65 S Roosevelt Avenue, Pasadena, CA 91107
-
Listed Price :
$2,550,000
-
Beds :
N/A
-
Baths :
N/A
-
Property Size :
N/A sqft
-
Year Built :
1956
Property 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 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.
Interior Features
Laundry Information |
Location(s) |
See Remarks |
Bedroom Information |
Bedrooms |
N/A |
Bathroom Information |
Bathrooms |
N/A |
Listing Information
Address |
65 S Roosevelt Avenue |
City |
Pasadena |
State |
CA |
Zip |
91107 |
County |
Los Angeles |
Listing Agent |
Willow Liu Weil DRE #01988530 |
Courtesy Of |
Universal Elite Inc. |
List Price |
$2,550,000 |
Status |
Hidden |
Type |
Commercial |
Subtype |
Multi Family |
Structure Size |
N/A |
Lot Size |
11,437 |
Year Built |
1956 |
Listing information courtesy of: Willow Liu Weil, Universal Elite Inc.. *Based on information from the Association of REALTORS/Multiple Listing as of Jul 26th, 2024 at 6:21 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.