4166 Wadsworth AVE new 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 $448
MLS Listing ID 25486931
Bedrooms 3
HOA Y/N No
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 / 3 Water Heater units. 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. Big enough for RV parking, multiple cars and/or build a workshop. 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. DELIVERED COMPLETELY VACANT so you can set the rent to the current market value. Very rare! If you're looking for a smart investment opportunity with a good Cap Rate, then this is your perfect chance.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Zoning LAR2
Interior
Interior Features Ceiling Fan(s)
Heating Wall Furnace
Flooring Laminate
Fireplace No
Appliance Microwave,Refrigerator
Exterior
Parking Features Gated,Oversized,RV Potential,Uncovered
View Y/N No
View None
Total Parking Spaces 2
Building
Lot Description Back Yard,Front Yard,Lawn,Yard
Story 1
Entry Level One
Sewer Other
Architectural Style Craftsman
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5115022029
Acceptable Financing FHA,VA Loan
Listing Terms FHA,VA Loan
Financing FHA,VA
Special Listing Condition Standard