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$1,295,000

Beds
9
sq ft
4,666

3815 Don Tomaso Dr, Los Angeles, CA 90008

3815 Don Tomaso Dr

Los Angeles, CA 90008

  • 69 days on market
New financials and reduced price! All units are occupied. We are proud to present an opportunity to acquire a 6-unit apartment community located in the highly desirable Baldwin Hills market of Los Angeles. The offering features true rental upside and current ownership just completed a brand new 3 bedroom/2 bathroom ADU that includes white shaker cabinets,quartz counters, LVP floors and beautiful bathrooms. The ADU unit also includes an in-unit washer and dryer and has a AC/Heat Mini Split System. Total square footage is based on 3,666 assessor total square footage plus 1,000 sq ft brand new ADU (Buyer to verify). The value-add apartment boasts strong day-1 income and contains an attractive unit mix of 1, 2 and 3 bedroom floorplans. The property is in one of the hottest markets in Los Angeles surrounded bymulti-million dollar homes and lies in close proximity to all of LA's major employment hubs. This investment presents a very attractive opportunity to own avalue-add apartment on one of the most desirable streets in Baldwin Hills.

Details

Property type

Est. home value

$995,418

Lot size

0.2494 acres

Price per sq ft

$278

Year built

1954

HOA

No

Price History

06/17/2024
CLAW

CLAW #24382233

Listed
$1,295,000
06/14/2024
CLAW

CLAW #24382233

Removed
$1,295,000
04/22/2024
CLAW

CLAW #24382233

Listed
$1,295,000
-5.82%

Schools & Community

Neighborhood: 

Crenshaw

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Midfirst Bank

Loan start date

January 2022

Original loan amount

$695,000

Est. remaining balance

Not provided

Interest rate

3.1%

Loan type

Commercial

Seller

Tomaso Gardens Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 07/01/2024 at 8:40 AM

Listing updated: 06/17/2024 at 9:33 AM

Listed by: John Katnik, BRC Advisors- BH

MLS: CLAW #24382233

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