NOT LISTED FOR SALE

4037 Don Tomaso Dr Los Angeles, CA 90008

Baldwin Hills Neighborhood
16 Beds
5 Baths
5,712 Sq Ft
8,464 Sq Ft Lot

Last Sold December 01, 2016

Last sale price $1,280,000 $224 Per Sq Ft

105 Days on Market

About This Home

As of December 2016

-PRICE REDUCED! 5 unit building with rare 1980's construction in Baldwin Hills! Exceptional price per square foot for 80's construction below the cost of replacement! Fantastic unit mix consisting predominately of 3 and 4 bedroom units. Tenants enjoy onsite laundry room and parking. Within walking distance to Crenshaw Mall which is slated for a mixed-use development with over a million square feet of retail, residential, office, restaurants, green space and a hotel with banquet facilities. All units are section 8 with HAP contract running thru end of March 2018, then subject property becomes unregulated with tremendous upside potential and no rent control due to 80's construction.

Last Agent to Sell the Property

Daron Case

Re/Max Commercial & Investment License #01702754 Listed on: 05/31/2016

Re/Max Commercial & Investment

Last Buyer's Agent

Melissa Barlow

MB Real Estate and Asset Management License #01498928

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1982

Lot Details

  • 8,464 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Interior Spaces

  • 5,712 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 5 Bathrooms

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 23
  • Tax Tract Number 14641
  • Assessor Parcel Number 5026012016

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $961
  • Insurance Expense $2,100
  • Trash Expense $1,215
  • Water Sewer Expense $7,829
  • New Taxes Expense $15,799
  • Gross Income $7,861
  • Net Operating Income $56,924

Property Details

Home Type

Multi-Family

Year Built

Built in 1982

Lot Details

0

Listing Details

  • CapRate: 4.40
  • Price Per Unit: 259000
  • Property Attached: No
  • Water Sewer Expenses: 7829.00
  • Property Type: Residential Income
  • Parcel Number: 5026012016
  • Year Built: 1982
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 224.09

Exterior Features

  • Pool Private: No

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 1215.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 8464.00
  • Price Per Lot Square Foot: 153.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 961.00
  • Gross Income: 7861.00
  • Gross Multiplier: 13.64
  • Gross Scheduled Income: 94932.00
  • Insurance Expense: 2100.00
  • Net Operating Income: 56924.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 36109.00
  • Operating Expense Percent: 38.04
  • Rent Control: No
  • Vacancy Allowance: 1899
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 15799.00
  • Tax Lot: 23
  • Tax Tract Number: 14641

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
12/01/2016 12/01/16 Sold $1,280,000 -1.2% $224 / Sq Ft
09/13/2016 09/13/16 Pending -- -- --
08/16/2016 08/16/16 Price Changed $1,295,000 -0.4% $227 / Sq Ft
05/31/2016 05/31/16 For Sale $1,300,000 -- $228 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Daron Case

    Seller's Agent in 2016

    Daron Case

    RE/MAX

    (310) 802-2500

    2 Total Sales

    Daron Case
    Section Image

  • M

    Buyer's Agent in 2016

    Melissa Barlow

    MB Real Estate and Asset Management

    (310) 387-0482

    16 Total Sales

    Melissa Barlow
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB16116227

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Los Angeles 90008 Baldwin Hills

4037 Don Tomaso Dr, Los Angeles, CA

This home is located at 4037 Don Tomaso Dr, Los Angeles, CA 90008 since 31 May 2016. This property was built in 1982. 4037 Don Tomaso Dr is a home located in Los Angeles County with nearby schools including Hillcrest Drive Elementary School, Audubon Middle School, and Susan Miller Dorsey Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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