The Brandon Michaels Group of Marcus & Millichap, as Exclusive Advisor, is pleased to present 719 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. 719 N Garfield Avenue’s sixteen (16) units are currently 100% occupied by tenants paying below market rents, creating a value-add opportunity as tenants turnover. Combined, the property brings in a rent of $292,200.00 annually or $24,350.00 monthly, an average of $1,521.88/unit and $2.30/SF. Because the most recent rent increase occurred 11/1/2023, more than fourteen (14) months ago, a new buyer can immediately raise the current rents upon purchase. The property is made up of two (2) one-bed units, twelve (12) two-bed units, and two (2) three-bed units. The units are spread across two floors and are oriented inward to a shared courtyard and walkway providing access to all of the units. To the rear of the property is a dedicated and gate secured surface parking lot providing space for sixteen (16) vehicles or 1 parking space per unit. The subject property is located just north of the NW corner of Garfield Avenue and Orange Grove Boulevard. The property’s central position in Pasadena provides tenants the tranquility of a residential environment while also being close to amenities and employment hubs. 719 N Garfield Ave is just 0.5 miles north of the I-210 on and off ramps along both Los Robles Ave & Marengo Ave. Further south, less than a 5-minute drive, is Old Town Pasadena and the esteemed Colorado Boulevard. Residents will enjoy the site’s walkability, with a walk score of 90 (a “walker’s paradise”), providing access to multiple bus stops less than a 5-minute walk away on Orange Grove Boulevard and other parks nearby.