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63 S Roosevelt Ave, Pasadena, CA 91107
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63 S Roosevelt Ave Pasadena, CA 91107

$2,680,000
  • 17 Beds
  • 16 Baths
  • 3,410 Sq.Ft.
For Sale
$2,680,000 Get Pre-Qualified
Map preview of 63 S Roosevelt Ave, Pasadena, CA 91107

Property Overview: 63 S Roosevelt Ave Pasadena, CA has 17 bedrooms, 16 bathrooms, 3,410 living square feet and 11,437 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: A great opportunity to acquire the 5 units multi-family property 63 & 65 S Roosevelt Ave. in Lamanda Park neighborhood of the highly desirable city of Pasadena. 5 mins walk to Pasadena Plaza, including Vons, US bank, UPS store, restaurants and coffee shops. 3 mins drive to California Institute of Technology and Pasadena City College, and also within minutes to Old Pasadena. With a great unit mix of one 3 bed / 2 bath house with private fenced yard and four 1 bed / 1 bath units, this 100% fully leased turn-key property offers a total 3,410sqft building on a 11,437sqft lot. 63 & 65 Roosevelt Ave is a very attractive single-story apartment that was built in 1956, which is a prime Pasadena income-producing property and a great value-add opportunity for a short or long-term investment. Significant Potential for Rental Upside by converting it to two stories apartment building with 12+ units (most of the neighbors are two stories). The front house (65 S Roosevelt) is a 3 bedroom 2 bathroom single family style house with approximately 1,650sqft in size. The house has its own large private yard with mature landscaping and secured gate. The back property (63 S Roosevelt) is a four-unit apartment. All units are comprised of wall air conditioning and heating, laminate flooring, spacious kitchens with gas oven/stove combinations, in-unit laundry, individually metered gas and electricity and surface parking with ample street parking. All 5 units are currently occupied (100% occupancy) with potential upside for extra cash flow in the future.

Listed by Willow Liu Weil | BRE #01988530 | Universal Elite Inc.
Last checked: 5 minutes ago | Last updated: April 6th, 2024 | Source CRMLS | DOM: 25
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Home details

Lot Sq. Ft
11,437
HOA Dues
$0/mo
Year built
1956
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
TR24067755
City
Pasadena
County
Los Angeles
Time on Site
34 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 15
  • Total # of Buildings: --
  • # of Leased Units: 5
Unit Breakdown 1
  • # of Units: 5
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $1,305
  • Total Rent: --
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $1,251
  • Total Rent: --
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Actual Rent: $3,300
  • Total Rent: --
Unit Breakdown 4
  • # of Units: 3
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $1,468
  • Total Rent: --
Unit Breakdown 5
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $1,224
  • Total Rent: --
Property Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $102,576
  • Net Operating Income: $66,741
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $35,835
  • Trash: $3,600
  • Insurance: $2,000
  • Maintenance: $1,200
  • Water/Sewer: $2,400

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Property Details for 63 S Roosevelt Ave

Interior Features
Laundry Information
  • See Remarks
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Front Yard, Landscaped, Lawn, Lot 10000-19999 Sqft, Rectangular Lot
  • Lot Size Source: Public Records
  • Common Interest: None
Property Information
  • Total # of Units: 15
  • Parcel Number: 5747006043
  • Year Built Source: Public Records
  • Entry Level: 1
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Colorado Blvd to Roosevelt
View more facts & features

Local Pasadena Agent

Sale History for 63 S Roosevelt Ave

Last leased for $1,350 on August 18th, 2020

  • April, 2024

  • Apr 5, 2024

    Date

    Active

    CRMLS: TR24067755

    $2,680,000

    Price

  • March, 2024

  • Mar 29, 2024

    Date

    Withdrawn

    CRMLS: RS24016843

    $3,500

    Price

  • Jan 29, 2024

    Date

    Active

    CRMLS: RS24016843

    $3,750

    Price

  • Listing provided courtesy of CRMLS

    This bright and clean unit, newly painted interior completed on March 12, 2024. This unit is in an excellent location and desirable area of Pasadena. It features a separate kitchen with cabinets, countertops, stove and dishwasher. The largest unit of 5 for lease at 65 So. Roosevelt Ave. This house with large fenced front yard that exudes charm and character. This single family house has a private patio, with tandem parking in the rear of the property which also is a shared driveway with four other units. Within minutes from Whole Foods market, eateries, artisanal coffee shops, Grant Park, Caltech University Pasadena City College and the Huntington Library and everything that makes this beautiful neighborhood so popular. One pet ok (restrictions apply).

  • August, 2020

  • Aug 19, 2020

    Date

    Leased

    CRMLS: WS20159819

    $1,350

    Price

  • Aug 14, 2020

    Date

    Price Change

    CRMLS: WS20159819

    $1,350

    Price

  • Aug 8, 2020

    Date

    Active

    CRMLS: WS20159819

    $1,500

    Price

  • Listing provided courtesy of CRMLS

    Very lovely 1 bedroom 1 bathroom apartment located in beautiful Pasadena, CA. This unit includes a parking space along with a washer and dryer included in unit. This location is immaculately maintained. It has been newly painted and has new flooring. Located on a quaint street however near and easy access to Colorado blvd with many shops, markets, Pasadena City College and other necessities. The 210 freeway is also within just short minutes away for all your commutes.

  • November, 1998

  • Nov 10, 1998

    Date

    Sold (Public Records)

    Public Records

    $290,000

    Price

Show More

Tax History for 63 S Roosevelt Ave

Assessed Value (2020): $415,692
Year Land Value Improved Value Assessed Value
2020 $272,352 $143,340 $415,692

Home Value Compared to the Market

This property vs the competition

63 S Roosevelt Ave is listed 123.52% 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 $785.92 per/sqft which puts the price per square foot 2.61% lower than the median price per square foot for the city of Pasadena.

About 63 S Roosevelt Ave

Detailed summary of property

63 S Roosevelt Ave is a multi family located in Pasadena, CA 91107 and is currently for sale. This multi family property offers 17 bedrooms, 16 bathrooms, roughly 3,410 living square feet, and sits on an approximately 11,437 square foot lot. 63 S Roosevelt Ave was first listed on ArdentRealEstateGroup.com on April 5, 2024. The homeowner is currently asking $2,680,000. 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 123.52% higher than the median priced home. Local competing homes currently for sale include 1605 E 1st St, 1035 N Alvarado St and 8460 Telegraph Rd. While the average home in Pasadena, CA is selling in 56 days, 63 S Roosevelt Ave has a days on market of 25 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 63 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 63 S Roosevelt Ave

Public county record property details
Beds
7
Baths
5
Year built
1956
Sq. Ft.
3,410
Lot Size
11,251
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
13
APN
5747-006-043

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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