3815 Don Tomaso Dr 6 Unit Apartment Building $1,300,000 ($216,667/Unit) 6.04% Cap Rate Los Angeles, CA 90008

The Highlight Group of Equity Union Commercial, as the exclusive listing agent, is pleased to present the opportunity to acquire 3815 Don Tomaso Dr., 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.