Skip To Content

1678 Roosevelt Avenue

Los Angeles (City), CA 90006
  • $1,120,000
  • STATUS: Active
  • ON SITE: 442 Days
  • MLS #: 23321311
UPDATED: 123 min ago
$1,120,000
  • 4
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,212
    SQFT
  • $506
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1905
County:

School Ratings & Info

Listing Agent(s): Jonathan Jay of Bruce Jay Associates (323-660-3600)


Description

REASONABLY LOW PRICE FOR Harvard Heights,AND OWNER WILL CONSIDER AN OFFER AS WELL! (just above West Adams Heights!)...A RARE opportunity! This Craftsman Classic 4-Unit Smart Investment has so much to offer! Existing are 4 One-Bedroom Units, yet the Tax Assessor states that there are 2 Two-Bedroom Units and 2 One-Bedroom Units, Tax Assessor has stated ''6 Bedrooms'', something to look into, for sure! Many Property Features have been Updated in recent years. AND 'EVEN BETTER' GOOD NEWS: One unit can be delivered Vacant! This allows the Buyer(s) to either provide this Vacancy to a Family Member, OR Rent this Vacancy at Current Market Rates (which is pretty darn good these days!). ALSO, Should this help the Buyer(s), there is an Assumable LOW Interest Rate(3%, 4% and 5% at specified times during the term of the loan)1st Trust Deed Loan of about $350,000, with approximately 8 more years left on the Loan, available to the Buyer. This is a MAJOR benefit for the Buyer. Interest only payments due each month on the assumable loan!!!

Monthly Payment Calculator



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-03-20T00:29:11.763. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.
www.desertareahomesforsale.com/homes/146325765
Print Image

1678 Roosevelt Avenue Los Angeles (City), CA 90006

  • Price: $1,120,000
  • Status: Active
  • On Site: 442 Days
  • Updated: 123 min ago
  • MLS #: 23321311
4
Beds
0
Baths
0
½ Baths
0.14
Acres
2,212
SQFT
$506
$/SQFT
1905
Built
Neighborhood:
C16 - Mid Los Angeles
County:
Los Angeles
Area:
C16 - Mid Los Angeles
Property Description
REASONABLY LOW PRICE FOR Harvard Heights,AND OWNER WILL CONSIDER AN OFFER AS WELL! (just above West Adams Heights!)...A RARE opportunity! This Craftsman Classic 4-Unit Smart Investment has so much to offer! Existing are 4 One-Bedroom Units, yet the Tax Assessor states that there are 2 Two-Bedroom Units and 2 One-Bedroom Units, Tax Assessor has stated ''6 Bedrooms'', something to look into, for sure! Many Property Features have been Updated in recent years. AND 'EVEN BETTER' GOOD NEWS: One unit can be delivered Vacant! This allows the Buyer(s) to either provide this Vacancy to a Family Member, OR Rent this Vacancy at Current Market Rates (which is pretty darn good these days!). ALSO, Should this help the Buyer(s), there is an Assumable LOW Interest Rate(3%, 4% and 5% at specified times during the term of the loan)1st Trust Deed Loan of about $350,000, with approximately 8 more years left on the Loan, available to the Buyer. This is a MAJOR benefit for the Buyer. Interest only payments due each month on the assumable loan!!!
Exterior Features

Architectural Style Craftsman Direction Faces West Open Parking Spaces 4 Parking Total 4 View YN Yes

Interior Features

Appliances Refrigerator Cooling None Cooling YN No Heating Wall Furnace Heating YN Yes

Property Features

Association YN No Buyer Financing Cash Cap Rate 4.12 Community Features Gated Gross Income 64635 Insurance Expense 1640 Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash Maintenance Expense 2500 Net Operating Income 58812 New Construction YN No Number Of Units Leased 3 Rent Control YN Yes Security Features Gated Community Senior Community YN No Special Listing Conditions Standard Tenant Pays ElectricityGas Vacancy Allowance Rate 1 Water Sewer Expense 3050 Zoning LAR2



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-03-20T00:29:11.763. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_372258230-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_372258230-2.jpg
Logo
Desert Area Homes For Sale | Premier Properties
78115 Calle Estado #104
La Quinta CA, 92253
Listing Agent(s): Jonathan Jay of Bruce Jay Associates (323-660-3600)