1678 Roosevelt Avenue, Los Angeles

$1,399,000

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4 Beds

4 Baths

2,212 Sqft

.14 Acre

0 Garage

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!!!

Essential Information

MLS® #: 23321311

Price: $1,399,000

Bedrooms: 4

Bathrooms: 4.00

Square Footage: 2,212

Acres: 0.14

Year Built: 1905

Type: Residential Income

Style: Craftsman

Status: Active

Community Information

Address: 1678 Roosevelt Avenue

Area: C16 - Mid Los Angeles

City: Los Angeles

County: Los Angeles

Zip Code: 90006

Community Features: Gated

Senior Community: N

Amenities

Parking Spaces: 4

Interior

Appliances: Refrigerator

Heating: Wall Furnace

Cooling: None

# of Stories: 2

Stories: Two

Additional Information

Date Listed: December 27th, 2023

Days on Market: 127

Zoning: LAR2

Listing Details

Agent: Jonathan Jay

Office: Bruce Jay Associates

Property History

Apr. 23Price Reduced from $1,428,000 to $1,399,000

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Buyer's Agent

Listing Agent

Jonathan Jay - Bruce Jay Associates

Based on information from California Regional Multiple Listing Service, Inc. as of May 2nd, 2024 at 7:35pm PDT. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.