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
Courtesy of Bruce Jay Associates. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than The Agency RE include the name of the listing broker. Neither the listing company nor The Agency RE shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved. 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
- Address1678 Roosevelt AV Los Angeles CA
- CityLos Angeles
- CountyLos Angeles
- Zip Code90006
