Property Detail

Description

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. 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. Both properties can be sold individually or as a package; 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.