278 E Washington Boulevard
Pasadena, CA 91104
Year Built: 1964
Land: 0.58 acres (approx.)
GARFIELD WASHINGTON, a 24-unit garden style apartment investment opportunity located in the highly desirable City of Pasadena, CA. This offering provides a rare opportunity for investors to acquire a very well maintained and upgraded apartment community in a mature market.
The property is an attractive two-story garden style community with that was built in 1964 with ±19,002 SF building size and situated on a ±25,460 SF lot size. It has excellent curb appeal with complete refaced exterior (new paint, new signage, new wood paneled entrance cover) and completely redone landscaping. The lot is L shaped and unique as provides good frontage on Washington Blvd, and side entrance on Garfield Ave. It offers a superb unit mix of twenty-four (24) 2bed+1bath units. The building has secured entrance with gated parking and security camera system installed.
Each unit is spacious with functional layout and has been completely upgraded with recessed lighting, luxury wood plank flooring, new kitchen (cabinets and countertops), stainless steel appliances, new bathroom (new tub, new vanity cabinets, new lighting fixtures), in-unit washer and dryer, LED lighting, mirrored closet doors, and much more. Some units have private small patio/balcony with modern wood railings. Some of the windows have been upgraded to double pane windows.
Between 2018-2019 ownership spent significant amount of time and effort in relocating previous tenants and then upgrading the building and the units.