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Two-Story Apartment Complex
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Pending

1293 Garfield Ave, Pasadena, CA 91104

Two-story, 40-unit multifamily property with private covered parking and a courtyard pool.

Property SizeContact for details
Days on Market125

Property Features for 1293 Garfield Ave

General Information

Standard status Pending
Property subtype Multifamily
Listing Agency: Hopkins Investment Group
Listed By: Jake Hopkins · License #CA 02026709
Source: Crexi
Added: Apr 11 Changed: Aug 10 Last Checked: Aug 12 at 4:39AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hopkins Investment Group

Investment Insights

Based on property information with market context.

Garfield Palms is a 40-unit, two-story apartment complex offering a mix of (38) 1 bed/1 bath units, (1) 2 bed/1 bath unit, and (1) 0 bed/1 bath unit. The property is currently 100% occupied. On-site amenities include a laundry facility and a large private courtyard with a pool, and each unit features a private covered deck ranging from approximately 200 to 350+ square feet.

The site provides private covered parking along with ample street parking. Several units have received updates such as new kitchens, cabinets, counters, floors, and/or bathrooms.

The asset is located in Pasadena, with multiple area amenities described as nearby, including Rose Bowl Stadium, Kidspace Children’s Museum, Norton Simon Museum, Brookside Golf and Country Club, Pasadena Convention Center, Paseo Colorado, and the California Institute of Technology.

Key Highlights

  • 40‑unit, 2‑story apartment complex in Pasadena (38) 1 bed/1 bath, (1) 2 bed/1 bath, and (1) 0 bed/1 bath
  • 100% occupied with an average rent of $1,479/month across all 1 bed/1 bath floor plans
  • Private covered parking plus ample street parking for residents

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Parking Lot & Garage Skin Care Clinic Real Estate Agency (Bike/Boat/Book/etc) Store Food Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

731
Businesses Nearby

Demographics for 91104, CA

34,707
Population
14,381
Households
2.4
Avg Household Size
42
Median Age
51%
College-Educated
88%
High-School Grad
3.8 sq mi
ZIP Area
9,133
Density / Sq Mi
$103,052
Median Household Income
$53,827
Median Earnings
$2,040
Median Rent
$1,022,600
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Two-story, 40-unit multifamily property with private covered parking and a courtyard pool.
Where is this apartment building located?
The property is located at 1293 Garfield Ave Pasadena, CA.
What are key features of this property?
This property features: 40‑unit, 2‑story apartment complex in Pasadena (38) 1 bed/1 bath, (1) 2 bed/1 bath, and (1) 0 bed/1 bath; 100% occupied with an average rent of $1,479/month across all 1 bed/1 bath floor plans; Private covered parking plus ample street parking for residents
More about this property
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