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.
Property Details
Price:
$699,000
MLS #:
25486931
Status:
Active Under Contract
Baths:
0
Address:
4166 Wadsworth Avenue
Type:
Residential Income
Neighborhood:
c42downtownla
City:
Los Angeles
Listed Date:
Jan 21, 2025
State:
CA
ZIP:
90011
Lot Size:
6,252 sqft / 0.14 acres (approx)
Year Built:
1904
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Schools
Interior
Appliances
Microwave, Refrigerator
Flooring
Laminate
Heating
Wall Furnace
Interior Features
Ceiling Fan(s)
Exterior
Lot Features
Back Yard, Front Yard, Yard, Lawn
Parking Features
Uncovered, R V Potential, Gated, Oversized
Parking Spots
2.00
Sewer
Other
Stories Total
1
View
None
Financial
Map
Community
- Address4166 Wadsworth Avenue Los Angeles CA
- AreaC42 – Downtown L.A.
- CityLos Angeles
- CountyLos Angeles
- Zip Code90011
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4166 Wadsworth Avenue
Los Angeles, CA
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