1703 Toberman Street Los Angeles, CA ^$ 1,275,000

1703 Toberman Street

^$ 1,275,000

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1703 Toberman Street

Los Angeles, CA, 90015

^$ 1,275,000

Bedrooms1 Baths6.2 Sq 2,730

Monthly Estimate*

^$ 8,906

Listed by Lyon Stahl Investment Real Estate, Inc.

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Multi-Family Home for sale in Los Angeles, CA

for $1,275,000 with 1 bedroom and 6 full baths, 2 half baths. This 2,730 square foot home was built in 1899 on a lot size of 0.0806.

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.

Multi-Family Active

Price

^$ 1,275,000

Bedrooms

Full Bath

Half Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Apartment

Lot Size

0.0806

Year Built

1899

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

SB23221246

Days on Market

144

Features

General

Sewer PublicSewer

Zoning LARD1.5

Garage Spaces 0.0

Pool Features None

Year Built 1899

Property SubType Apartment

Gross Income 152094.0

Community Features Urban

County Los Angeles

Net Operating Income 100145.0

Operating Expense 47386.0

Insurance Expense 0.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Special Listing Conditions Standard

Status Active

Directions Off of Union and Venice

City Los Angeles

Entry Location Front

View Y/N N

Senior Community Y/N N

Total Units 5

MLS Area 699 - Not Defined

Lot Size Square Feet 3509.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Toberman

Listing Terms Cash CashtoNewLoan Conventional Item1031Exchange

Property Attached Y/N Y

Land Lease Y/N N

Electric Expense 0.0

Home Warranty Y/N N

Fuel Expense 0.0

Trash Expense 0.0

Water Sewer Expense 0.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N Y

Days on Market 84

Building Area Units SquareFeet

Standard Status Active

Year Built Source Assessor

Tax Lot D

Property Sub Type Additional Apartment

Expected Active Date 2023-12-07

Cap Rate 7.85

Exterior

Lot Features Item01UnitAcre

Water Source Public

Total Parking 0.0

Lot Size Area 3509.0

Number of Buildings 1

Spa N

Building Area Total 2730.0

Lot Size Acres 0.0806

Lot Size Units SquareFeet

Lot Size Source Assessor

Number of Separate Water Meters 1

Number of Separate Gas Meters 1

Number of Separate Electric Meters 1

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 2

Common Walls Item2CommonWalls

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Street Suffix Street

Laundry Features None

Entry Level 1

Electric On Property Y/N N

Internal Only

Street Number 1 1703

* Excluded Features

List By

Lyon Stahl Investment Real Estate, Inc.

Broker

(310) 425-9838

Phone

Affordability Calculator

$8,906

Per Month

Monthly Principal & Interest: $8,906
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Los Angeles, CA

Average List Price ^$2,000,821

Percent of Sale Price 57%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/19/2024	$1,275,000	-1.92%	Price Down
12/8/2023	$1,300,000		Listed Price

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1703 Toberman Street, Los Angeles, CA, 90015 is a Multi-Family Home for sale at $1,275,000 with 2,730 sqft and a lot size of 0.0806. 1703 Toberman Street has 1 bedrooms, 6.2 baths, and was built in 1899. The property's zip code is 90015 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 4/27/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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1703 Toberman Street

Multi-Family Home for sale in Los Angeles, CA

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