4043 Don Tomaso Dr - Apartments FOR SALE


Crenshaw, CA 90008
$1,700,000 USD
949-933-1112
4043 Don Tomaso Dr, Crenshaw, CA for Sale
$1,700,000 USD
Apartments - FOR SALE
1/15
null | 5.5% Cap Rate

4043 Don Tomaso Dr
Crenshaw, CA 90008


HIGHLIGHTS

  • Large 6-Unit Building with (2) 3-Bedroom Units, (3) 2-Bedroom Units, and (1) 1-Bedroom Unit
  • Value-Add Opportunity with Nearly 50% in Upside Rent Potential | Operating at a 5.52% CAP Rate & 11.74 GRM
  • Excellent Cost Basis - $283,333/Unit | $295/Sq Ft
  • 5 Carport Spaces with ADU Potential | On-Site Laundry
  • Soft Story Retrofit Completed | Copper Plumbing
  • Located in Baldwin Hills less than 1 Mile from the $1 Billion Redevelopment of the Baldwin Hills Crenshaw Plaza

OVERVIEW

The Harley Group at Lyon Stahl is pleased to present 4043 Don Tomaso Drive, Los Angeles. Located in “The Dons” of Baldwin Hills, this large 6-unit building is comprised of (2) 3-Bedroom Units, (3) 2-Bedroom Units, and (1) 1-Bedroom Unit. The asset is operating at a 5.5% CAP Rate and 11.74 GRM with over 50% in upside rent potential achievable through tenant buyouts or organic turnover. The soft story retrofit has been completed along with copper repiping, and there are five carport spaces in the front with ADU potential. Less than 1 mile away is the 42-acre Baldwin Hills Crenshaw Plaza, which was recently acquired by Harridge Development Group with a $1 Billion redevelopment plan. Conveniently located near the MLK Station (K Line), along with the 405 and 10 freeways, the property is a short commute to the Westside, DTLA, and LAX. This is an ideal investment opportunity for value-add buyers seeking cash flow and appreciation growth in a location supported by strong demographics.

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$296 USD /SF

# OF UNITS

4

PRICE/UNIT

$425,000

CAP RATE

5.5%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,464 SF

ZONING

RD1.5

APN/PARCEL ID

5026-012-017

ASK ABOUT THIS PROPERTY

Larson HarleyLyon Stahl Investment Real EstateMore Info
949-933-1112

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Larson HarleyLyon Stahl Investment Real EstateMore Info
949-933-1112

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.