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53 S Roosevelt Ave, Pasadena, CA 91107
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53 S Roosevelt Ave Pasadena, CA 91107

$1,600,000
  • 9 Beds
  • 4.75 Baths
  • 4,350 Sq.Ft.
For Sale
$1,600,000 Get Pre-Qualified
Map preview of 53 S Roosevelt Ave, Pasadena, CA 91107

Property Overview: 53 S Roosevelt Ave Pasadena, CA has 9 bedrooms, 4.75 bathrooms, 4,350 living square feet and 11,256 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: The subject property is a well maintained 4-unit investment property conveniently located near the heart of Pasadena. The property consists of 4 separate houses, measuring approx. 4,350sf. situated on a large 11,256sf lot, as per assessor records. The main house offers 3bed/2bath, spacious living/dining area, indoor laundry and a newer central air & heat unit. The 3 additional homes offer 2 bedrooms and 1 bath, open floor plans with kitchen and eating areas, ample closets as well as raised ceilings. Covered parking is available and can accommodate up to 6 vehicles. The property also includes a common laundry room in addition to the separate electrical and gas meters. Owner pays for water and gardening service. Potential to add up to 2-ADU's on the property, buyer to verify.

Listed by Luther Tsinoglou | BRE #01135433 | Compass
Last checked: 5 minutes ago | Last updated: April 27th, 2024 | Source CRMLS | DOM: 10
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Home details

Lot Sq. Ft
11,256
HOA Dues
$0/mo
Year built
1978
Garage
--
Property Type:
Fourplex
Status
Active
MLS#
AR24080400
City
Pasadena
County
Los Angeles
Time on Site
12 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 4
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,394
  • Total Rent: $2,394
  • Pro Forma/Market Rent: $3,400
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,741
  • Total Rent: $1,741
  • Pro Forma/Market Rent: $2,450
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,957
  • Total Rent: $1,957
  • Pro Forma/Market Rent: $2,450
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,172
  • Total Rent: $2,170
  • Pro Forma/Market Rent: $2,450
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $99,500
  • Net Operating Income: $71,550
  • Gross Operating Income: --
  • Laundry Income: $750
  • Laundry Own/Lease: Lease
Annual Expense Breakdown
  • Total Operating Expense: $27,950
  • Electric: $500
  • Gas/Fuel: $0
  • Licenses: $250
  • New Taxes: $20,000
  • Trash: $0
  • Gardener: $1,200
  • Insurance: $2,500
  • Maintenance: $1,500
  • Water/Sewer: $2,000

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Property Details for 53 S Roosevelt Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air, Heat Pump, Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Central, Forced Air, Heat Pump, Wall Furnace
Laundry Information
  • Has Laundry
  • Common Area
Fireplace Information
  • No Fireplace
  • None
Kitchen Information
  • Has Appliances
  • Gas Water Heater, Water Heater
Interior Features
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Exterior Features
Exterior Information
  • Roof: Composition
  • Has Fence
  • Block
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 7
  • Has Parking
  • Parking Features: Attached Carport, Driveway, Asphalt, Driveway Level
Lot Information
  • Lot Features: Landscaped, Level with Street, Lot 10000-19999 Sqft, Lot 6500-9999, Rectangular Lot, Level, Near Public Transit
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 5747006049
  • Year Built Source: Assessor
  • Entry Level: 1
  • Foundation Details: Slab
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer, Sewer Paid
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Directions: South of Colorado Blvd. West of Sierra Madre Blvd.
Neighborhood Information
  • Community Features: Curbs, Sidewalks
View more facts & features

Local Pasadena Agent

Sale History for 53 S Roosevelt Ave

Last sold for $1,170,000 on December 24th, 2014

  • April, 2024

  • Apr 26, 2024

    Date

    Active

    CRMLS: AR24080400

    $1,600,000

    Price

  • December, 2014

  • Dec 24, 2014

    Date

    Sold (Public Records)

    Public Records

    $1,170,000

    Price

Show More

Tax History for 53 S Roosevelt Ave

Assessed Value (2020): $1,285,754
Year Land Value Improved Value Assessed Value
2020 $769,255 $516,499 $1,285,754

Home Value Compared to the Market

This property vs the competition

53 S Roosevelt Ave is listed 33.44% higher than the median list price for the city of Pasadena which has a median list price of $1,199,000. The median price per/sqft for Pasadena is $807 and this home is listed at $367.82 per/sqft which puts the price per square foot 54.42% lower than the median price per square foot for the city of Pasadena.

About 53 S Roosevelt Ave

Detailed summary of property

53 S Roosevelt Ave is a fourplex located in Pasadena, CA 91107 and is currently for sale. This fourplex offers 9 bedrooms, 4.75 bathrooms, roughly 4,350 living square feet, and sits on an approximately 11,256 square foot lot. 53 S Roosevelt Ave was first listed on ArdentRealEstateGroup.com on April 26, 2024. The homeowner is currently asking $1,600,000. The median priced home in Pasadena is $1,199,000 with a median price per square foot of $807. Based on Ardent Real Estate Group's Pasadena Market Data, this home is listed 33.44% higher than the median priced home. Local competing homes currently for sale include 925 Atchison, 1063 N Summit Ave and 241 E Washington Blvd. While the average home in Pasadena, CA is selling in 56 days, 53 S Roosevelt Ave has a days on market of 10 days. There are currently 267 homes for sale in the Pasadena real estate market and 158 of them are single family homes while 80 of them are condos and 29 are townhomes. For more information on this home for sale at 53 S Roosevelt Ave Pasadena, CA 91107 contact Ardent Real Estate Group and we will put you in touch with one of our Pasadena agents.

Public Facts for 53 S Roosevelt Ave

Public county record property details
Beds
8
Baths
5
Year built
1978
Sq. Ft.
4,350
Lot Size
11,252
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
1
APN
5747-006-049

The source for these homes facts are from public records.

91107 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,269,000
Median List Price/Sq.Ft.
$806
Median Sold Price
$1,381,500
Median Sold Price/Sq.Ft.
$734
Total Inventory
59
Median Sale to List Price %
115.32%
Avg Days on Market
37
Loan Type
Conventional (56.25%), FHA (0%), VA (0%), Cash (18.75%), Other (18.75%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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