4031 Don Tomaso DR new Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90008
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,101 sqft
Price per Sqft $402
MLS Listing ID 25535811
Bedrooms 7
HOA Y/N No
Year Built 1953
Lot Size 8,463 Sqft
Property Description
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. One unit (1+1) is being delivered vacant. 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 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. Recent improvements include a new roof (installed in 2024). The neighboring building at 4025 Don Tomaso Dr is also available for sale, offering a unique opportunity. Both properties can be sold individually or as a package; 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.
Location
State CA
County Los Angeles
Area Phht - Park Hills Heights
Zoning LARD1.5
Interior
Interior Features Ceiling Fan(s)
Heating Wall Furnace
Fireplace No
Appliance Refrigerator,Dryer,Washer
Laundry Laundry Room
Exterior
Parking Features Door-Multi,Door-Single,Garage,Garage Door Opener,Community Structure
Garage Spaces 5.0
Garage Description 5.0
View Y/N Yes
Total Parking Spaces 5
Building
Story 2
Entry Level Multi/Split
Architectural Style Traditional
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 5026012015
Special Listing Condition Standard