Presenting a meticulously maintained 5-unit multifamily apartment building in the highly desirable Baldwin Hills neighborhood. This exceptional and well-maintained property features three 1-bedroom, 1-bathroom units and two 2-bedroom, 1-bathroom units. With strong current income and significant future rental upside potential, this building is a valuable addition to any investor's portfolio.… Read More All units are separately metered for gas and electricity, providing ease of management, and three of the five units have been thoughtfully updated and two of the units have AC splits. Additional amenities include two 2-car garages, a single-car garage, an onsite laundry room, and a common area backyard for tenants to enjoy. The neighboring building at 4031 Don Tomaso Dr is also available for sale, offering a unique opportunity. Properties shall be sold as a package; however, sellers will consider selling them individually; and both properties are zoned LARD1.5, offering major development opportunities for savvy investors and developers looking to capitalize on the area's growth. Located near local hotspots Jon & Vinny's, Hilltop Coffee & Kitchen and Somerville Restaurant. Minutes from Kenneth Hahn Park, Rueben Ingold Park and Park to Playa Trail. The property provides easy access to the EXPO and Crenshaw LAX lines, an attractive draw for many tenants. Furthermore, it's just minutes from the upcoming Stocker Creative, a groundbreaking development set to feature studio and sound stage production facilities, creative industry office spaces, business and technology incubation, and industry-specific job development within a collaborative ecosystem. This local development is set to draw significant interest from investors and developers, enhancing the property's appeal and potential for value appreciation. Don't miss out on this rare opportunity to invest in a thriving community with promising growth on the horizon. Read Less
Property listed by Compass, Erica Lockhart 310-230-5478
Listing Snapshot
Days Online
31
Last Updated
Property Type
Other
Beds
7
Square Ft.
4,240
Lot Size
0.19 Acres
Year Built
1953
MLS Number
25535807
30 Days Snapshot Of 90008
$1.42M
+5%
(avg) sold price
9
0%
homes sold
92
+13%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Refrigerator, Dryer, Washer
Building
Built in 1953, Building area total: 4,240, Levels: Two, Living area: 4240, 2 stories, 1 building, Architectural style: Traditional
Expenses
Electric expense: $2,229, Gardener expense: $4,200, Insurance expense: $11,828, New taxes expense: $9,852, Water sewer expense: $2,229
Floors
Carpet, Wood
Garage
5 spaces
Heating
WallFurnace
Income
Gross income: $110,100, Net operating income: $76,672
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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