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3815 Don Tomaso Drive

Los Angeles, CA 90008
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Bed 9

Bed

Bath 9

Bath

SqFt4,556

Sqft

SqFt10,866

Sqft(Lot)

See DOCS Section for OM. 3815 Don Tomaso Dr., is a six-unit multifamily investment property located in the Baldwin Hills neighborhood of Los Angeles. Built in 1954, the 4,556 square foot multi-level property sits on a 10,866 square-foot lot and offers a diverse unit mix within a single building, in one of the more centrally located rental submarkets in Los Angeles. The property offers investors a compelling value-add opportunity. With below-market in-place rents across the rent roll, a new owner has the opportunity to increase income through turnover while benefiting from the stability of a fully-occupied, centrally located multifamily asset. UNIT DETAILS Unit features include large bedrooms, large full bathrooms, large kitchens, separate spacious living room areas and ample closet spac e. Several of the units have beautiful wood beam structures that span the ceilings of the living area. Units E and F at the top of the property feature large outdoor patio spaces that can be accessed by the master bedrooms. Due to ample available space, investors may want to explore the possibility of adding washer/dryers in each unit. COMMON AREA DETAILS The property has a privacy-friendly design that rises two levels above the street on a large hillside lot. The views from the second and third levels of the property are exceptional spanning all the way to Downtown LA and beyond. A large quiet courtyard on the second level that could be improved with soft seating and landscaping to make a gathering place for tenants. There is also a laundry room that contains a washer and dryer but is not currently being utilized by the tenants. All units are separately metered for electricity and gas and have their own individual water heaters, the tenants pay for their own trash, and the landlord pays for water. There is ample street parking across from the property. Investment highlights VALUE ADD - In-place rents offer roughly 47% upside to market, a $4,904 monthly loss to lease. Capturing it through natural turnover lifts NOI from $78,553 to $129,231 and the cap rate from 6.04% to 9.94%.DIVERSE UNIT MIX - Four (4) 1Bed+1Bath units, one (1) 2Bed+2Bath unit, and one (1) 3Bed+3Bath ADUATTRACTIVE BUILDING LAYOUT - Property rises three levels above the street on a hillside parcel creating amazing views and quiet space for tenants SINGLE-BUILDING ASSET - All six units sit within one building on a 10,866 SF lot, simplifying ongoing ownership and management. PRIME BALDWIN HILLS LOCATION - Positioned in a well-established, centrally located Los Angeles rental submarket with consistent tenant demand.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $1,300,000

AD Id : 89844564

MLS Id : 26875413

Beds : 9

Lot Size : 10,866 Sq. Ft

Living Area Size : 4,556 Sq. Ft

Year Built : 1954

County : Los Angeles

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Feature Features

  • Bedroom Information

    Total beds: 9

    Bathroom Information

    Total Baths: 9

  • Building Information

    Year Built: 1954
    Building Area Total: 4556
    Private Pool: No

  • Lot Information

    Main Square Feet: 10866 Lot Size Acres: 0.2494 Lot Size Source: Assessor Lot Size Square Feet: 10,866

  • Listing Price Information

    Listing Price: $1300000

  • Tax Information

    Parcel Number: 5026002003

  • Location Information

    Direction: Just North of Stocker St and East of Don Felipe Dr.
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
3854 Arlington Avenue, Los Angeles, CA, 90008 $1,160,000 8 4 3,332 8,063 Sq. Ft
3976 3rd Avenue, Los Angeles, CA, 90008 $800,000 4 2 2,076 5,341 Sq. Ft
4139 2nd Ave, Los Angeles, CA, 90008 $725,000 2 1 1,284 6,502 Sq. Ft
4165 2nd, Los Angeles, CA, 90008 $770,000 3 1 1,041 6,502 Sq. Ft
4301 Arlington Ave., Los Angeles, CA, 90008 $799,000 3 2 2,363 6,502 Sq. Ft
3831 6th Avenue, Los Angeles, CA, 90008 $850,000 2 2 1,565 6,019 Sq. Ft
2417 W Vernon Avenue, Los Angeles, CA, 90008 $2,600,000 17 17 8,128 12,504 Sq. Ft
4150 5th Avenue, Los Angeles, CA, 90008 $1,040,000 3 2 1,713 4,742 Sq. Ft
4089 Leimert Boulevard, Los Angeles, CA, 90008 $1,895,000 8 8 5,134 6,188 Sq. Ft
3950 Welland Avenue, Los Angeles, CA, 90008 $1,599,999 3 2 1,737 6,107 Sq. Ft

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 10/10/2026 @ 07:56

MLS: 26875413 LISTED BY: Josh Kaplan, Equity Union 818-989-2000 SOURCE: CRMLS

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