Residential Income - 1703 Toberman Street, Los Angeles, CA

$1,100,000

1703 Toberman Street, Los Angeles, CA

1703 Toberman Street, Los Angeles, CA 90015 - $1,100,000 · Multi-Family Home for Sale, photo 3

1703 Toberman Street, Los Angeles, CA 90015 - $1,100,000 · Multi-Family Home for Sale, photo 4

1703 Toberman Street, Los Angeles, CA 90015 - $1,100,000 · Multi-Family Home for Sale, photo 5

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Description

Toberman House - a beautifully restored 1899 Historic Victorian in the South Park / Pico-Union area, blocks from Downtown LA, LA Live and Metro. Offered at $1,100,000. Five legal units (studios, a one-bedroom and a two-bedroom) plus an on-site parking space, fully renovated in 2022 with mini-split A/C and in-unit laundry hookups. Priced at an 8.08% in-place cap rate on the buyer's reassessed tax basis, with contracted lease-up and mark-to-market on housing-assisted units for stable, government-supported cash flow. Buyer to verify all figures, unit legality and square footage.

Property details

Year built

1899

Property type

Residential Income

Lot size

3,509 sqft

Location

1703 Toberman Street • Los Angeles, CA 90015

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Listed by

Logan Altman · Altman Apartments LLC

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Closed sales reported in 90015, nearest first, last 12 months. All recent sales in Los Angeles →

Sale history for 1703 Toberman Street

Sold $566,000 in November 2018 · MLS #PW17271142 · Source: CRMLS