REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$1,300,000

Est. payment - /mo

9 Beds

9 Baths

4,556 SqFt

Save

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 4,556 sqft

Price per Sqft $285

MLS Listing ID 26875413

Bedrooms 9

HOA Y/N No

Year Built 1954

Lot Size 10,863 Sqft

Property Description

See DOCS Section for OM. 3815 Don Tomaso Dr., is a six-unit multifamily investment property located in the Baldwin Hills neighborhood of Los Angeles. Built in 1954, the 4,556 square foot multi-level property sits on a 10,866 square-foot lot and offers a diverse unit mix within a single building, in one of the more centrally located rental submarkets in Los Angeles. The property offers investors a compelling value-add opportunity. With below-market in-place rents across the rent roll, a new owner has the opportunity to increase income through turnover while benefiting from the stability of a fully-occupied, centrally located multifamily asset. UNIT DETAILS Unit features include large bedrooms, large full bathrooms, large kitchens, separate spacious living room areas and ample closet space. Several of the units have beautiful wood beam structures that span the ceilings of the living area. Units E and F at the top of the property feature large outdoor patio spaces that can be accessed by the master bedrooms. Due to ample available space, investors may want to explore the possibility of adding washer/dryers in each unit. COMMON AREA DETAILS The property has a privacy-friendly design that rises two levels above the street on a large hillside lot. The views from the second and third levels of the property are exceptional spanning all the way to Downtown LA and beyond. A large quiet courtyard on the second level that could be improved with soft seating and landscaping to make a gathering place for tenants. There is also a laundry room that contains a washer and dryer but is not currently being utilized by the tenants. All units are separately metered for electricity and gas and have their own individual water heaters, the tenants pay for their own trash, and the landlord pays for water. There is ample street parking across from the property. Investment highlights VALUE ADD - In-place rents offer roughly 47% upside to market, a $4,904 monthly loss to lease. Capturing it through natural turnover lifts NOI from $78,553 to $129,231 and the cap rate from 6.04% to 9.94%.DIVERSE UNIT MIX - Four (4) 1Bed+1Bath units, one (1) 2Bed+2Bath unit, and one (1) 3Bed+3Bath ADUATTRACTIVE BUILDING LAYOUT - Property rises three levels above the street on a hillside parcel creating amazing views and quiet space for tenants SINGLE-BUILDING ASSET - All six units sit within one building on a 10,866 SF lot, simplifying ongoing ownership and management. PRIME BALDWIN HILLS LOCATION - Positioned in a well-established, centrally located Los Angeles rental submarket with consistent tenant demand.

Location

State CA

County Los Angeles

Area Phht - Park Hills Heights

Zoning LARD1.5

Interior

Fireplace No

Exterior

Parking Features On Street

Total Parking Spaces 1

Building

Story 3

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 5026002003

Special Listing Condition Standard

Read Less Info

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Josh Kaplan Equity Union #01934177

NEARBY SCHOOL & BUSINESS

MORTGAGE CALCULATOR

Use our home loan calculator to estimate your total mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment, and details about the home loan, to calculate your mortgage payment, schedule, and more.

Payment

Schedule

Your mortgage payments over 30 years will add up to $0.

Get more info from a local expert!

Serving Southern California

Customized quick search tools to explore nearby zip codes, cities, and neighborhoods in your favorite destinations

There are 30 quick searches

Serving Arizona

Custom Quick Search Tools To Explore Nearby Zip Codes, Cities & Neighborhoods In Your Preferred Destinations

3815 Don Tomaso DR Los Angeles, CA 90008