CA > Los Angeles
Los Angeles, CA 90011,4166 Wadsworth Ave
Los Angeles, CA 90011,4166 Wadsworth Ave
Los Angeles, CA 90011,4166 Wadsworth Ave
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$749,000
Est. payment /mo
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3 BD
3 BA
1,557 SqFt
Active

4166 Wadsworth Ave Los Angeles, CA 90011

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Hunter Scholl

Hunter Scholl

+1(702) 575-1320

UPDATED:

10/02/2024 06:14 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,557 sqft

Price per Sqft $481

MLS Listing ID 23-338163

Style Craftsman

Bedrooms 3

Construction Status Repair Cosmetic, Updated/Remodeled

Year Built 1904

Lot Size 6,252 Sqft

Acres 0.1435

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 Downtown L.A.

Zoning LAR2

Rooms

Other Rooms None

Dining Room 0

Interior

Heating Wall

Cooling Ceiling Fan

Flooring Wood Laminate

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.

Equipment Ceiling Fan, Range/Oven, Refrigerator, Microwave

Laundry Other

Exterior

Garage Uncovered, Oversized, RV Possible, Gated, Side By Side

Garage Spaces 4.0

View Y/N No

View None

Building

Lot Description Curbs, Fenced, Fenced Yard, Front Yard

Story 1

Sewer In Street

Water In Street

Architectural Style Craftsman

Level or Stories One

Construction Status Repair Cosmetic, Updated/Remodeled

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Coldwell Banker Realty

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Hunter Scholl

+1(702) 575-1320

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4166 Wadsworth Ave