3815 Don Tomaso Drive, Los Angeles, CA 90008
Local realty services provided by:CENTURY 21 Experience
3815 Don Tomaso Drive,Los Angeles, CA 90008
$1,250,000
- 9 Beds
- 9 Baths
- 4,556 sq. ft.
- Multi-family
- Active
Listed by: josh kaplan, troy lucero jr.
Office: equity union818-989-2000
MLS#:26875413
Source:CRMLS
Price summary
- Price:$1,250,000
- Price per sq. ft.:$274.36
About this home
PRICE REDUCED! 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....
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Home facts
- Year built:1954
- Listing ID #:26875413
- Added:68 day(s) ago
- Updated:October 29, 2026 at 02:17 PM
Rooms and interior
- Bedrooms:9
- Total bathrooms:9
- Living area:4,556 sq. ft.
Structure and exterior
- Year built:1954
- Building area:4,556 sq. ft.
- Lot area:0.25 Acres
Finances and disclosures
- Price:$1,250,000
- Price per sq. ft.:$274.36
Parking
- Total parking spaces:1
- Parking description:On Street
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