4166 Wadsworth Avenue
$749,000
3
3
1,557
1,557
$481
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.
- Listed by Simone Poingsett • DRE #01894240 • Brokerage DRE #01464847 • Coldwell Banker Realty
Property Details for 4166 Wadsworth Avenue
Zoning
LAR2
StyleCraftsman
Parcel Number5115022029
Total Units3.0
Living Area1557
Source Living AreaAssessor
AreaDowntown L.A. (C42)
Vacancy Rate100
LISTING UPDATED: 10/02/2024 11:14 AM
Property Details for 4166 Wadsworth Avenue
Status | Active |
---|---|
MLS # | 23-338163 |
Days on Market | 141 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1904 |
Lot Size | 0.14 AC / 6,252 SF |
County | Los 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
Property History for 4166 Wadsworth Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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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