Properties

Los Angeles, CA 90006 1678 Roosevelt Avenue

1678 Roosevelt Avenue Los Angeles, CA - Image 11678 Roosevelt Avenue Los Angeles, CA - Image 21678 Roosevelt Avenue Los Angeles, CA - Image 3
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1678 Roosevelt Avenue Los Angeles, CA - Image 41678 Roosevelt Avenue Los Angeles, CA - Image 51678 Roosevelt Avenue Los Angeles, CA - Image 61678 Roosevelt Avenue Los Angeles, CA - Image 7
Presented By: Jonathan Jay with Bruce Jay Associates;
  • MLS# 23321311
  • 12/27/2023
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  • Beds • 4
  • Baths • 1
  • SQFT • 2,212

Home Details

STRONG BUILDING! SOLID INVESTMENT! GRAND CURBSIDE APPEAL! ABSOLUTELY A 'CLASSIC' ALONG WITH A STRONG RENTAL MARKET FOR THIS STATUESQUE TWO-STORY BUILDING! GREAT FOR YOUR REAL ESTATE PORTFOLIO! (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
Half Baths
Total Baths4

Other Interior Features

LivingAreaSourceAssessor
Air Conditioning Y/NNo
Heating Y/NYes
Total Stories2

General for 1678 Roosevelt Avenue

AppliancesRefrigerator
Architectural StyleCraftsman
Buyer FinancingCash
Cap Rate4.12
CityLos Angeles
Community FeaturesGated
CoolingNone
CountyLos Angeles
DirectionsSee Google Maps, just below Venice Blvd., just west of Normandie Avenue!
Facing DirectionWest
Full Baths
Gross Income64635
HOANo
HeatingWall Furnace
Insurance Expense1640
LevelsTwo
Listing TermsCash
Living Area2212
Lot Size Square Feet6039
Lot Size UnitsSquare Feet
MLS AreaC16 - Mid Los Angeles
MaintenanceExpense2500
Net Operating Income58812
New ConstructionNo
Number Of Units Total4
Number of Units Leased3
Occupancy TypeTenant
Open Parking Spaces4
PostalCityLOS ANGELES
Property TypeResidential Income
Rent Control Y/NYes
Security FeaturesGated Community
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count2
Tenant PaysElectricity, Gas
Water Sewer Expense3050
Year Built1905
Year Built SourceAssessor
ZoningLAR2

Exterior for 1678 Roosevelt Avenue

Building Area Total2212
Lot Size Acres0.1386
Lot Size Area6039
Number of Buildings1
Total Parking4

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Connect Realty

Price $1,240,000
MLS#23321311
List Date 12/27/2023
Property Type Multi-Family
Phone 888.795.6274
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2170 Buckthorne PL. #100
The Woodlands, TX 77380
866-938-0924
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