1666 Roosevelt Avenue, Los Angeles, California 90006, Los Angeles, 90006 - 3 bed, 2 bath
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1666 Roosevelt Avenue
Los Angeles, California 90006
ACTIVE
CONDITION: POOR
3Beds
2Baths
1,552Sq Ft
4,898Lot Size
Property Price
LIST PRICE$695,000
EST. MARKET VALUE
$731,455
4% BelowMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $695,000—positioned well below the $731,456 Fair Market Value by 4%. This valuation gap offers $36,456 in Instant Equity for buyers. Featuring LAR2 Zoning on a 4,838 sq. ft. lot, the asset provides significant long-term development potential. With a Condition Rating of 5, the home requires a comprehensive rehab, making it an ideal acquisition for Buy-and-Hold Investors or Contractors seeking immediate rental income from the existing long-term tenancy.
Estimated Market Value
$731,455+$36,455 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1666 Roosevelt Avenue Subject 3 bd · 2 ba · 1,552 sqft · $471 | $695,000* List Price | 3 | 2 | 1,552 | $471 | - |
A 1025 S Kenmore Avenue Active 3 bd · 2 ba · 1,374 sqft · $571 · 0.7 mi | $785,000 List Price | 3 | 2 | 1,374 | $571 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1909 (>30 years old) with no mentioned recent renovations, the property is being sold AS-IS. While currently functional as a tenant-occupied rental, its extreme age and long-term occupancy since 2012 indicate likely deferred maintenance, dated systems, and a need for a comprehensive rehab.
PROSSTRENGTHS & OPPORTUNITIES
- Development Potential
The LAR2 zoning on a 4,838 square foot lot provides significant long-term value, offering the potential to add additional units or an ADU subject to city requirements.
- Immediate Rental Income
The property is sold with a long-term tenant in place since 2012, ensuring immediate cash flow of $2,956.75 per month with a scheduled rent increase already set for late 2026.
- Prime Central Location
Situated in the Harvard Heights area, the property offers excellent proximity to Koreatown, Mid-City, and Downtown Los Angeles, making it a highly desirable location for renters and investors.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =4898, other record lot size in square feet = 4838.
- As-Is Condition
Built in 1909 and sold in 'as-is' condition, the property likely requires significant capital investment for modern upgrades and deferred maintenance repairs.
- Occupancy Restrictions
The property is sold subject to the existing tenancy with strict 'do not disturb' instructions, which limits immediate owner-occupancy and complicates the initial inspection process.
About 1666 Roosevelt Avenue
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.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1909
- Lot Size
- 4,898 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Los Angeles Elementary School
Grades K-5 • 0.4 mi
3/10
Mariposa-Nabi Primary Center
Grades K-2 • 0.7 mi
0/10
Hobart Boulevard Elementary School
Grades K-5 • 0.7 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,552 | 1,670.836 |
| Lot Size | 4,898 | 6,152.156 |
| Price | $695.0K | $1.34M |
| Price per sq ft | $448 | $807 |
| Built year | 1909 | 1941 |
| HOA | $0 | $238 |
| Days on market | 55 | 56 |
Pricing History
Listed for Sale
Sep 15, 2026
$695,000
Initial Listing
Sold
Mar 1, 1996
$112,000
Public Record
Sold
Sep 5, 1995
$74,000
Public Record