4166 Wadsworth Avenue

Los Angeles, CA 90011

PRICE INCREASE

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+$50,000 (+7.15%)

$749,000

List Price

3

bed Beds

3

shower Baths

1,557 sqft

straighten / sqft

1904

calendar_month Built

Open Houses

Next available: Saturday, September 28th, 2024 10:00 am - 12:00 pm

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Property Description

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.

Listing Information

List Price $749,000
Status Active
MLS 23338163
Type Residential Income
Year Built 1904
Lot Size 6,252
Structure Size 1,557
DOM 85
Courtesy Of Coldwell Banker Realty
Listing Agent Simone Poingsett DRE#01894240

Interior Features

Laundry Information
Location(s) See Remarks
Total Bedroom
Bedrooms 3
Total Bathroom
Bathrooms 3
Fireplace Information
Features None
Additional Information
Additional Features Ceiling Fan(s)

Exterior Information

Maps

Listing information courtesy of: Simone Poingsett, Coldwell Banker Realty . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 27th, 2024 at 6:06 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.