

  • February, 2024

  • Feb 20, 2024

    Date

    Expired

    CRMLS: 23301661

    $11,995,000

    Price

  • Aug 21, 2023

    Date

    Active

    CRMLS: 23301661

    $12,995,000

    Price

  • Listing provided courtesy of CRMLS

    Located in a highly desirable Pasadena location is this remodeled 24-unit apartment building. This building is fully occupied with an impressive rent roll generating high income. Attractive assumable financing at 3.3% available as well! Building has recently been remodeled with high quality finishes in all units, proven to be very desirable to potential tenants. Units are rarely available and any vacancy creates tremendous interest and leases quickly at ever increasing rental rates! All units are two bedrooms with modern open floor plans, quartz countertops, stainless steel appliances, wood-like flooring throughout, and include in-unit washer and dryers. The building has secured access with gated parking and 24 parking spaces. Soft story retrofit has already been completed in addition to almost all the roofs being new. Just minutes to all the restaurants, shopping and attractions of Old Town Pasadena. An all around exceptional opportunity for a savvy investor in a prime location!

  • January, 2023

  • Jan 1, 2023

    Date

    Expired

    CRMLS: 22179975

    $12,995,000

    Price

  • Jul 18, 2022

    Date

    Active

    CRMLS: 22179975

    $12,995,000

    Price

  • Listing provided courtesy of CRMLS

    Located in a highly desirable Pasadena location is this remodeled 24-unit apartment building. This building is NOT under Los Angeles rent control and is fully occupied with an impressive rent roll generating high income. Attractive assumable financing at 3.3% available as well! Building has recently been remodeled with high quality finishes in all units, proven to be very desirable to potential tenants. Units are rarely available and any vacancy creates tremendous interest and leases quickly at increasing prices! All units are two bedrooms with modern open floor plans, quartz countertops, stainless steel appliances, wood-like flooring throughout, and include in-unit washer and dryers. The building has secured access with gated parking and 24 parking spaces. Soft story retrofit has already been completed. Just minutes to all the restaurants, shopping and attractions of Old Town Pasadena.An all around exceptional opportunity for a savvy investor in a prime location!

  • August, 2021

  • Aug 7, 2021

    Date

    Sold

    CRMLS: AR21063767

    $8,500,000

    Price

  • Jun 10, 2021

    Date

    Pending

    CRMLS: AR21063767

    $8,800,000

    Price

  • Mar 26, 2021

    Date

    Active

    CRMLS: AR21063767

    $8,800,000

    Price

  • April, 2021

  • Apr 1, 2021

    Date

    Expired

    CRMLS: AR20198495

    $8,800,000

    Price

  • Jan 7, 2021

    Date

    Withdrawn

    CRMLS: AR20198495

    $8,800,000

    Price

  • Jan 5, 2021

    Date

    Pending

    CRMLS: AR20198495

    $8,800,000

    Price

  • Sep 23, 2020

    Date

    Active

    CRMLS: AR20198495

    $8,800,000

    Price

  • Listing provided courtesy of CRMLS

    1305 N Garfield Ave, a 24-unit garden style apartment investment opportunity located in the highly desirable City of Pasadena, CA. The property is an attractive two-story garden style community with that was built in 1964 and renovated as recent as 2019. It has excellent curb appeal with complete refaced exterior (new paint, new signage, new wood paneled entrance cover) and completely redone landscaping. It offers a superb unit mix of twenty-four (24) 2bed+1bath units. The building has secured entrance with gated parking and security camera system installed. Each unit is spacious with functional layout and has been completely upgraded with recessed lighting, luxury wood plank flooring, new kitchen (cabinets and countertops), stainless steel appliances, new bathroom (new tub, new vanity cabinets, new lighting fixtures), in-unit washer and dryer, LED lighting, mirrored closet doors, and much more. Some units have private small patio/balcony with modern wood railings. Some of the windows have been upgraded to double pane windows. The property is separately metered for electricity. Between 2018-2019 ownership spent significant amount of time and effort in relocating previous tenants and then upgrading the building and the units. Since the heavy lifting and hard work of relocating old tenants have been completed, this offering provides buyer with a clean and easy to operate asset in an exceptionally good rental submarket.

  • December, 2020

  • Dec 17, 2020

    Date

    Canceled

    CRMLS: WS20234304

    $2,100

    Price

  • Nov 10, 2020

    Date

    Active

    CRMLS: WS20234304

    $2,100

    Price

  • Listing provided courtesy of CRMLS

    Remodeled 2bed/1bath downstairs apt with 1-car assigned parking in Pasadena. Accepts one small pet under 25 lbs with additional pet deposit. Recessed lighting in the living room. Updated kitchen with cabinets, countertop, stove/oven, microwave, dishwasher, and refrigerator. Laminated wood flooring throughout the unit. Stackable washer and dryer included with the unit for tenant's convenience. Wall air-conditioning AC and wall heating units. Extremely convenient location: close to the City of Altadena, Eaton Canyon, Rose Bowl Stadium, Kidspace Museum, golf course, shops and restaurants, and much more! See our virtual tour here: https://mls.ricohtours.com/2b578506-9d94-4440-8805-d64004ce88ac

  • December, 2020

  • Dec 17, 2020

    Date

    Canceled

    CRMLS: WS20198307

    $2,100

    Price

  • Nov 25, 2020

    Date

    Active

    CRMLS: WS20198307

    $2,100

    Price

  • Nov 25, 2020

    Date

    Price Change

    CRMLS: WS20198307

    $2,100

    Price

  • Oct 8, 2020

    Date

    Hold

    CRMLS: WS20198307

    $1,995

    Price

  • Sep 25, 2020

    Date

    Active

    CRMLS: WS20198307

    $1,995

    Price

  • Listing provided courtesy of CRMLS

    Remodeled 2bed/1bath upstairs apt with 1-car assigned parking in Pasadena. Accepts one small pet under 25 lbs with additional pet deposit. Recessed lighting in the living room. Updated kitchen with new cabinets, new countertop, new stove/oven, new microwave, new dishwasher and new refrigerator. Laminated wood flooring throughout the unit. Stackable washer and dryer included with the unit for tenant's convenience. Wall air-conditioning AC and wall heating units. Extremely convenient location: close to the City of Altadena, Eaton Canyon, Rose Bowl Stadium, Kidspace Museum, golf course, shops and restaurants, and much more! View our virtual tour here: https://mls.ricohtours.com/c2740830-386e-4f19-8cb7-abbd46502c98

  • September, 2020

  • Sep 21, 2020

    Date

    Leased

    CRMLS: WS20117832

    $1,995

    Price

  • Jun 18, 2020

    Date

    Active

    CRMLS: WS20117832

    $1,995

    Price

  • Listing provided courtesy of CRMLS

    Remodeled 2bed/1bath downstairs apt with 1-car assigned parking in Pasadena. Recessed lighting in the livingroom. Open concept kitchen with updated cabinets, countertop, stainless steel stove/oven, microwave, and dishwasher. Laminated wood and carpet throughout the unit. Stackable washer and dryer included with the unit for tenant's convenience. Wall air-conditioning AC and wall heating units. Extremely convenient location: close to the City of Altadena, Eaton Canyon, Rose Bowl Stadium, Kidspace Museum, golf course, shops and restaurants, and much more! See virtual tour: https://mls.ricohtours.com/ac9e77fc-8696-4ff0-a9b7-23065c8aba40/

  • September, 2020

  • Sep 1, 2020

    Date

    Expired

    CRMLS: AR20021426

    $9,000,000

    Price

  • Jan 30, 2020

    Date

    Active

    CRMLS: AR20021426

    $9,000,000

    Price

  • Listing provided courtesy of CRMLS

    GARFIELD WASHINGTON, a 24-unit garden style apartment investment opportunity located in the highly desirable City of Pasadena, CA. This offering provides a rare opportunity for investors to acquire a very well maintained and upgraded apartment community in a mature market. The property is an attractive two-story garden style community with that was built in 1964 with ±19,002 SF building size and situated on a ±25,460 SF lot size. It has excellent curb appeal with complete refaced exterior (new paint, new signage, new wood paneled entrance cover) and completely redone landscaping. The lot is L shaped and unique as provides good frontage on Washington Blvd, and side entrance on Garfield Ave. It offers a superb unit mix of twenty-four (24) 2bed+1bath units. The building has secured entrance with gated parking and security camera system installed. Each unit is spacious with functional layout and has been completely upgraded with recessed lighting, luxury wood plank flooring, new kitchen (cabinets and countertops), stainless steel appliances, new bathroom (new tub, new vanity cabinets, new lighting fixtures), in-unit washer and dryer, LED lighting, mirrored closet doors, and much more. Some units have private small patio/balcony with modern wood railings. Some of the windows have been upgraded to double pane windows. Between 2018-2019 ownership spent significant amount of time and effort in relocating previous tenants and then upgrading the building and the units.

  • August, 2018

  • Aug 27, 2018

    Date

    Sold (Public Records)

    Public Records

    $361,500

    Price

  • July, 2018

  • Jul 2, 2018

    Date

    Sold (Public Records)

    Public Records

    $6,270,000

    Price

Show More

Tax History for 1305 N Garfield Ave

Assessed Value (2020): $6,395,400
Year Land Value Improved Value Assessed Value
2020 $3,837,240 $2,558,160 $6,395,400

Home Value Compared to the Market

This property vs the competition

1305 N Garfield Ave sold on August 6, 2021 for 604% higher than the current median sold price for the city of Pasadena which is $1,250,000. The median sold price per/sqft for Pasadena is $763 and this home is sold at $463.11 per/sqft which puts the price per square foot 39.3% lower than the current median sale per square foot for the city of Pasadena.

About 1305 N Garfield Ave

Detailed summary of property

1305 N Garfield Ave is a apartment that recently sold in Pasadena, CA 91104. This apartment offered 48 bedrooms, 24 bathrooms, roughly 19,002 living square feet, and sits on an approximately 25,460 square foot lot. 1305 N Garfield Ave was first listed on ArdentRealEstateGroup.com on March 26, 2021. The homeowner sold the property for $8,500,000. Home in Pasadena are selling for a median price of $1,250,000 and a median price per square foot of $763. Based on Ardent Real Estate Group's Pasadena Market Data, this home is sold 604% higher than the current median priced home. Local homes that are currently for sale include 11666 Mayfield Ave, 11942-11948 Darlington Ave and 11975-11977 Mayfield Ave. While the average home in Pasadena, CA is selling in 54 days, 1305 N Garfield Ave has a days on market of 76 days. There are currently 263 homes for sale in the Pasadena real estate market and 160 of them are single family homes while 78 of them are condos and 25 are townhomes. For more information on this home for sale at 1305 N Garfield Ave Pasadena, CA 91104 contact Ardent Real Estate Group and we will put you in touch with one of our Pasadena agents.

Public Facts for 1305 N Garfield Ave

Public county record property details
Beds
--
Baths
--
Year built
1964
Sq. Ft.
19,002
Lot Size
25,460
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
5
APN
5729-025-022

The source for these homes facts are from public records.

91104 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,275,000
Median List Price/Sq.Ft.
$867
Median Sold Price
$1,200,000
Median Sold Price/Sq.Ft.
$849
Total Inventory
26
Median Sale to List Price %
120.12%
Avg Days on Market
20
Loan Type
Conventional (20%), FHA (0%), VA (0%), Cash (30%), Other (30%)

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Recently Sold Homes Near 1305 N Garfield Ave

1279 N Garfield Ave, Pasadena, CA 91104
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1279 N Garfield Ave
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270 Robincroft Dr, Pasadena, CA 91104
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1414 N Garfield Ave, Pasadena, CA 91104
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1310 N Marengo Ave, Pasadena, CA 91103
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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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