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4205 Don Tomaso Dr, Los Angeles, CA 90008
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4205 Don Tomaso Dr Los Angeles, CA 90008

$1,600,000 Sold Price as of 12/28/2023
  • 9 Beds
  • 7 Baths
  • 4,700 Sq.Ft.
Sold
$1,600,000 Sold Price as of 12/28/2023 Refinance Your Mortgage
Map preview of 4205 Don Tomaso Dr, Los Angeles, CA 90008

Property Overview: 4205 Don Tomaso Dr Los Angeles, CA has 9 bedrooms, 7 bathrooms, 4,700 living square feet and 8,498 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Silicon Beach Real Estate is proud to present for sale this turn-key 5-unit apartment property located at 4205 Don Tomaso Drive near the Baldwin Hills Crenshaw neighborhood of Los Angeles. Gross Scheduled Income (GSI) $115,457; Annual Expenses $24,644; Net Operating Income (NOI) $90,813; GRM 12.99; Cap Rate 6.02%. An excellent location just a few blocks from the new Crenshaw Metro Line. This well-kept 5-unit property has 4700 square feet of living space and is situated on a large 8,498 square foot parcel. One 3BD/2BA unit will be delivered vacant, allowing new ownership to immediately re-tenant the units and achieve market rental rates. This is the owner's unit and is completely remodeled with lots of natural light, updated kitchen and baths, and in-unit laundry. Also has two 2BD/1BA units, both with hardwood floors and remodeled kitchens. One 2BD unit may be delivered vacant at COE. Also includes 1BD/1.5BA unit and 1BD/1BA unit (this unit has a bonus bedroom not on title, see pictures). Both units well maintained. Onsite laundry room allows for additional income potential. Cute courtyard and hillside backyard area. Garages for off-street parking. Property has been updated with a new roof, upgraded plumbing, new windows and new paint in recent years. Property is due for 7% rent increase after 1/31/24. Property is an easy walk to the Park to Playa trailhead and restaurants such as Post & Beam, Kickin' Crab, and more, located about 1 mile from the Baldwin Hills Crenshaw Plaza, recently purchased by Harridge Development with announced plans for a $1 Billion overhaul. This area has become increasingly popular to those priced out of nearby Westside markets such as Venice and Santa Monica. The continued infrastructure development and improvement of the surrounding area, along with value-add potential for a new owner to renovate units and achieve even better future returns moving forward makes this an excellent acquisition opportunity. Easy commute to LAX, Playa Vista, DTLA. Must see to appreciate! MOTIVATED SELLER. BRING YOUR BEST OFFER!

Listed by Andrew Watkins | BRE #01478668 | Silicon Beach Real Estate
Last checked: 12 minutes ago | Last updated: December 29th, 2023 | Source CRMLS | DOM: 10

Home details

Lot Sq. Ft
8,498
HOA Dues
$0/mo
Year built
1955
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
23301760
City
Los Angeles
County
Los Angeles
Time on Site
312 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,200
  • Total Rent: $0
  • Pro Forma/Market Rent: $38,400
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,316
  • Total Rent: $1,210
  • Pro Forma/Market Rent: $15,792
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,772
  • Total Rent: $1,629
  • Pro Forma/Market Rent: $21,264
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,157
  • Total Rent: $1,063
  • Pro Forma/Market Rent: $13,884
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,176
  • Total Rent: $2,000
  • Pro Forma/Market Rent: $26,112
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6.02%
  • Gross Rent Multiplier: 12.99
  • Gross Scheduled Income: --
  • Net Operating Income: $90,813
  • Gross Operating Income: $115,457
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 4205 Don Tomaso Dr

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included, Individual Room, Community
Fireplace Information
  • No Fireplace
  • None
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Microwave, Refrigerator
Interior Features
  • Levels: Multi/Split
Exterior Features
Exterior Information
  • Roof: Composition
  • Other Structures: Gazebo
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 5
  • Has Parking
  • Parking Features: Garage
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Has View
  • View: Hills
  • Total # of Units: 5
  • Parcel Number: 5026014006
  • Year Built Source: Assessor
  • Architectural Style: Traditional
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Sewer Paid
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Stocker St. to Valley Ridge Ave. to Don Tomaso Dr.
View more facts & features

Local Los Angeles Agent

Sale History for 4205 Don Tomaso Dr

Last sold for $1,600,000 on December 28th, 2023

  • December, 2023

  • Dec 28, 2023

    Date

    Sold

    CRMLS: 23301760

    $1,600,000

    Price

  • Sep 5, 2023

    Date

    Active

    CRMLS: 23301760

    $1,500,000

    Price

  • July, 2023

  • Jul 14, 2023

    Date

    Canceled

    CRMLS: 22194765

    $1,599,000

    Price

  • Aug 29, 2022

    Date

    Active

    CRMLS: 22194765

    $1,599,000

    Price

  • Listing provided courtesy of CRMLS

    This well kept 5 unit building is a must have in your portfolio! This is the first time it has been on the market in 40 years. This beautiful building is nestled in the hills of Baldwin Hills and consist of 1; 3 bedroom, 1.25 owner suite with laundry area in unit, laminate wood floors, remodeled kitchen and bathroom. 2; 2 bedroom, 1 bath units which have been remodeled with laminate wood floors and remodeled kitchens; 2; 1 bedroom units with original tile, however nicely maintained. Most units come with back doors leading to a hillside backyard, onsite laundry room. There is also a courtyard that leads to the entrance of all units and a garage for off street parking. The building has been updated over the years with a new roof, upgraded plumbing, new windows and new paint. The three bedroom unit will be delivered vacant at the close of escrow. Located minutes from LAX, SOFI, Marina Del Rey, Playa Del Rey, Downtown LA and new public transportation. Please submit offers subject to interior inspection. Thank you!

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Tax History for 4205 Don Tomaso Dr

Assessed Value (2020): $346,651
Year Land Value Improved Value Assessed Value
2020 $75,756 $270,895 $346,651

Home Value Compared to the Market

This property vs the competition

4205 Don Tomaso Dr sold on December 28, 2023 for 32.74% higher than the current median sold price for the city of Los Angeles which is $1,130,000. The median sold price per/sqft for Los Angeles is $754 and this home is sold at $319.15 per/sqft which puts the price per square foot 57.67% lower than the current median sale per square foot for the city of Los Angeles.

About 4205 Don Tomaso Dr

Detailed summary of property

4205 Don Tomaso Dr is a multi family that recently sold in Los Angeles, CA 90008. This multi family property offered 9 bedrooms, 7 bathrooms, roughly 4,700 living square feet, and sits on an approximately 8,498 square foot lot. 4205 Don Tomaso Dr was first listed on ArdentRealEstateGroup.com on August 17, 2023. The homeowner sold the property for $1,600,000. Home in Los Angeles are selling for a median price of $1,130,000 and a median price per square foot of $754. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 32.74% higher than the current median priced home. Local homes that are currently for sale include 2622 S Orange Dr, 3044 Edgehill Dr and 2637 S Redondo Blvd. While the average home in Los Angeles, CA is selling in 98 days, 4205 Don Tomaso Dr has a days on market of 10 days. There are currently 3964 homes for sale in the Los Angeles real estate market and 2670 of them are single family homes while 1181 of them are condos and 106 are townhomes. For more information on this home for sale at 4205 Don Tomaso Dr Los Angeles, CA 90008 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 4205 Don Tomaso Dr

Public county record property details
Beds
--
Baths
--
Year built
1955
Sq. Ft.
4,708
Lot Size
8,498
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
40
APN
5026-014-006

The source for these homes facts are from public records.

90008 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,395,000
Median List Price/Sq.Ft.
$695
Median Sold Price
$1,120,000
Median Sold Price/Sq.Ft.
$724
Total Inventory
62
Median Sale to List Price %
112.56%
Avg Days on Market
64
Loan Type
Conventional (12.5%), FHA (0%), VA (0%), Cash (12.5%), Other (0%)

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Recently Sold Homes Near 4205 Don Tomaso Dr

4215 Don Tomaso Dr, Los Angeles, CA 90008
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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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