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4166 Wadsworth Avenue
Los Angeles, CA 90011
Welcome to the TWIN PALMS TRIPLEX near the Historic Central Ave District! AMAZING investment opportunity to own a charming, corner-lot property with tremendous upside income potential. Live in one unit and rent out the other two to pay your mortgage! Classic details and sunlit spaces highlight this turn-of-the-century Craftsman property which boasts many updates - NEW paint, ceiling fans, laminate flooring, recessed lighting, double pane windows, new landscaping for Unit #1 and updated Kitchens and Baths. The Main House has two (2) units with covered porches - UNIT #1 is a 1BR/1BA plus a BONUS DEN (est. 628SF +/-) and UNIT #2 is a Studio with 1BA (est. 628SF +/-) and has its own laundry. The detached Studio Garage Unit #3 with 1 BA is est. 300SF +/-. There are 3 Electric meters / 3 Gas meters / 1 Water meter. The XL Backyard is fully-fenced with mature, enveloping trees and currently used for ample parking. Unit #1 has its own separate yard spaces with a new DG covering, landscaping and a thriving Banana tree. Tons of potential to create separate yard spaces for the other two units, dedicated parking spaces and/or a large, landscaped patio. The beautiful, mature twin palms in the front yard are some of the tallest palms in the area and can be seen for miles swaying in the LA skyline. The area has a vibrant cultural, social and entertainment history and is home to the yearly famed Central Ave Jazz festival. Centrally located near restaurants, shopping, major freeways, USC, DTLA and public transportation. Units are currently or will be vacant at the close of escrow so you can set the rent to the current market value. If you're looking for a smart investment opportunity with a good Cap Rate of 6.9%, then this is your perfect chance.
PROPERTY INFORMATION
| MLS # | 23338163 | Lot Size | 6,252 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 749,000
Price Per SqFt: $ 481 |
DOM | 355 Days |
| Address | 4166 Wadsworth Avenue | Type | Residential Income |
| City | Los Angeles | Sq.Ft. | 1,557 Sq. Ft. |
| Postal Code | 90011 | Garage | N/A |
| County | Los Angeles | Year Built | 1904 |
| Bed / Bath | 3 / 0 | Parking | 4 |
| Built In | 1904 | Status | Active |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | See Remarks |
| Has Fireplace | No |
| Fireplace Information | None |
| Has Appliances | Yes |
| Kitchen Appliances | Microwave, Refrigerator, Range |
| Has Heating | Yes |
| Heating Information | Wall Furnace |
| Room Information | Bonus Room |
| InteriorFeatures Information | Ceiling Fan(s) |
| WindowFeatures | Double Pane Windows |
| SecuritySafety | Gated Community |
EXTERIOR FEATURES
WALKSCORE
Walk Score: 77 (Very Walkable)
Transit Score: 58 (Good Transit)MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $799
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 07/04/2024 | Listed | $699,000 |
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Listing provided courtesy of Simone Poingsett, Coldwell Banker Realty. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. 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.
