J
Seller's Agent in 2021
Joshua Cohen
Keller Williams South Bay
4215 Don Tomaso Dr Los Angeles, CA 90008
Baldwin Hills Neighborhood
3
Beds
3
Baths
11,398
Sq Ft
0.39
Acres
Highlights
- In Ground Pool
- 0.39 Acre Lot
- Laundry Room
About This Home
As of May 20214215 Don Tomaso Drive is a 16-unit property is situated on a spacious, 17,176 square foot lot, and boasts a projected rental upside of almost 40% +/- for it's new owner. The units are large, well laid out and consist of an outstanding unit mix of Three 2 Bed / 1 Bath units, Twelve 1 Bed / 1 Bath units, and One Studio unit. The property is individually metered for gas and electricity, and features many amenities that tenants enjoy - there is onsite parking available, laundry facilities (serviced by a master 100-gallon water heater), as well as a lush central courtyard with a pool (resurfaced just a few years ago and in compliance). The peaceful courtyard provides plenty of seating available for residents to relax and enjoy the sun. The Seller has also taken care to maintain this great asset over the years, and has recently completed the seismic retrofit work required by the City of LA. Plumbing has been replaced with copper as needed. Recently, a section of the roof was replaced and less than half of the units have had some upgrades, creating an opportunity for a new owner to create their own value-add additions! The property is surrounded by plenty of great communities and exciting developments. Leimert Park Plaza is nearby, which has been undergoing a facelift in recent years, and the Baldwin Hill Crenshaw Plaza mall is also within walking distance. Tenants of this tremendous investment opportunity will be thrilled with their high quality property and the nearby amenities.
Last Agent to Sell the Property
Joshua Cohen
Keller Williams South Bay License #01346713 Listed on: 02/04/2021
Last Buyer's Agent
Joshua Cohen
Keller Williams South Bay License #01346713 Listed on: 02/04/2021
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1958
Lot Details
- 0.39 Acre Lot
- No Common Walls
- Density is 16-20 Units/Acre
Parking
- 10 Car Garage
- Parking Available
Home Design
- 11,398 Sq Ft Home
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Bathrooms
Additional Features
- Laundry Room
- In Ground Pool
- Urban Location
Listing and Financial Details
- Tax Lot 42
- Tax Tract Number 14641
- Assessor Parcel Number 5026014008
Community Details
Building Details
- Rent Control
- 17 Separate Electric Meters
- 17 Separate Gas Meters
- 2 Separate Water Meters
- Other Expense $83,273
- Operating Expense $83,723
- Gross Income $241,572
- Net Operating Income $154,418
Additional Features
- 16 Units
- Laundry Facilities
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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 |
|---|---|---|---|---|
| 05/21/2021 05/21/21 | Sold | $3,150,000 | -12.5% | $276 / Sq Ft |
| 02/22/2021 02/22/21 | Pending | -- | -- | -- |
| 02/04/2021 02/04/21 | For Sale | $3,600,000 | -- | $316 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB21022650
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