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Los Angeles, CA 90015 1703 Toberman Street

$1,275,000

1703 Toberman Street Los Angeles, Ca - Image 11703 Toberman Street Los Angeles, Ca - Image 21703 Toberman Street Los Angeles, Ca - Image 3
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Presented By: Cameron Samimi with Lyon Stahl Investment Real Estate, Inc.; 310-259-7556
  • MLS# SB23221246
  • 12/05/2023
  • Request Tour
  • Request Info
  • BedBeds • 1
  • BathFull/Half Baths • 6 / 2
  • FootageSQFT • 2,730

Home Details

1703 Toberman St, Los Angeles is a completely remodeled 5 unit building with a 7.85% IN PLACE CAP Rate and 8.38 GRM. You will not find a better deal in LA! This is the ideal opportunity for any buyer looking for a low-maintenance, positive leverage asset with high in place cash flow. The subject property is comprised of (1) 2-Bed/2-Bath (1) 1-Bed/1-Bath and (3) Studio/1-Bath units (Brand new C of O shows 5 legal units issued May of 2022). All units have been extensively renovated, including floors, cabinets, bathrooms and all major systems. Internet, phone and TV are provided to the tenants for free. 1703 Toberman St is conveniently located just minutes from Downtown Los Angeles, with easy access to the 10 and 110 freeways. There are many shops and restaurants nearby, making it a prime location for renters.
Presented By: Cameron Samimi with Lyon Stahl Investment Real Estate, Inc.; 310-259-7556

Interior Features for 1703 Toberman Street

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsItem2CommonWalls
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesNone
Street SuffixStreet
Total Stories2

Other Rooms

Entry Level1

General for 1703 Toberman Street

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate7.85
Carport Y/NNo
CityLos Angeles
Community FeaturesUrban
CountyLos Angeles
Days on Market84
DirectionsOff of Union and Venice
Electric Expense0.0
Entry LocationFront
Expected Active Date 2023-12-07
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Gross Income152094.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Insurance Expense0.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, CashtoNewLoan, Conventional, Item1031Exchange
Lot Size Square Feet3509.0
MLS Area699 - Not Defined
MobileHomeRemainsYNNo
Net Operating Income100145.0
New ConstructionNo
Operating Expense47386.0
Pool FeaturesNone
Private PoolNo
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubTypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Street NameToberman
Tax LotD
Total Units5
Trash Expense0.0
View Y/NNo
Water Sewer Expense0.0
Waterfront Y/NNo
Year Built1899
Year Built SourceAssessor
ZoningLARD1.5

Exterior for 1703 Toberman Street

Building Area Total2730.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem01UnitAcre
Lot Size Acres0.0806
Lot Size Area3509.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings1
Number of Separate Electric Meters1
Number of Separate Gas Meters1
Number of Separate Water Meters1
Open Parking Y/NNo
SpaNo
Total Parking0.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $1,275,000
MLS#SB23221246
List Date 12/05/2023
Property Type Multi-Family
Phone 714.964.3311
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*According to the National Association of Realtors