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Additional details
$ 1,980,000
Est. payment /mo
Price Dropped by $170K
53 S Roosevelt Pasadena, CA 91107
9 Beds
5 Baths
0.26 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID AR26075032
Bedrooms 9
Lot Size 0.258 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
Big Price Adjustment! Motivated Seller! A True Gem for Developers and Investors! Rare opportunity to own a 4-unit compound of fully detached homes in one of Pasadenas most desirable residential pockets, just south of Colorado Blvd. Situated on an expansive 11,256 SF lot, the property offers approximately 4,350 SF of living space with an ideal layout for both end-users and investors. The front residence features 3 bedrooms and 2 bathrooms, while the rear homes each offer 2 bedrooms and 1 bathroom, all with functional layouts, high ceilings, and abundant natural light. Separate electric and gas meters, shared laundry, and covered parking provide convenience and operational efficiency. Surrounded by well-maintained homes and set along a wide, tree-lined street, the property offers a quiet, comfortable environment with strong neighborhood appeal - a rare blend of lifestyle and investment fundamentals. Zoned RM-32, this property presents exceptional redevelopment potential for higher-density new construction (buyer to verify). The large lot further enhances its appeal with ADU and value-add opportunities, making it equally attractive to developers seeking long-term upside. A unique offering that seamlessly combines current income, future development potential, and a premier Pasadena location opportunities like this are rarely available.
Location
State CA
County Los Angeles
Zoning Assessor
Direction S of E Colorado Blvd, E of N Allen Ave, W of S Sierra Madre Blvd
Interior
Heating Forced Air Unit
Cooling Central Forced Air, Heat Pump(s), Wall/Window
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 5747006049
Listed by Kuangkai Kuo, DRE#01849263 In Realty Inc.
NEARBY SCHOOL & BUSINESS
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