1400 N Garfield Avenue, Pasadena, California 91104, Pasadena, 91104 - bed, bath

1400 N Garfield Avenue, Pasadena, California 91104 home-pic-0
ACTIVE$1,749,500
1400 N Garfield Avenue, Pasadena, California 91104
0Bed
0Bath
5,570Sqft
10,881Lot
Year Built
1932
Close
-
List price
$1.75M
Original List price
$1.75M
Price/Sqft
$314
HOA
-
Days on market
-
Sold On
-
MLS number
AR25052126
Home ConditionGood
Features
Deck
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.75M(77th), sqft - 5570(92th), beds - undefined(50th), baths - undefined(50th).

Great opportunity to own a 4-unit, beautifully maintained investment property with a diverse mix of units from 2 Bedroom/2 Bathroom up to a 4 Bedroom/2.5 Bath offering excellent upside potential. The front house offers great curb appeal with a grand front porch and upstairs balconies overlooking the grassy fenced front yard shared by the two front units. The insides of the units offer classic features like fireplaces and arched doorways. The first front unit features a 1,500 sf. 2 Bedroom - 2 Bath with loft. The second unit is a roomy 1,677 sf unit featuring 4 Bedrooms - 2.5 Baths. Each unit is assigned it's own garage with a washer and dryer in each. There is a large open space between the buildings for additional parking. In the rear of the property is a second building offering two identical 3 Bedroom - 2 Bath units. There is a shared carport with one space for each unit. The upstairs unit opens to a beautiful custom deck for those tenants exclusive use. The bottom unit has exclusive access to a back patio area extending the length of the building. The recent addition of individual laundry facilities for the rear two units is a potential source of extra monthly income. In addition to being amazingly maintained the property owner has done extensive upgrades including new roofs, copper plumbing, complete exterior paint, landscaping, earthquake retrofit, resurfaced driveway and more. All units are tenant-occupied ensuring immediate rental income. This property is conveniently located close to bus stops, grocery stores, restaurants, shops, with easy access to Old Town and the Rose Bowl and all Pasadena has to offer. Don't miss this opportunity to add this excellent property to your investment portfolio!

Condition Rating
Good

Despite being built in 1932, the property has undergone extensive and recent renovations, including new roofs, copper plumbing, earthquake retrofit, and resurfaced driveway, addressing major systems. The interior images consistently show updated kitchens and bathrooms across multiple units, featuring modern white shaker-style cabinets, light-colored countertops (likely quartz/granite), stainless steel appliances, recessed lighting, and clean tile flooring. These updates appear to be within the last 5-15 years, making the units move-in ready with no immediate renovation required. The property is well-maintained with good curb appeal, hardwood floors, and individual laundry facilities, aligning with the 'Good' condition criteria.
Pros & Cons

Pros

Strong Investment Opportunity: This 4-unit, tenant-occupied property offers immediate rental income and significant upside potential, making it an attractive addition to an investment portfolio.
Extensive Capital Improvements: The property has undergone substantial recent upgrades including new roofs, copper plumbing, exterior paint, earthquake retrofit, and resurfaced driveway, minimizing immediate capital expenditures for a new owner.
Prime Pasadena Location: Conveniently located in Pasadena, close to essential amenities, bus stops, grocery stores, restaurants, shops, Old Town, and the Rose Bowl, enhancing tenant appeal and property value.
Diverse Unit Mix & Amenities: Features a varied unit mix (2B/2B to 4B/2.5B), individual laundry facilities, private outdoor spaces (deck/patio), and ample parking, catering to a broad tenant base.
Excellent Property Condition & Curb Appeal: The property is beautifully maintained with a grand front porch, classic architectural features like fireplaces and arched doorways, and good curb appeal.

Cons

Age of Property: Built in 1932, despite extensive upgrades, the underlying infrastructure is older, which may lead to unforeseen maintenance challenges or higher long-term upkeep costs compared to newer constructions.
Tenant-Occupied Status: While providing immediate income, all units being tenant-occupied can complicate property showings, inspections, and potential rent adjustments or renovations for a new owner.
Limited Financial Disclosure: The description lacks specific financial details such as current rents, expenses, or a pro forma, which are crucial for fully assessing the 'excellent upside potential' and overall investment performance.

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