4043 Don Tomaso Drive Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90008
Key Details
Property Type Single Family Home
Sub Type Commercial/Residential
Listing Status Active
Purchase Type For Sale
Square Footage 5,749 sqft
Price per Sqft $278
MLS Listing ID SB-25079257
Year Built 1962
Lot Size 8,465 Sqft
Property Sub-Type Commercial/Residential
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 5.52% CAP Rate and a 11.6 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
Laundry Common Area
Exterior
Parking Features Gated
Pool None
Community Features Golf,Hiking,Sidewalks
Building
Lot Description Gentle Sloping,Park Nearby
Sewer Public Sewer