$699,000 Price Analysis 4166 Wadsworth AveLos Angeles, CA 90011 3 bed 3 bath 1,557 SqFt ($448/SqFt) 6,252SqFt lot. Built 1904 Listed 2024-07-04, Taxes $5,800 | Ⓧ USDA Ineligible due to location near Los Angeles |
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 - CONTEMPORARY paint, ceiling fans, laminate flooring, recessed lighting, double pane windows, new landscaping for Unit #1 and updated Kitchens and Bths. 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 p atio. 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.
Presented by Simone Poingsett at
Coldwell Banker Realty - Studio City.
Property MLS #23-338163 from TheMLSCLAW
Year | Assessments Building + Land Total | Tax |
---|---|---|
2022 | $130,345 + $336,376 $466,721 | $5,800 |
2021 | $127,790 + $329,781 $457,571 | $5,726 |
2020 | $126,480 + $326,400 $452,880 | $5,781 |
2019 | $132,600 + $295,800 $428,400 | $5,376 |
2018 | $130,000 + $290,000 $420,000 | $5,302 |
2017 | $97,834 + $61,037 $158,871 | $2,171 |
2016 | $95,916 + $59,841 $155,757 | $2,112 |
2015 | $94,476 + $58,943 $153,419 | $2,085 |
2014 | $92,626 + $57,789 $150,415 | $2,112 |
2013 | $92,208 + $57,528 $149,736 | $2,112 |
2012 | $90,400 + $56,400 $146,800 | $2,139 |
2010 | $150,000 + $180,000 $330,000 | $5,240 |
2009 | $148,777 + $394,311 $543,088 | $6,909 |
2009 | $130,000 + $260,000 $390,000 | $6,909 |
2008 | $145,860 + $386,580 $532,440 | $6,616 |
2007 | $78,928 + $54,393 $133,321 | $1,837 |
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.