First Team Real Estate Logo

Los Angeles, CA 90006 1678 Roosevelt Avenue

$1,389,000

1678 Roosevelt Avenue Los Angeles, Ca - Image 11678 Roosevelt Avenue Los Angeles, Ca - Image 2
Presented By: Jonathan Jay with Bruce Jay Associates;
  • MLS# 23321311
  • 01/02/2024
  • Request Tour
  • Request Info
  • BedBeds • 4
  • BathBaths • 4
  • FootageSQFT • 2,212

Home Details

Up and Coming Harvard Heights (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!!!
Presented By: Jonathan Jay with Bruce Jay Associates;

Interior Features for 1678 Roosevelt Avenue

Bedrooms

Total Bedrooms4

Bathrooms

1/4 Baths0
3/4 Baths0
Full Baths
Half Baths
Total Baths4

Other Interior Features

LivingAreaSourceAssessor
Air Conditioning Y/NNo
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NYes
Street SuffixAvenue
Total Stories2

General for 1678 Roosevelt Avenue

Additional Parcels Y/NNo
AppliancesRefrigerator
Architectural StyleCraftsman
Attached Garage No
Buyer FinancingCash
Cap Rate4.12
Carport Y/NNo
CityLos Angeles
Community FeaturesGated
CoolingNone
CountyLos Angeles
Days on Market138
DirectionsSee Google Maps, just below Venice Blvd., just west of Normandie Avenue!
Facing DirectionWest
Garage Y/NNo
Gross Income67201.0
HOA / Comm AssnNo
HeatingWallFurnace
Home Warranty Y/NNo
Insurance Expense1640.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash
Lot Size Square Feet6039.0
MLS AreaC16 - Mid Los Angeles
MaintenanceExpense2500.0
MobileHomeRemainsYNNo
Net Operating Income58812.0
New ConstructionNo
Number of Units Leased3
Occupancy TypeTenant
Open Parking Spaces4.0
Private PoolNo
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NYes
Security FeaturesGatedCommunity
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Street NameRoosevelt
Tenant PaysElectricity, Gas
Total Units4
View Y/NYes
Water Sewer Expense3050.0
Waterfront Y/NNo
Year Built1905
Year Built SourceAssessor
ZoningLAR2

Exterior for 1678 Roosevelt Avenue

Building Area Total2212.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.1386
Lot Size Area6039.0
Lot Size UnitsSquareFeet
Number of Buildings1
Open Parking Y/NNo
SpaNo
Total Parking4.0

Additional Details

Price History

1527188455

First Team Client Services

Price $1,389,000
MLS#23321311
List Date 01/02/2024
Property Type Multi-Family
Phone 714.964.3311
Request Tour
Request Info
Visit My Website

Similar Properties to 1678 Roosevelt Avenue

Ask A Question

CRMLS Compliance Statements & Disclaimers

*According to the National Association of Realtors