Seller's Agent in 2023
Andrew Watkins
Watkins Real Estate Group
(310) 383-6239
2 in this area
54 Total Sales
4205 Don Tomaso Dr Los Angeles, CA 90008
Baldwin Hills Neighborhood
9
Beds
7
Baths
4,700
Sq Ft
8,498
Sq Ft Lot
Highlights
- View of Hills
- Engineered Wood Flooring
- 5 Car Attached Garage
- Traditional Architecture
- Gazebo
- Laundry Room
About This Home
As of December 2023Silicon Beach Real Estate is proud to present for sale this turn-key 5-unit apartment property located at 4205 Don Tomaso Drive near the Baldwin Hills Crenshaw neighborhood of Los Angeles. Gross Scheduled Income (GSI) $115,457; Annual Expenses $24,644; Net Operating Income (NOI) $90,813; GRM 12.99; Cap Rate 6.02%. An excellent location just a few blocks from the new Crenshaw Metro Line. This well-kept 5-unit property has 4700 square feet of living space and is situated on a large 8,498 square foot parcel. One 3BD/2BA unit will be delivered vacant, allowing new ownership to immediately re-tenant the units and achieve market rental rates. This is the owner's unit and is completely remodeled with lots of natural light, updated kitchen and baths, and in-unit laundry. Also has two 2BD/1BA units, both with hardwood floors and remodeled kitchens. One 2BD unit may be delivered vacant at COE. Also includes 1BD/1.5BA unit and 1BD/1BA unit (this unit has a bonus bedroom not on title, see pictures). Both units well maintained. Onsite laundry room allows for additional income potential. Cute courtyard and hillside backyard area. Garages for off-street parking. Property has been updated with a new roof, upgraded plumbing, new windows and new paint in recent years. Property is due for 7% rent increase after 1/31/24. Property is an easy walk to the Park to Playa trailhead and restaurants such as Post & Beam, Kickin' Crab, and more, located about 1 mile from the Baldwin Hills Crenshaw Plaza, recently purchased by Harridge Development with announced plans for a $1 Billion overhaul. This area has become increasingly popular to those priced out of nearby Westside markets such as Venice and Santa Monica. The continued infrastructure development and improvement of the surrounding area, along with value-add potential for a new owner to renovate units and achieve even better future returns moving forward makes this an excellent acquisition opportunity. Easy commute to LAX, Playa Vista, DTLA. Must see to appreciate! MOTIVATED SELLER. BRING YOUR BEST OFFER!
Last Agent to Sell the Property
Watkins Real Estate Group License #01478668 Listed on: 09/05/2023
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1955
Lot Details
- 8,498 Sq Ft Lot
- Lot Dimensions are 60x141
Parking
- 5 Car Attached Garage
Home Design
- Traditional Architecture
- Split Level Home
- Composition Roof
Interior Spaces
- 4,700 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Engineered Wood Flooring
- Views of Hills
Kitchen
- Oven or Range
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 9 Bedrooms
- 7 Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Outdoor Features
- Gazebo
Utilities
- Heating System Mounted To A Wall or Window
- Property is located within a water district
- Gas Water Heater
Community Details
- 5 Units
- Laundry Facilities
- Rent Control
Listing and Financial Details
- Assessor Parcel Number 5026-014-006
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/28/2023 12/28/23 | Sold | $1,600,000 | +6.7% | $340 / Sq Ft |
| 09/15/2023 09/15/23 | Pending | -- | -- | -- |
| 09/05/2023 09/05/23 | For Sale | $1,500,000 | -- | $319 / Sq Ft |
Source: The MLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $20,256 | $1,632,000 | $1,122,000 | $510,000 |
| 2024 | $20,256 | $1,600,000 | $1,100,000 | $500,000 |
| 2023 | $5,352 | $364,389 | $79,631 | $284,758 |
| 2022 | $5,143 | $357,245 | $78,070 | $279,175 |
| 2021 | $5,056 | $350,241 | $76,540 | $273,701 |
| 2019 | $4,926 | $339,855 | $74,271 | $265,584 |
| 2018 | $4,815 | $333,192 | $72,815 | $260,377 |
| 2016 | $4,531 | $320,256 | $69,989 | $250,267 |
| 2015 | $4,474 | $315,446 | $68,938 | $246,508 |
| 2014 | $4,522 | $309,268 | $67,588 | $241,680 |
Source: Public Records
Agents Affiliated with this Home
-
Andrew Watkins
Map
Source: The MLS
MLS Number: 23-301760
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