16
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$1,650,000
Est. payment /mo
8,463 Sqft Lot
Price Dropped by $50K
4043 Don Tomaso DR Los Angeles, CA 90008
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Key Details
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB25079257
HOA Y/N No
Year Built 1962
Lot Size 8,463 Sqft
Property Sub-Type Mixed Use
Property Description
We are pleased to present 4043 Don Tomaso Drive, Los Angeles. Located in “The Dons” of Baldwin Hills, this large 6-unit building is comprised of (1) 3-Bedroom Unit, (3) 2-Bedroom Units, and (2) 1-Bedroom Units. The asset is operating at a 5.32% CAP Rate and under a 12 GRM with over 40% in upside rent potential achievable through tenant buyouts or organic turnover. The soft story retrofit has been completed along with copper repiping, and there are five carport spaces in the front with ADU potential. Less than 1 mile away is the 42-acre Baldwin Hills Crenshaw Plaza, which was recently acquired by Harridge Development Group with a $1 Billion redevelopment plan. Conveniently located near the MLK Station (K Line), along with the 405 and 10 freeways, the property is a short commute to the Westside, DTLA, and LAX. This is an ideal investment opportunity for value-add buyers seeking cash flow and appreciation growth in a location supported by strong demographics.
Location
State CA
County Los Angeles
Area Phht - Park Hills Heights
Zoning LARD1.5
Interior
Fireplace No
Laundry Common Area
Exterior
Carport Spaces 5
Pool None
Community Features Golf, Hiking, Sidewalks, Park
Total Parking Spaces 5
Private Pool No
Building
Lot Description Gentle Sloping, Near Park
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5026012017
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard
Listed by Larson Harley • Lyon Stahl Investment Real Estate, Inc. • 949-933-1112