For Sale Multi-Family MLS# 26985463

1678 Roosevelt Avenue

Los Angeles, CA 90006

$1,375,000

california-regional-mls-rsd logo

About 1678 Roosevelt Avenue

GRAND CURB APPEAL! STATUESQUE AND IMPRESSIVE STRUCTURE DESIGN! PRIDE OF OWNERSHIP! Owner Financing Available! STRONG NOBLE CONSTRUCTION, AND YET, ELEGANT! 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!!!

Property details

Property

Type
multi
MLS type
Multi Family Home
Status
Active
Year built
1905
Stories
2
Living area
2,212 sqft
Price / sqft
$622
Lot
0.1386
Original price
$1,390,000
MLS #
26985463

Interior

Appliances
Refrigerator
Heating
Wall Furnace

Exterior & lot

Features
Craftsman, Parking spaces: 4
Construction
2
Lot
View, LAR2

Schools

District
Los Angeles Unified School District

Utilities

Security
Gated Community

Financial

Parcel
5075026006
Special conditions
Standard

Location

Area
C16 - Mid Los Angeles
County
Los Angeles
Neighborhood
Harvard Heights
Directions
See Google Maps, just below Venice Blvd., just west of Normandie Avenue!

Ask about this property

Questions on 1678 Roosevelt Avenue, Los Angeles, CA 90006, or want to see it in person?

Listed by Jonathan Jay, Bruce Jay Associates

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.