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4166 Wadsworth Avenue

Los Angeles, CA 90011

$749,000 Price
Est. Payment: $ 0/mo
3
Bed
0
Bath
1,557 Sq. Ft.
$481 / Sq. Ft.

4166 Wadsworth Avenue

Los Angeles, CA 90011

$749,000 Price
$0/mo
3
Bed
0
Bath
1,557
Sq. Ft.
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 333 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
MORTGAGE CALCULATOR
  • Principal & Interest:
  • Property Tax:   $799
  • Home Insurance:$119
  • HOA Fees:$0
  • Mortgage Insurance:


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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.
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