tomo logo

$1,150,000

Beds
4
sq ft
2,212

1678 Roosevelt Ave, Los Angeles, CA 90006

1678 Roosevelt Ave

Los Angeles, CA 90006

  • 262 days on market
    • Price drop $138,000↓
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!!!

Details

Property type

Est. home value

$949,839

Lot size

6,039 sq ft

Price per sq ft

$520

Year built

1905

HOA

No

Price History

09/05/2024
CLAW

CLAW #23321311

Price change
$1,150,000
-10.71%
08/17/2024
CLAW

CLAW #23321311

Price change
$1,288,000
-7.27%
05/13/2024
CLAW

CLAW #23321311

Price change
$1,389,000
-0.71%

Schools & Community

Neighborhood: 

Harvard Heights

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Rosa Sticker

Loan start date

July 2021

Original loan amount

$350,000

Est. remaining balance

Not provided

Interest rate

3%

Loan type

Seller take-back

Seller

Abc Development Inc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 09/21/2024 at 6:45 AM

Listing updated: 09/05/2024 at 12:59 PM

Listed by: Jonathan Jay, Bruce Jay Associates Phone #: (323) 660-3600

MLS: CLAW #23321311

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