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1678 Roosevelt Ave, Los Angeles, CA 90006
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1678 Roosevelt Ave Los Angeles, CA 90006

$1,399,000
  • 4 Beds
  • 4 Baths
  • 2,212 Sq.Ft.
For Sale
$1,399,000 Get Pre-Qualified
Map preview of 1678 Roosevelt Ave, Los Angeles, CA 90006

Property Overview: 1678 Roosevelt Ave Los Angeles, CA has 4 bedrooms, 4 bathrooms, 2,212 living square feet and 6,039 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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!!!

Listed by Jonathan Jay | BRE #01979786 | Bruce Jay Associates
Last checked: 2 minutes ago | Last updated: April 23rd, 2024 | Source CRMLS | DOM: 127
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Home details

Lot Sq. Ft
6,039
HOA Dues
$0/mo
Year built
1905
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
23321311
City
Los Angeles
County
Los Angeles
Time on Site
121 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 3
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $835
  • Total Rent: $835
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $864
  • Total Rent: $864
  • Pro Forma/Market Rent: $2,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.12%
  • Gross Rent Multiplier: 21
  • Gross Scheduled Income: --
  • Net Operating Income: $58,812
  • Gross Operating Income: $67,201
Annual Expense Breakdown
  • Total Operating Expense: --
  • Gardener: $1,200
  • Insurance: $1,640
  • Maintenance: $2,500
  • Water/Sewer: $3,050

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Property Details for 1678 Roosevelt Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
  • Refrigerator
Interior Features
  • Levels: Two
  • Security Features: Gated Community
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
  • Has Parking
Property Information
  • Has View
  • Total # of Units: 4
  • Parcel Number: 5075026006
  • Year Built Source: Assessor
  • Architectural Style: Craftsman
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: See Google Maps, just below Venice Blvd., just west of Normandie Avenue!
View more facts & features

Local Los Angeles Agent

Sale History for 1678 Roosevelt Ave

Last sold for $900,000 on September 20th, 2021

  • February, 2024

  • Feb 22, 2024

    Date

    Active

    CRMLS: 24361289

    $2,695

    Price

  • Listing provided courtesy of CRMLS

    VERY spacious 2nd floor Apt. with unique views! For the fist time in YEARS this space is being offered for Lease! This ideally located unit has had numerous renovations and upgrades! Parking Included! Perfectly situated just south of K-town, west of DTLA, and moments away from the best that LA has to offer! Moments away from the 10 Freeway and major throughways! Seconds away from the Normandie Rec Center! More photos pending*

  • December, 2023

  • Dec 27, 2023

    Date

    Active

    CRMLS: 23321311

    $1,428,000

    Price

  • June, 2021

  • Jun 18, 2021

    Date

    Price Change

    CRMLS: 21702608

    $1,250,000

    Price

  • Jun 17, 2021

    Date

    Pending

    CRMLS: 21702608

    $972,000

    Price

  • Apr 7, 2021

    Date

    Price Change

    CRMLS: 21702608

    $972,000

    Price

  • Mar 9, 2021

    Date

    Active

    CRMLS: 21702608

    $1,065,000

    Price

  • Listing provided courtesy of CRMLS

    Gated 4 Unit Building in the Heart of Los Angeles...Easy Access to just about any location...Strong Rental Area for future Income Stream! Owner wishes to Exchange, so a longer Escrow is OK! Don't miss this one! Two Story Structure, Wood Frame & Stucco, Picturesque Curb Appeal among other well-kept Apartment Buildings! Owner says, Bring an Offer!

  • March, 2021

  • Mar 8, 2021

    Date

    Canceled

    CRMLS: 20618658

    $1,065,000

    Price

  • Nov 6, 2020

    Date

    Price Change

    CRMLS: 20618658

    $1,065,000

    Price

  • Aug 14, 2020

    Date

    Active

    CRMLS: 20618658

    $1,250,000

    Price

  • Listing provided courtesy of CRMLS

    Gated 4 Unit Building in the Heart of Los Angeles...Easy Access to just about any location...Strong Rental Area for future Income Stream! Owner wishes to Exchange, so a longer Escrow is OK! Don't miss this one! Two Story Structure, Wood Frame & Stucco, Picturesque Curb Appeal among other well-kept Apartment Buildings! Owner says, Bring an Offer!

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Tax History for 1678 Roosevelt Ave

Assessed Value (2020): $103,550
Year Land Value Improved Value Assessed Value
2020 $60,044 $43,506 $103,550

Home Value Compared to the Market

This property vs the competition

1678 Roosevelt Ave is listed 14.2% higher than the median list price for the city of Los Angeles which has a median list price of $1,225,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $632.46 per/sqft which puts the price per square foot 18.29% lower than the median price per square foot for the city of Los Angeles.

About 1678 Roosevelt Ave

Detailed summary of property

1678 Roosevelt Ave is a multi family located in Los Angeles, CA 90006 and is currently for sale. This multi family property offers 4 bedrooms, 4 bathrooms, roughly 2,212 living square feet, and sits on an approximately 6,039 square foot lot. 1678 Roosevelt Ave was first listed on ArdentRealEstateGroup.com on January 2, 2024. The homeowner is currently asking $1,399,000 and was originally asking $1,428,000. The median priced home in Los Angeles is $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 14.2% higher than the median priced home. Local competing homes currently for sale include 1109 S Ardmore Ave, 2220 Raymond Ave and 1126 S Mariposa Ave. While the average home in Los Angeles, CA is selling in 96 days, 1678 Roosevelt Ave has a days on market of 127 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 1678 Roosevelt Ave Los Angeles, CA 90006 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1678 Roosevelt Ave

Public county record property details
Beds
6
Baths
--
Year built
1905
Sq. Ft.
2,212
Lot Size
6,038
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
56
APN
5075-026-006

The source for these homes facts are from public records.

90006 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$799,000
Median List Price/Sq.Ft.
$606
Median Sold Price
$690,000
Median Sold Price/Sq.Ft.
$600
Total Inventory
32
Median Sale to List Price %
98.71%
Avg Days on Market
36
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (33.33%), Other (0%)

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Homes for Sale Near 1678 Roosevelt Ave

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Recently Sold Homes Near 1678 Roosevelt Ave

1722 S Ardmore Ave, Los Angeles, CA 90006
$975,000 Last Sold Price
4 Beds
4 Baths
3387 Sq.Ft.
1722 S Ardmore Ave
Los Angeles, CA 90006
1738 Roosevelt Ave, Los Angeles, CA 90006
$1,315,000 Last Sold Price
8 Beds
5 Baths
4307 Sq.Ft.
1738 Roosevelt Ave
Los Angeles, CA 90006
1741 S Normandie Ave, Los Angeles, CA 90006
$1,000,000 Last Sold Price
6 Beds
3 Baths
2334 Sq.Ft.
1741 S Normandie Ave
Los Angeles, CA 90006
2048 Cambridge St, Los Angeles, CA 90006
$1,015,000 Last Sold Price
6 Beds
5 Baths
2209 Sq.Ft.
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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.

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