2 months on rocket

423 N Garfield Ave, Pasadena, CA, 91101

$3,100,000

0 Baths
Condo

Location

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Property Highlights

Home TypeCondominium
Year Built1962
HeatingWall Furnace
CoolingWall/Window Unit(s)
MLS #CV24211539
Lot Size0.27 Acres
StatusActive

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.

Property Details

Property Features

Property Information:

  • Year Built: 1962
  • Stories: 2

Listing Office:

  • Office Name: CB RICHARD ELLIS
  • Office Phone: (626) 757-5717
  • Listing Agent: ERIC CHEN

Exterior Features

Exterior Information:

  • Private Pool: No

Lot Features

Lot Information:

  • Lot Size: 0.27 Acres

Utilities

Utilities Information:

  • Heating: Wall Furnace
  • Cooling: Wall/Window Unit(s)

Other

Directions Information:

  • Directions: Merge onto I-10 W, Merge onto CA-57 N 210 Fwy, Merge onto I-210 W/Foothill Fwy toward Pasadena, Turn right onto N Marengo Ave, Turn right onto E Villa St, Turn right onto Garfield Ave

Price Information

Listing Price Info

Price Summary:

  • List Price: $3,100,000

Tax Information:

  • Annual Amount: $19,596
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Pasadena, CA.

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Pasadena, CA

City

Med. Sold Price

$1.2M

Med. Price/SqFt

$766

Avg. Days On Market

32

# of Sold Homes

77

423 N Garfield Ave vs Pasadena

71 DAYS ON ROCKET

+39 Days

$3,100,000

+$1.8M More

KEY TAKEAWAY

This property is $1.8M more than the Median Sold Price in Pasadena, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #CV24211539

Listing Office:

  • Office Name: CB RICHARD ELLIS
  • Office Phone: (626) 757-5717
  • Listing Agent: ERIC CHEN

IDX 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: 12/22/2024, 2:21:00 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Apr 27, 2011Home Sold
$1,350,000

Tax History

YEARPROP. TAXASSESSMENT
2021$19,596$1,599,425
2020$18,898$1,581,482
2019$19,122$1,550,474
2018$18,908$1,520,074
2017$18,908$1,490,270

History based on county public records data.

Payment Calculator

$15.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$9,360

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-996349
4
/10

  • Madison Elementary School

  • 515 E Ashtabula St

  • 0.48 miles

  • Public District Grades PK-5

school-card-donut-996350
3
/10

  • Washington Elementary School

  • 1520 N Raymond Ave

  • 1.28 miles

  • Public District Grades PK-5

school-card-donut-996351
6
/10

  • Longfellow Elementary School

  • 1065 E Washington Blvd

  • 1.43 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $37,778. Most Pasadena, CA residents have annual incomes less than $35k. The most common type of family is single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 423 N Garfield Ave

What is the listing price of this property?

The listing price of 423 N Garfield Ave property is $3,100,000.

What type of property is this?

The property 423 N Garfield Ave is a condo located in Pasadena, California, 91101.

Is this property for sale now?

Active Listing: 423 N Garfield Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $19,596 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on April 27, 2011 for $1,350,000. (source: MLS/tax record).

Which year was this property built?

The year of construction for 423 N Garfield Ave is 1962.
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Rocket Homes›California›Los Angeles County›Pasadena›91101›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. This home, which was built in 1962, sits on a 0.27 acre lot. It has been listed on Rocket Homes since October 11, 2024 and is currently priced at $3,100,000.

In November 2024, from all listings sold in Pasadena, CA there were more than 43 sold above asking price, over 21 sold below and more than 13 were sold right at the asked price. The number of homes for sale in Pasadena, CA decreased by 9.9% between October 2024 and November 2024. Listings spent 32 days on the market in November 2024, and had a median list price of $1,212,217 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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