It opened on October 22, 2010, as part of the LRT-1 North Extension Project, as Roosevelt (Tagalog: [ˈrusvɛlt, ˈrusbɛlt]) and got its current name on August 20, 2023, almost two years after the namesake avenue was officially renamed after the Filipino actor.

It is located along EDSA at the boundary of barangays Veterans Village and Ramon Magsaysay (Bago Bantay) in Quezon City, both of Projects 7 and 8, respectively.

[4] The second phase would have extended the MRT Line 3 from its northern terminus at North Avenue to Monumento to create a seamless rail loop around Metro Manila.

The station site was changed from the San Francisco del Monte River to the front of WalterMart North EDSA.

However, the integration of MRT-3 and LRT-1 operations has yet to happen until the expected partial opening of the North Triangle Station in 2025.