4215 Don Tomaso Dr, Los Angeles, CA 90008
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4215 Don Tomaso Dr Los Angeles, CA 90008

$3,150,000 Sold Price as of 05/21/2021
  • 18 Beds
  • 16 Baths
  • 11,398 Sq.Ft.
Sold
$3,150,000 Sold Price as of 05/21/2021 Refinance Your Mortgage

Map preview of 4215 Don Tomaso Dr, Los Angeles, CA 90008

Property Overview: 4215 Don Tomaso Dr Los Angeles, CA has 18 bedrooms, 16 bathrooms, 11,398 living square feet and 17,176 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 4215 Don Tomaso Drive is a 16-unit property is situated on a spacious, 17,176 square foot lot, and boasts a projected rental upside of almost 40% +/- for it's new owner. The units are large, well laid out and consist of an outstanding unit mix of Three 2 Bed / 1 Bath units, Twelve 1 Bed / 1 Bath units, and One Studio unit. The property is individually metered for gas and electricity, and features many amenities that tenants enjoy - there is onsite parking available, laundry facilities (serviced by a master 100-gallon water heater), as well as a lush central courtyard with a pool (resurfaced just a few years ago and in compliance). The peaceful courtyard provides plenty of seating available for residents to relax and enjoy the sun. The Seller has also taken care to maintain this great asset over the years, and has recently completed the seismic retrofit work required by the City of LA. Plumbing has been replaced with copper as needed. Recently, a section of the roof was replaced and less than half of the units have had some upgrades, creating an opportunity for a new owner to create their own value-add additions! The property is surrounded by plenty of great communities and exciting developments. Leimert Park Plaza is nearby, which has been undergoing a facelift in recent years, and the Baldwin Hill Crenshaw Plaza mall is also within walking distance. Tenants of this tremendous investment opportunity will be thrilled with their high quality property and the nearby amenities.

Listed by Josh Cohen | BRE #01346713 | Keller Williams Beach Cities
Last checked: 7 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 18

Home details

Lot Sq. Ft
17,176
HOA Dues
$0/mo
Year built
1958
Garage
10 Car
Property Type:
Multi Family
Status
Sold
MLS#
SB21022650
City
Los Angeles
County
Los Angeles
Time on Site
1235 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 16
  • Total # of Buildings: 1
  • # of Electric Meters: 17
  • # of Gas Meters: 17
  • # of Water Meters: 2
Unit Breakdown 1
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $5,359
  • Total Rent: $5,359
  • Pro Forma/Market Rent: $6,000
Unit Breakdown 2
  • # of Units: 12
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $13,961
  • Total Rent: $13,961
  • Pro Forma/Market Rent: $19,800
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $9,732
  • Total Rent: $9,732
  • Pro Forma/Market Rent: $16,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.29%
  • Gross Rent Multiplier: 14.9
  • Gross Scheduled Income: $241,572
  • Net Operating Income: $154,418
  • Gross Operating Income: --
  • Other Income Description: Contact for more inc/exp info
Annual Expense Breakdown
  • Total Operating Expense: $83,723
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $0
  • Trash: $0
  • Insurance: $0
  • Professional Management: $0
  • Water/Sewer: $0
  • Other Expenses: $83,273
  • Other Expense Description: Contact

Property Details for 4215 Don Tomaso Dr

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • Has Pool
  • Pool Features: Private, In Ground
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 10
  • # of Parking Spaces: 10
  • Has Parking
  • Parking Features: Covered
Lot Information
  • Lot Features: 16-20 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 16
  • Parcel Number: 5026014008
  • Year Built Source: Public Records
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: On Don Tomaso
Neighborhood Information
  • Community Features: Urban
View more facts & features

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Sale History for 4215 Don Tomaso Dr

Last sold for $3,150,000 on May 21st, 2021
  • May, 2021

  • May 24, 2021

    Date

    Sold

    CRMLS: SB21022650

    $3,150,000

    Price

  • Feb 22, 2021

    Date

    Pending

    CRMLS: SB21022650

    $3,600,000

    Price

  • Feb 4, 2021

    Date

    Active

    CRMLS: SB21022650

    $3,600,000

    Price

  • March, 2001

  • Mar 21, 2001

    Date

    Sold (Public Records)

    Public Records

    $1,754,017

    Price

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Tax History for 4215 Don Tomaso Dr

Assessed Value (2020): $599,638
Year Land Value Improved Value Assessed Value
2020 $275,557 $324,081 $599,638

Home Value Compared to the Market

This property vs the competition

4215 Don Tomaso Dr sold on May 21, 2021 for 218.58% 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 $315.84 per/sqft which puts the price per square foot 58.11% lower than the current median sale per square foot for the city of Los Angeles.

About 4215 Don Tomaso Dr

Detailed summary of property

4215 Don Tomaso Dr is a multi family that recently sold in Los Angeles, CA 90008. This multi family property offered 18 bedrooms, 16 bathrooms, roughly 11,398 living square feet, and sits on an approximately 17,176 square foot lot. 4215 Don Tomaso Dr was first listed on ArdentRealEstateGroup.com on February 4, 2021. The homeowner sold the property for $3,150,000. 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 218.58% higher than the current median priced home. Local homes that are currently for sale include 1805 S Longwood Ave, 4522 W 17th St and 6018 Comey Ave. While the average home in Los Angeles, CA is selling in 98 days, 4215 Don Tomaso Dr has a days on market of 18 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 4215 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 4215 Don Tomaso Dr

Public county record property details
Beds
--
Baths
--
Year built
1958
Sq. Ft.
11,398
Lot Size
8,588
Stories
--
Type
Apartment House (5+ Units)
Pool
Yes
Spa
No
County
Los Angeles
Lot#
42
APN
5026-014-008

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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Related Resources to 4215 Don Tomaso Dr

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.