$1,650,000

Estimated payment $10,684/month

Total Views 3,096
7 Beds
5 Baths
4,240 Sq Ft
$389 Price per Sq Ft

Highlights

  • Traditional Architecture
  • Views
  • 5 Car Garage
  • Wood Flooring
  • Ceiling Fan
  • Laundry Facilities

About This Home

Presenting a meticulously maintained 5-unit multifamily apartment building in the highly desirable Baldwin Hills neighborhood. This exceptional and well-maintained property features three 1-bedroom, 1-bathroom units and two 2-bedroom, 1-bathroom units. With strong current income and significant future rental upside potential, this building is a valuable addition to any investor's portfolio. All units are separately metered for gas and electricity, providing ease of management, and three of the five units have been thoughtfully updated and two of the units have AC splits. Additional amenities include two 2-car garages, a single-car garage, an onsite laundry room, and a common area backyard for tenants to enjoy. The neighboring building at 4031 Don Tomaso Dr is also available for sale, offering a unique opportunity. Properties shall be sold as a package; however, sellers will consider selling them individually; and both properties are zoned LARD1.5, offering major development opportunities for savvy investors and developers looking to capitalize on the area's growth. Located near local hotspots Jon & Vinny's, Hilltop Coffee & Kitchen and Somerville Restaurant. Minutes from Kenneth Hahn Park, Rueben Ingold Park and Park to Playa Trail. The property provides easy access to the EXPO and Crenshaw LAX lines, an attractive draw for many tenants. Furthermore, it's just minutes from the upcoming Stocker Creative, a groundbreaking development set to feature studio and sound stage production facilities, creative industry office spaces, business and technology incubation, and industry-specific job development within a collaborative ecosystem. This local development is set to draw significant interest from investors and developers, enhancing the property's appeal and potential for value appreciation. Don't miss out on this rare opportunity to invest in a thriving community with promising growth on the horizon.

Listing Agent

Erica Lockhart

Compass License #01763313 Listed on: 05/09/2025

Compass

Co-Listing Agent

Lorin Ruttenberg

Compass License #01309588

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Lot Details

  • 8,466 Sq Ft Lot

Parking

  • 5 Car Garage
  • Garage Door Opener
  • Parking Garage Space

Home Design

  • Traditional Architecture

Interior Spaces

  • 4,240 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Oven or Range
  • Property Views

Flooring

  • Wood
  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window

Community Details

  • 5 Units
  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 5026-012-014

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

0

Parking

5

Listing Details

  • Property Type: Residential Income
  • Style: Traditional
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 4240
  • Lot Acreage: 0.1944
  • Stories: 2
  • Year Built: 1953
  • Number Of Photos: 22
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Hardwood, Carpet, Mixed, Stone Tile
  • Bedrooms: 7
  • Laundry: Community
  • Total Bathrooms: 5.00
  • Equipment: Dryer, Washer, Refrigerator, Range/Oven, Ceiling Fan
  • Price Per S Q F T: 389.15

Exterior Features

  • Other Structures: None
  • View: Tree Top
  • View: Yes

Garage/Parking

  • Garage Spaces: 5
  • Covered Parking: 5
  • Parking Garage: Garage, Door Opener, Garage - 1 Car, Garage - 2 Car, Community Garage
  • Total Parking: 5

Utilities

  • Cooling: Wall Unit(s)
  • Electric Expense: 2229.00
  • Heating: Wall
  • Water Expense: 2229.00

Fee Information

  • Gas Expense: 224.00
  • Insurance Expense: 11828.00

Lot Info

  • Assessed Improvement Percent: 31.11
  • Assessed Improvement Value: 229447
  • Assessed Land Percent: 68.89
  • Assessed Land Value: 508190
  • Total Assessed Value: 737637
  • Assessor Parcel Number: 5026-012-014
  • Lot Size Area: 8466

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 14.90
  • Number Of Units: 5
  • Total Annual Expense: 33428
  • Type Of Units: Apartment
  • Vacancy Rate: 0

Tax Info

  • Tax Expense: 9852.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/09/2025 05/09/25 For Sale $1,650,000 0.0% $389 / Sq Ft
09/13/2023 09/13/23 For Rent $2,600 -- --
Source: The MLS

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Source: The MLS

MLS Number: 25535807

The MLS