53 S RooseveltPasadena, CA 91107

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 Pasadena location — opportunities like this are rarely available.

Property Information

Property type

Residential Income

Sub-type

Apartment

Year built

1978

Stories

2

Building area

4,350 Sq Ft

Lot size

0.26 acres

Parking spaces

7

Days on market

179

MLS^® Listing#

AR26075032

Property Features

Cooling

Central Air · Heat Pump · Wall/Window Unit(s)

Heating

Central · Forced Air · Heat Pump · Wall Furnace

Fireplace

None

Pool

None

Parking

Covered

Laundry

Common Area

Fencing

Block

Community

Curbs

Utilities

Electricity Connected · Natural Gas Connected · Sewer Connected · Water Connected

Sewer

Public Sewer

Water source

Public

Financial Details

HOA

None

Parcel number

5747006049

Directions

S of E Colorado Blvd, E of N Allen Ave, W of S Sierra Madre Blvd