MICHAEL RING

MICHAEL RING

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Active
$749,000($349,570 down)$2,216 /mo

4166 Wadsworth Avenue, Los Angeles, CA 90011

3 Bed ·3 Bath ·1557 Sqft
PITI Monthly
$3,212.19 /mo

Listing courtesy of: Simone Poingsett, Coldwell Banker Realty

Assumed Rate

4.37%
7.52%

Principal & Interest

$2,216 /mo
$3,111 /mo

What's Special

SHOPPING
ENTERTAINMENT
PATIO
LANDSCAPED
PUBLIC TRANSPORTATION
HISTORIC
CHARMING
INCOME POTENTIAL
INVESTMENT OPPORTUNITY

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.

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Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 3
Cooling & Heating
  • Cooling: Unknown
  • Heating: WallFurnace
Features
  • Materials: Unknown
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: None
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Unknown
Parking
  • Garage: No
  • Garage Spaces:
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: Other
  • Water Source: Unknown
Pool
  • Has Pool: No
  • Pool Features: Unknown

Construction

Type & Style
  • Stories: 1
  • Home type:
  • Architectural Style: Craftsman
Materials
  • Unknown
  • Roof: Unknown
Condition
  • Year Built: 1904
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: Gated
HOA
  • Has HOA: No
Location
  • Region: Los Angeles

Financial Details

  • Price per Sqft: $481.05
  • Tax Annual Amount: $9362.5
  • On Market Date: 2024-07-04T00:00:00.000Z

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MLS ID: 23338163

Listing From:

Last updated: 2024-10-02T18:30:27.000Z

© , . All rights reserved. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program. Real estate listings held by brokerage firms other than agent name are marked with the BR logo and detailed information about them includes the name of the listing brokers. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Listing information updated daily.

Assumed Rate

4.37%
7.52%

Principal & Interest

$2,216 /mo
$3,111 /mo
Follow Us
Go Global Realty
Agent/Broker
MICHAEL RINGGo Global Realty+17025283740mhring@grelv.comMLS B0143523

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