Garfield Apartments is a well located, 16 unit, value add opportunity in the desirable city of Pasadena, CA. This gated community features an attractive unit mix of 1, 2, and 3 bedroom units. Property amenities include covered parking, gas cooking, individual gas and electric meters, and a shared laundry facility. Recent capital improvements include soft story retrofitting, a new roof (2020), dual pane windows, and fresh exterior paint. Garfield Apartments offers investors a compelling opportunity to acquire a value add asset with strong in place income and significant upside; approximately 48% upside in rents. The property is operating at a 5.7% cap rate with current rents, 9.7% with market rents.