1678 Roosevelt Avenue

Los Angeles, CA 90018

$1,399,000
Price
4
Beds
4
Baths
2,212 Sq. Ft.
$632 / Sq. Ft.
2,212
Sq. Ft.
$632
per Sq. Ft.

Description

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...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!
  1. Listed by Jonathan Jay • DRE #01979786 • Brokerage DRE #00559166 • Bruce Jay Associates

Property Details for 1678 Roosevelt Avenue

Zoning
LAR2
Style
Craftsman
Parcel Number
5075026006
Total Units
4.0
Living Area
2212
Source Living Area
Assessor
Area
Mid Los Angeles (C16)
Vacancy Rate
1

Location

Listing Courtesy of Bruce Jay Associates, Jonathan Jay, DRE #01979786
Add your commute
LISTING UPDATED: 04/23/2024 02:13 PM

Property Details for 1678 Roosevelt Avenue

StatusActive
MLS #23-321311
Days on Market130
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1905
Lot Size0.14 AC / 6,039 SF
CountyLos Angeles County

Location

Listing Courtesy of Bruce Jay Associates, Jonathan Jay, DRE #01979786
Add your commute

Building Information for 1678 Roosevelt Avenue

Stories2Residences-Year Built1905Building Size-Lot Size0.14 AC / 6,039 SF

Payment Calculator

$8,592 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,635

Property Taxes

$957

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1678 Roosevelt Avenue

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
  • Management Company Name: Bruce Jay Associates
  • Management Company Phone: 3236603600|304
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartments
  • View: Yes
  • View Description: Tree Top
  • Security Features: Gated
  • Direction Faces: West
  • Water Heaters: Yes
  • Building Permit: Yes
Contract Info
Contract Info
  • Financing: Cash, Cash To Existing Loan, Cash To New Loan
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $67,201
  • Net Operating Income: $58,812.00
  • Gross Income: $67,201
  • Cap Rate: 4.12%
  • Gross Rent Multiplier: $21.00
  • Actual Annual Gross Rent: $67,201.00
  • Financial Info as Of: 12/27/2023
  • Vacancy Allow Dollar: $2,400.00
  • Vacancy Allow Percent: 25.00%
  • Owner Pays: Gardener, Water
  • Total Annual Expense: 8390
  • Water Expense: $3,050.00
  • Gardener Expense: $1,200
  • Insurance Expense: $1,640
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1386
  • Lot Size Square Feet: 6039
Parking Details
Parking Details
  • Parking Garage: Other
  • Total Parking: 4
  • Open Other Spaces Total: 4
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Refrigerator, Range/Oven
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 01-02-2024
  • Listing Terms: Cash, Cash To Existing Loan, Cash To New Loan
  • Rent Control: Yes
  • Rent Control: 100
  • Tenant Pays: Electricity, Gas
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $835.78
  • Unit Actual Rent: $835.78
  • Unit Projected Rent: $2,400.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,500.00
  • Unit Actual Rent: $1,500.00
  • Unit Projected Rent: $2,400.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,400.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $864.38
  • Unit Actual Rent: $864.38
  • Unit Projected Rent: $2,400.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
  • Number Leased: 3
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $300,000.00
  • Assessed Improvement Percent: 33.33
  • Assessed Land Value: $600,000.00
  • Assessed Land Percent: 66.67
  • Assessed Total Value: $900,000.00

Property History for 1678 Roosevelt Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1678 Roosevelt Avenue

Taxable ValueLand$612,000Additions$306,000Total$918,000
Tax Record2023$11,484 ($957 / month)
Home Facts
Total Finished SqFt2,212 SqFtAbove Grade Finished SqFt2,212 SqFtLot Size6,039 SqFtStyleTriplexYear Built1905ZoningLAR2CountyLOS ANGELESAPN5075-026-006

Schools near 1678 Roosevelt Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 4
Public - K to 5
Charter - 5 to 8
Public - 6 to 8
Rating
School
Distance
Twenty-Fourth Street Elementary School
PublicK to 4

Crown Preparatory Academy
Charter5 to 8

Pio Pico Middle School
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1678 Roosevelt Avenue is a multi-family home for sale in Los Angeles, CA 90018. This property was listed for sale on December 27, 2023 by Bruce Jay Associates, it's currently listed at $1,399,000. It has been on the market for a total of 130 days and was last sold on September 20, 2021. This listing's school district is Los Angeles Unified School District. Nearby schools include Twenty-Fourth Street Elementary School, Carson-Gore Academy Of Enviornmental Studies and Crown Preparatory Academy. 1678 Roosevelt Avenue is a 4-bed, 4-bath, 2,212 sqft multi-family home built in 1905.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Bruce Jay Associates, Jonathan Jay, DRE #01979786

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.