4143 Don Tomaso Dr | 4-Unit Baldwin Hills Apartments, 3 Units Delivered Vacant

Description:

4143 Don Tomaso Dr is a four-unit, all one-bedroom multifamily property in the Baldwin Hills neighborhood of Los Angeles, built in 1954 as a single building on an 8,024 SF lot (2,888 SF of building area, LARD1.5 zoning). Three of the four units are delivered vacant, so a new owner can renovate and lease at market rents, or live in one unit and rent the others. The fourth unit is occupied well below the $2,300 market rent. All units are one-bedroom, one-bath, averaging 722 SF.

OFFERING
- Price: $1,050,000 ($262,500 per unit, $364 per SF)
- After lease up of the three vacant units at $2,300: 6.04% cap rate and 11.51 GRM
- At full market rents: 7.55% cap rate and 9.51 GRM

HIGHLIGHTS
- Three units delivered vacant
- Owner-occupier opportunity: occupy an upper unit with views or a lower unit with access to a large outdoor deck of roughly 450 SF
- Priced below sales comparables: $262,500 per unit and an 11.51 GRM against comparable averages of $289,688 per unit and 13.35 GRM
- All one-bedroom unit mix with large bedrooms, large kitchens, separate living rooms and ample closets
- Parking: two large garages provide four spaces at street level, with room for tandem parking behind the building
- Low operating burden: units are separately metered for electricity and gas, and tenants pay their own trash
- Prime Baldwin Hills location near Baldwin Hills Crenshaw Plaza, the Metro K Line, Kenneth Hahn State Recreation Area, Culver City and the I-10

Listed by Josh Kaplan (310.405.1890, DRE 01934177) and Troy Lucero (310.339.5477, DRE 02015705), Highlight Multifamily Group at Equity Union Commercial. Full details and offering memorandum request: highlightreg.com/listings/4143-don-tomaso-dr-los-angeles-ca-90008/