Pasadena, CA 91107 53 S Roosevelt Avenue N

$1,600,000

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Presented By: Luther Tsinoglou with Compass; 626-695-8650

MLS# AR24080400
04/26/2024

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Beds • 3
Baths • 1
SQFT • 4,350

Home Details

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.

Presented By: Luther Tsinoglou with Compass; 626-695-8650

Interior Features for 53 S Roosevelt Avenue N

Other Interior Features

Air Conditioning Y/NYes

Basement (Y/N)No

Common WallsNoCommonWalls

Electric On Property Y/NNo

Fireplace FeaturesNone

Fireplace Y/NNo

Heating Y/NYes

Laundry FeaturesCommonArea

Street SuffixAvenue

Total Stories2

Other Rooms

Entry Level1

General for 53 S Roosevelt Avenue N

Additional Parcels Y/NNo

AppliancesGasWaterHeater, WaterHeater

Attached Garage No

Building Area UnitsSquareFeet

Carport Spaces6.0

Carport Y/NYes

CityPasadena

Community FeaturesCurbs, Sidewalks

Construction MaterialsWoodSiding

ContingencyContingent on seller finding property of choice to complete 1031 exchange.

CoolingCentralAir, HeatPump, WallWindowUnits

CountyLos Angeles

Days on Market16

DirectionsSouth of Colorado Blvd. West of Sierra Madre Blvd.

Electric Expense500.0

Entry Locationground

Fuel Expense0.0

Garage Spaces0.0

Garage Y/NNo

Gross Income99500.0

HOA0.0

HOA / Comm AssnNo

HeatingCentral, ForcedAir, HeatPump, WallFurnace

Home Warranty Y/NNo

Insurance Expense2500.0

Land Lease Y/NNo

Lease Considered Y/NNo

Lease Renewal Y/NNo

Listing TermsCash, CashtoNewLoan, Item1031Exchange

Lot Size Square Feet11256.0

MLS Area648 - Pasadena (SE)

MaintenanceExpense1500.0

MobileHomeRemainsYNNo

Net Operating Income71550.0

New ConstructionNo

Number of Units Leased4

Open Parking Spaces1.0

Operating Expense27950.0

Pool FeaturesNone

PossessionCloseOfEscrow

Private PoolNo

Property Attached Y/NNo

Property Sub Type AdditionalQuadruplex

Property SubTypeQuadruplex

Property TypeResidentialIncome

Rent Control Y/NYes

RoofComposition

Security FeaturesCarbonMonoxideDetectors, SmokeDetectors

Senior Community Y/NNo

SewerPublicSewer, SewerTapPaid

Special Listing ConditionsStandard

Standard StatusActiveUnderContract

StatusActiveUnderContract

Street NameRoosevelt

Tax Lot1

Taxes$20,000

Tenant PaysElectricity, Gas, TrashCollection, Telephone

Total Actual Rent8265.0

Total Units4

Trash Expense0.0

UtilitiesElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected

View Y/NNo

Walk Score86

Water Sewer Expense2000.0

Waterfront Y/NNo

Year Built1978

Year Built SourceAssessor

ZoningPSR3

Exterior for 53 S Roosevelt Avenue N

Building Area Total4350.0

Crops Included Y/NNo

FencingBlock

Foundation DetailsSlab

Horse Y/NNo

Irrigation Water Rights Y/NNo

Lot FeaturesLandscaped, Level, NearPublicTransit, RectangularLot, StreetLevel

Lot Size Acres0.2584

Lot Size Area11256.0

Lot Size SourceAssessor

Lot Size UnitsSquareFeet

Number of Buildings1

Number of Separate Electric Meters5

Number of Separate Gas Meters5

Number of Separate Water Meters1

Open Parking Y/NNo

Parking FeaturesAttachedCarport, Asphalt, DrivewayLevel, Driveway

SpaNo

Total Parking7.0

Water SourcePublic

Additional Details

Price History

First Team Client Services

Price $1,600,000

MLS#AR24080400

List Date 04/26/2024

Property Type Multi-Family

Phone 714.964.3311

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