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Listed by ERIC CHEN • CB RICHARD ELLIS
$ 3,100,000
Est. payment | /mo
9,272 SqFt
$ 3,100,000
Est. payment | /mo
9,272 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 9,272 sqft
Price per Sqft $334
MLS Listing ID CRCV24211539
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1962
Lot Size 0.273 Acres
Property Description
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 fe
Location
State CA
County Los Angeles
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Laundry Other
Building
Water Public
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Vander Meulen Real Estate Group
Broker, REALTOR® | Lic# 00842213 | Lic# 02150745