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4037 Don Tomaso Drive, Los Angeles, CA

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4037 Don Tomaso Drive

Los Angeles, CA 90008 - Crenshaw MF Submarket

Property Type:Multi-Family Number of Units:5 Status:Existing Year Built:1982
Stories:1 Building Size:5,712 SF Land Area:.19 AC (8,451 SF)
For Sale Price:$1,295,000 Price/Unit:$259,000.00 Cap Rate:4.40 % GRM:13.64

Parking:.87 Parking Spaces / 1,000 SF

Sale Notes:
5 unit building with rare 1980's construction in Baldwin Hills! Exceptional unit mix consisting predominately of 3 and 4 bedroom units. Tenants enjoy onsite laundry room and parking. Within walking distance to Crenshaw Mall which is slated for a mixed-use development with over a million square feet of retail, residential, office, restaurants, green space and a hotel with banquet facilities. All units are section 8 with HAP contract running thru end of March 2018, then subject property becomes unregulated with tremendous upside potential. Subject property part of four building portfolio (see also 1035 W. 39th St., 1341 W. 37th Pl., and 4400 W. Washington Blvd.) - properties in portfolio may be purchased together or separately.

RE/MAX Commercial & Investment Realty
Daron Case
(310) 770-4936

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