Stacey Alysson Melman

1678 Roosevelt AV Los Angeles CA 90006 MLS #23321311

1678 Roosevelt AV
Los Angeles, CA, 90006
$1,240,000
4 Beds
4 Baths
2,212 SqFt
0.14 Acres
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MLS #23321311 image #0
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!!!
AGENT: Jonathan Jay
LISTING BROKERAGE: Bruce Jay Associates
1678 Roosevelt AV
Los Angeles, CA

Property Details

Price:
$1,240,000
MLS #:
23321311
Status:
Active
Beds:
4
Baths:
4
Type:
Single Family
Neighborhood:
c16midlosangeles
Listed Date:
Jan 2, 2024
Finished Sq Ft:
2,212
Total Sq Ft:
2,212
Lot Size:
6,039 sqft / 0.14 acres (approx)
Year Built:
1905
CraftsmanCommunity GatedC16 – Mid Los AngelesC16midlosangeles
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Schools

Interior

Appliances
RF
Cooling
NO
Heating
WL
Levels
U

Exterior

Architectural Style
CRF
Direction Faces
W
Parking Spots
4
Parking Total
4
Security Features
GC

Financial

Gross Operating Income
$64,635
Maintenance Fee
$2,500
Net Operating Income
$58,812

Map

Community

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