65 South Roosevelt Avenue

Pasadena, CA 91107

$2,680,000
Price
—
Beds
3,410 Sq. Ft.
$786 / Sq. Ft.
3,410
Sq. Ft.
$786
per Sq. Ft.

Description

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...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.
  1. Listed by Willow Liu Weil • DRE #01988530 • Brokerage DRE #02121645 • Universal Elite Inc. • 6263213660

Property Details for 65 South Roosevelt Avenue

Total Units
15.0
Lot Size Source
Public Records
Lot Size Dimensions
11437
Building Area Total
3410
Building Area Units
Square Feet
Stories Total
1
Entry Level
1
Parcel Number
5747006043

Location

Listing Courtesy of Universal Elite Inc., Willow Liu Weil, DRE #01988530
Add your commute
LISTING UPDATED: 04/06/2024 09:13 AM

Property Details for 65 South Roosevelt Avenue

StatusActive
MLS #TR24067755
Days on Market24
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial Sale / Multi Family
Year Built1956
Lot Size0.26 AC / 11,437 SF
CountyLos Angeles County

Location

Listing Courtesy of Universal Elite Inc., Willow Liu Weil, DRE #01988530
Add your commute

Building Information for 65 South Roosevelt Avenue

Stories1Residences-Year Built1956Building Size-Lot Size0.26 AC / 11,437 SF

Payment Calculator

$14,626 per month

30 year fixed, 7.25% Interest

Principal and Interest

$14,626

Property Taxes

—

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 65 South Roosevelt Avenue

Income / Expense / Tax Details
Income Details
  • Gross Scheduled Income: $102,576
  • Net Operating Income: $66,741
Expense Details
  • Operating Expense: $35,835
  • Expense Year: $2,023
  • Insurance Expense: $2,000
  • Maintenance Expense: $1,200
  • Trash Expense: $3,600
  • Water Sewer Expense: $2,400
  • Real Estate Tax Expense: $26,635
  • Total Expenses: $35,835
Community / Development
Community / Development
  • Investment Property: Yes
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: See Remarks
Land/Lot Info
  • Sign on Property: No
  • Lot Features: Front Yard, Landscaped, Lawn, Lot 10000-19999 Sqft, Rectangular Lot
  • Land Use: Multi-Family
  • Lease Considered: No
  • Water Source: Public
Property / Structure Info
  • Building Status: Existing
  • Asset Class: Multi-Family
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Actual Rent: $3,300
  • Unit Type Area: 1650
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 1
  • Unit Type Description: Single Family Style with large yard and private gate
Unit 2
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,251
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 3
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,468
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,224
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 5
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,305
  • Unit Type Type: 5
Unit Information
  • Number Of Units Leased: 5

Property History for 65 South Roosevelt Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 65 South Roosevelt Avenue

This home is within Pasadena Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 7 to 12
Rating
School
Distance
Hamilton Elementary School
PublicK to 5

Woodrow Wilson Middle School
Public6 to 8

Pasadena High School
Public9 to 12

Learning Works School
Charter7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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65 South Roosevelt Avenue is a multi-family home for sale in Pasadena, CA 91107. This property was listed for sale on April 5, 2024 by Universal Elite Inc., it's currently listed at $2,680,000. This listing's school district is Pasadena Unified School District. Nearby schools include Hamilton Elementary School, Woodrow Wilson Middle School and Pasadena High School. 65 South Roosevelt Avenue is a 0-bed, 0-bath, 3,410 sqft multi-family home built in 1956.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Universal Elite Inc., Willow Liu Weil, DRE #01988530

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.