4166 Wadsworth AVE Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90011
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,557 sqft
Price per Sqft $481
MLS Listing ID 23338163
Bedrooms 3
Year Built 1904
Lot Size 6,250 Sqft
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.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Zoning LAR2
Interior
Heating Wall Furnace
Fireplaces Type None
Inclusions Rolling island and appliances in Unit #1. Portable A/C, microwave, and fridge in Unit #3 garage unit. Unit #2 - stove and dishwasher only.
Laundry See Remarks
Exterior
Parking Features Gated,Oversized,RV Potential,Side By Side,Uncovered
Community Features Gated
View Y/N No
View None
Building
Lot Description Front Yard
Story 1
Sewer Other
New Construction No
Others
Special Listing Condition Standard