3815 Don Tomaso Dr

Investment Overview

Six-unit value-add opportunity in Baldwin Hills, built in 1954 on a 10,866 SF hillside lot with sweeping views toward Downtown LA. In-place rents sit roughly 47% below market, offering a clear path to increased income through turnover.

Investment Highlights

• Value-add upside: in-place rents sit roughly 47% below market, a loss to lease of $4,904 per month. Capturing it through natural turnover lifts NOI from $78,553 to $129,231 and the cap rate from 6.04% to 9.94%.
• Fully occupied: stable in-place income while a new owner works toward market rents.
• Diverse unit mix: four 1-bed/1-bath units, one 2-bed/2-bath unit, and one 3-bed/3-bath ADU, all within a single building.
• Views and privacy: the building rises above the street on a 10,866 SF hillside lot, with views from the upper levels reaching Downtown LA and beyond.
• Outdoor space: Units E and F at the top feature large private patios off the master bedrooms, and a quiet second-level courtyard could be improved into a tenant gathering space.
• Low operating burden: all units are separately metered for electricity and gas with their own water heaters, and tenants pay their own trash.
• Added income potential: the laundry room is not currently used by tenants, and investors may explore adding washers and dryers in each unit.
• Central Baldwin Hills location near Crenshaw Boulevard retail and dining, the Metro K Line, and Kenneth Hahn State Recreation Area.