1666 Roosevelt Ave, Los Angeles, CA 90006

Description

Investment opportunity in the Harvard Heights area of Los Angeles. Offered at $695,000, 1666 Roosevelt Ave. is a tenant-occupied 3 bedroom, 2 bathroom single family residence with approximately 1,552 square feet of living space on a 4,838 square foot LAR2 zoned lot (Please do NOT disturb tenant, showings by appointment only). Built in 1909, the property retains the character of an early Los Angeles home and is currently occupied by a long term tenant in place since March 2012.The current monthly rent is $2,956.75, with a scheduled rent increase effective December 1, 2026. The property is being sold subject to the existing tenancy, providing a buyer with established occupancy and in-place rental income from day one. The LAR2 zoned lot may also offer additional long term possibilities, subject to buyer investigation and applicable City requirements. Centrally located in Harvard Heights near Koreatown, Mid-City and Downtown Los Angeles, the property offers an opportunity to acquire an income producing single family residence with long term investment potential. Property to be sold AS IS and WHERE IS. 1666 Roosevelt Ave. may be purchased individually or as part of a three-property Los Angeles residential investment portfolio.