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Listed by Kuangkai Kuo, DRE #01849263 • In Realty Inc.
$1,980,000
Est. payment /mo
0.26 Acres Lot
Price Dropped by $170K
53 S Roosevelt Pasadena, CA 91107
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Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRAR26075032
Year Built 1978
Lot Size 0.258 Acres
Property Sub-Type Fourplex
Source California Regional MLS
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 Pasadena's 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 Pasad
Location
State CA
County Los Angeles
Area 648 - Pasadena (Se)
Interior
Heating Forced Air, Heat Pump, Wall Furnace , Central Forced Air
Cooling Central AC, Heat Pump, Window / Wall Unit
Laundry Laundry Area
Exterior
Parking Features Covered Parking
Garage Spaces 7.0
Pool None
Building
Water District - Public
Others
Tax ID 5747006049
Special Listing Condition Not Applicable
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