4166 Wadsworth Avenue

Los Angeles, CA 90011

$749,000
Price
3
Beds
3
Baths
1,557 Sq. Ft.
$481 / Sq. Ft.
1,557
Sq. Ft.
$481
per Sq. Ft.

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...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.
  1. Listed by Simone Poingsett • DRE #01894240 • Brokerage DRE #01464847 • Coldwell Banker Realty

Property Details for 4166 Wadsworth Avenue

Zoning
LAR2
Style
Craftsman
Parcel Number
5115022029
Total Units
3.0
Living Area
1557
Source Living Area
Assessor
Area
Downtown L.A. (C42)
Vacancy Rate
100
LISTING UPDATED: 10/02/2024 11:14 AM

Property Details for 4166 Wadsworth Avenue

StatusActive
MLS #23-338163
Days on Market141
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1904
Lot Size0.14 AC / 6,252 SF
CountyLos Angeles County

Building Information for 4166 Wadsworth Avenue

Stories1Residences-Year Built1904Building Size-Lot Size0.14 AC / 6,252 SF

Property Information for 4166 Wadsworth Avenue

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • Number Of Buildings: 2
  • Type Of Units: Triplex
  • View: No
  • View Description: None
  • View: None
  • Security Features: Gated
  • Direction Faces: South
  • Property Condition: Repair Cosmetic, Updated/Remodeled
  • Water: In Street
  • Sewer: In Street
  • Water Heaters: Yes
  • Water Heater Features: Water Heater Unit
Contract Info
Contract Info
  • Financing: Cash To New Loan, Conventional
  • Disclosures: As Is, Rent Control
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $57,600
  • Net Operating Income: $48,183.00
  • Gross Income: $4,800
  • Cap Rate: 6.90%
  • Gross Rent Multiplier: $12.10
  • Owner Pays: Water, Gardener
  • Total Annual Expense: 9417
  • Water Expense: $300.00
  • Gas Expense: $300
  • Electric Expense: $840.00
  • Trash Expense: $420.00
  • Tax Expense: $5,801
  • Gardener Expense: $300
  • Insurance Expense: $1,456
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1435
  • Lot Size Square Feet: 6252
  • Lot Features: Front Yard
  • Lot Description: Curbs, Fenced, Fenced Yard, Front Yard
  • Lot Location: City
Parking Details
Parking Details
  • Parking Garage: Uncovered, Oversized, RV Possible, Gated, Side By Side
  • Total Parking: 4
  • Parking Features: Uncovered, Oversized, RV Potential, Gated, Side by Side
Interior Features
Interior Features
  • Room Type: Bonus Room
  • Rooms: Bonus Room
  • Levels: One
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Den: No
  • Family Room: 0
  • Dining Room: 0
  • Cooling Type: Ceiling Fan
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Flooring: Wood Laminate
  • Equipment: Ceiling Fan, Range/Oven, Refrigerator, Microwave
  • Interior Features: Ceiling Fan(s)
  • Cooking Appliances: Gas, Range, Microwave
  • Laundry: Other
Exterior Features
Exterior Features
  • Windows: Double Pane Windows
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 07-04-2024
  • Rent Control: Yes
  • Tenant Pays: Gas, Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,100.00
  • Unit Actual Rent: $2,000.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,100.00
  • Unit Actual Rent: $1,800.00
  • Unit Projected Rent: $1,800.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $800.00
  • Unit Actual Rent: $1,000.00
  • Unit Projected Rent: $1,000.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
  • Number of Electric Meters: 3
  • Number of Gas Meters: 3
  • Number Refrigerator: 2
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $132,951.00
  • Assessed Improvement Percent: 27.93
  • Assessed Land Value: $343,103.00
  • Assessed Land Percent: 72.07
  • Assessed Total Value: $476,054.00

Property History for 4166 Wadsworth Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 4166 Wadsworth Avenue

Taxable ValueLand$349,965Additions$135,610Total$485,575
Tax Record2024$6,192 ($516 / month)
Home Facts
Total Finished SqFt1,557 SqFtAbove Grade Finished SqFt1,557 SqFtLot Size6,250 SqFtStyleTriplexYear Built1904ZoningLAR2CountyLOS ANGELESAPN5115-022-029

Schools near 4166 Wadsworth Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Charter - K to 7
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Wadsworth Avenue Elementary School
PublicK to 5

Gabriella Charter 2
CharterK to 7

Thomas Jefferson Senior High School
Public9 to 12

Nava College Preparatory Academy
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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4166 Wadsworth Avenue is a multi-family home for sale in Los Angeles, CA 90011. This property was listed for sale on July 4, 2024 by Coldwell Banker Realty, it's currently listed at $749,000. It has been on the market for a total of 141 days and was last sold on April 22, 2019. This listing's school district is Los Angeles Unified School District. Nearby schools include Wadsworth Avenue Elementary School, Gabriella Charter 2 and Thomas Jefferson Senior High School. 4166 Wadsworth Avenue is a 3-bed, 3-bath, 1,557 sqft multi-family home built in 1904.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Realty, Simone Poingsett, DRE #01894240

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.