112 S Roosevelt, Pasadena, California 91107, Pasadena, 91107 - 0 bed, 0 bath
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Pasadena, California 91107
Analysis of 112 S Roosevelt, Pasadena, California 91107 is currently available with a list price of $2,589,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Pasadena Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is move-in ready.
Built in 2004, the property falls exactly within the 20-year 'Good' criteria. The units appear well-maintained and move-in ready with functional kitchens, clean bathrooms featuring subway tile, and updated luxury vinyl plank flooring throughout the living areas.
Built in 2004, this property is significantly newer than typical Pasadena income properties, featuring desirable townhouse layouts, private two-car garages for every unit, and in-unit laundry hookups.
The location near Caltech, Pasadena City College, and the Lake Avenue shopping district ensures a consistent pipeline of high-quality professional and academic tenants.
With three units currently on month-to-month agreements, an investor has the immediate flexibility to transition rents to market rates or perform strategic upgrades to maximize ROI.
At a list price of nearly $2.6 million, the property requires a substantial down payment, which may result in a lower initial capitalization rate compared to older, value-add opportunities.
The multi-building configuration and common area features, including a fountain and mature landscaping, necessitate higher ongoing exterior maintenance and utility costs for the owner.
Rare opportunity to own four attractive Craftsman-style units in a prime Pasadena location near Pasadena City College, California Institute of Technology, and the vibrant Lake Avenue shopping and dining district. Built in 2004, the property features two separate buildings with a well-designed mix of spacious townhouse-style units and strong rental appeal. The front building consists of two thoughtfully designed townhouse-style units, each offering 3 bedrooms and 2.5 bathrooms. The open-concept ground floors include generous living rooms with dining area, functional kitchens, powder rooms, and convenient indoor laundry closets. Back doors lead to private rear patios overlooking a beautifully maintained common area with mature landscaping and a tranquil fountain setting. The rear building includes an additional 3-bedroom, 2.5-bath townhouse-style unit plus a desirable upstairs 1-bedroom unit. Each tenant enjoys the convenience of a private detached two-car garage located at the rear of the property. This unique opportunity offers an appealing mix of stability and upside potential, with one long-term tenant currently on a lease that expires in November and three units on month-to-month agreements. Excellent location with close proximity to shopping, dining, schools, and major commuter routes makes this a compelling investment opportunity in one of Pasadena’s most sought-after rental markets.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 4,475 | 2,139 | 80% |
| Lot Size | 10,135 | 7,541 | 80% |
| Price | $2.59M | $1.40M | 80% |
| Price per sq ft | $579 | $655 | 20% |
| Built year | 2004 | 1953 | 80% |
| HOA | $0 | $0 | 50% |
| Days on market | 26 | 121 | 20% |
May 11, 2026
$2,589,000
Initial Listing
Jan 28, 2013
$1,450,000
Public Record
Feb 9, 2005
$1,400,000
Public Record
Nov 30, 2000
$240,000
Public Record