4621 Wesley Ave, Los Angeles, CA 90037

Property Description

This triplex is located in an area that has seen high growth due to its close proximity to the University of Southern California, Exposition Park (home of the LA Coliseum and new LA Football Club soccer stadium) and downtown Los Angeles. The property is comprised of a 1,765 SF front house with 4 bedrooms and 1 full bath and 1 half bath. It has the old-world charm with traditional living room, separate dining room, kitchen, laundry room and basement for extra storage. It shows well with wood floors throughout and is ideal for an owner-occupant who will enjoy the added income from the 2 rental units in the back. Each rear unit is 492 SF and comprised of 1 bedroom and 1 bath each and both will need some cosmetic repairs. The property has 3 gas meters, 3 electric meters, and 1 master water meter. The front house and 1 rear unit can be delivered without the tenants, allowing the buyer to reset the rents to market rate. The property has a value-add and can developed into 8 eight units as others on the same street are currently being built. Buyer to verify with the City as to any redevelopment plans and permits. The proximity to USC will assure the buyer of a sound investment as either an investment as-is or redevelopment.