53 S Roosevelt Ave Pasadena, CA 91107
Lamanda Park NeighborhoodEstimated payment $12,624/month
Highlights
- No HOA
- Cooling System Mounted To A Wall/Window
- Block Wall Fence
- Pasadena High School Rated A
- Forced Air Heating and Cooling System
About This Home
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.
Listing Agent
In Realty Inc. Brokerage Phone: 626-802-0335 License #01849263 Listed on: 04/09/2026
Property Details
Home Type
- Apartment
Year Built
- Built in 1978
Lot Details
- 11,256 Sq Ft Lot
- No Common Walls
- Block Wall Fence
Home Design
- Entry on the 1st floor
Interior Spaces
- 4,350 Sq Ft Home
- 2-Story Property
- Laundry in unit
Bedrooms and Bathrooms
- 9 Bedrooms
- 5 Bathrooms
Parking
- 1 Open Parking Space
- 7 Parking Spaces
- 6 Carport Spaces
- Parking Available
Utilities
- Cooling System Mounted To A Wall/Window
- Forced Air Heating and Cooling System
- Air Source Heat Pump
- Wall Furnace
- Natural Gas Connected
Listing and Financial Details
- Tax Lot 1
- Tax Tract Number 36479
- Assessor Parcel Number 5747006049
- $1,427 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 4 Buildings
- 4 Units
Amenities
- Laundry Facilities
Building Details
- Rent Control
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $500
- Gardener Expense $2,400
- Insurance Expense $3,200
- Water Sewer Expense $3,500
- New Taxes Expense $24,000
- Operating Expense $33,600
- Gross Income $68,502
- Net Operating Income $67,752
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $23,396 | $1,960,440 | $1,071,000 | $889,440 |
| 2024 | $16,378 | $1,378,583 | $824,795 | $553,788 |
| 2023 | $16,241 | $1,351,553 | $808,623 | $542,930 |
| 2022 | $15,690 | $1,325,053 | $792,768 | $532,285 |
| 2021 | $15,048 | $1,299,073 | $777,224 | $521,849 |
| 2019 | $14,496 | $1,260,544 | $754,172 | $506,372 |
| 2018 | $14,659 | $1,235,829 | $739,385 | $496,444 |
| 2016 | $14,177 | $1,187,842 | $710,675 | $477,167 |
| 2015 | $14,021 | $1,170,000 | $700,000 | $470,000 |
| 2014 | $3,877 | $265,982 | $33,776 | $232,206 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 06/24/2026 06/24/26 | Price Changed | $1,980,000 | -7.9% | $455 / Sq Ft | |
| 04/09/2026 04/09/26 | For Sale | $2,150,000 | +11.9% | $494 / Sq Ft | |
| 06/10/2024 06/10/24 | Sold | $1,922,000 | +20.1% | $442 / Sq Ft | View Prior Sale |
| 05/13/2024 05/13/24 | Pending | -- | -- | -- | |
| 05/10/2024 05/10/24 | For Sale | $1,600,000 | -16.8% | $368 / Sq Ft | |
| 05/09/2024 05/09/24 | Off Market | $1,922,000 | -- | -- | |
| 04/26/2024 04/26/24 | For Sale | $1,600,000 | +36.8% | $368 / Sq Ft | |
| 12/24/2014 12/24/14 | Sold | $1,170,000 | -0.4% | $269 / Sq Ft | View Prior Sale |
| 11/25/2014 11/25/14 | Pending | -- | -- | -- | |
| 11/18/2014 11/18/14 | For Sale | $1,175,000 | -- | $270 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,922,000 | Lawyers Title Company | |
| Grant Deed | $1,170,000 | Lawyers Title Company | |
| Interfamily Deed Transfer | -- | Lawyers Title Company | |
| Interfamily Deed Transfer | -- | -- | |
| Gift Deed | -- | -- |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: AR26075032
APN: 5747-006-049
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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
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