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4043 Don Tomaso Drive, Los Angeles, California 90008, Los Angeles, 90008 - bed, bath

4043 Don Tomaso Drive, Los Angeles, California 90008 home-pic-0
ACTIVE$1,550,000
4043 Don Tomaso Drive, Los Angeles, California 90008
0Bed
0Bath
5,749Sqft
8,465Lot
Year Built
1962
Close
-
List price
$1.55M
Original List price
$1.7M
Price/Sqft
$270
HOA
-
Days on market
-
Sold On
-
MLS number
SB25079257
Home ConditionPoor
Features
Excellent View:
View-

About this home

We found 3 Cons,5 Pros.

We are pleased to present 4043 Don Tomaso Drive, Los Angeles. Located in “The Dons” of Baldwin Hills, this large 6-unit building is comprised of (1) 3-Bedroom Unit, (3) 2-Bedroom Units, and (2) 1-Bedroom Units. The asset is operating at a 5.74% CAP Rate and a 11.2 GRM with over 40% in upside rent potential achievable through tenant buyouts or organic turnover. The soft story retrofit has been completed along with copper repiping, and there are five carport spaces in the front with ADU potential. Less than 1 mile away is the 42-acre Baldwin Hills Crenshaw Plaza, which was recently acquired by Harridge Development Group with a $1 Billion redevelopment plan. Conveniently located near the MLK Station (K Line), along with the 405 and 10 freeways, the property is a short commute to the Westside, DTLA, and LAX. This is an ideal investment opportunity for value-add buyers seeking cash flow and appreciation growth in a location supported by strong demographics.

Price History

Date
Event
Price
08/26/25
Price Change
$1,550,000
04/14/25
Listing
$1,700,000
06/19/00
Sold
$83,000
Condition Rating
Poor
The property was built in 1962, making it 62 years old. While the description notes a completed soft story retrofit and copper repiping (positive structural and plumbing updates), there are no interior images to assess the condition of the individual units. The listing explicitly targets 'value-add buyers' and mentions '40% in upside rent potential achievable through tenant buyouts or organic turnover.' This strongly implies that the current interior conditions of the 6 units (kitchens, bathrooms, flooring, fixtures, etc.) are significantly outdated and require substantial rehabilitation to command higher market rents. Achieving a 40% rent increase would necessitate more than minor updates, aligning with the 'substantial repairs and rehabilitation' criteria for a 'Poor' rating, despite the recent structural and plumbing improvements.
Pros & Cons

Pros

Multi-Unit Investment Property: A 6-unit building comprised of diverse unit types (1x3BR, 3x2BR, 2x1BR) provides diversified income streams and strong cash flow potential, making it highly attractive to investors.
Significant Rent Upside Potential: The property boasts over 40% in upside rent potential achievable through tenant buyouts or organic turnover, offering substantial value-add opportunity for increased cash flow and return on investment.
Major Capital Improvements Completed: The completion of the soft story retrofit and copper repiping addresses significant, costly structural and system upgrades, reducing immediate future capital expenditures for a new owner.
Strategic Location with Growth & Accessibility: Located in the desirable 'The Dons' of Baldwin Hills, the property benefits from proximity to the $1 Billion Baldwin Hills Crenshaw Plaza redevelopment and excellent transit access (MLK Station, 405/10 freeways), promising future appreciation and strong tenant demand.
ADU Potential: The presence of five carport spaces with ADU (Accessory Dwelling Unit) potential offers a clear path to further increase the unit count and overall income generation of the property.

Cons

Active Management Required for Upside: Realizing the stated 40%+ rent upside necessitates active management, including potentially costly tenant buyouts or waiting for unpredictable organic turnover, which requires significant effort and time.
Age-Related Interior Updates: While major structural work is done, the 1962 build year suggests that individual unit interiors and common areas may be dated, requiring further investment in renovations to maximize rental income and attract higher-paying tenants.
Recent Price Reduction: The property has seen a price reduction from $1.7M to $1.55M, which, while making it more attractive, could also signal initial overpricing or a slower market response, potentially raising questions about its perceived value.

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