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1703 Toberman Street

Los Angeles (City), CA 90015
  • $1,300,000
  • STATUS: Active
  • ON SITE: 75 Days
  • ID#: SB23221246
UPDATED: 61 min ago
$1,300,000
  • 0
    BEDS
  • 0.08
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1899
County:

School Ratings & Info

Listing Agent(s): Cameron Samimi of Lyon Stahl Investment Real Estate, Inc. (310-425-9838) and Olga Wright of Lyon Stahl Investment Real Estate, Inc.(310-425-9838)


Description

1703 Toberman St, Los Angeles is a completely remodeled 5 unit building with a 7.68% IN PLACE CAP Rate and 8.55 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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-02-21T15:32:37.497. 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 deemed reliable but is not guaranteed accurate by the MLS or Lori Thompson | Coldwell Banker Realty. Licensed in the State of California, USA.
www.housesforsalesocal.com/homes/145906198
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1703 Toberman Street Los Angeles (City), CA 90015

  • Price: $1,300,000
  • Status: Active
  • On Site: 75 Days
  • Updated: 61 min ago
  • ID#: SB23221246
0
Beds
0
Baths
0
½ Baths
0.08
Acres
1899
Built
Neighborhood:
699 - Not Defined
County:
Los Angeles
Area:
699 - Not Defined
Property Description
1703 Toberman St, Los Angeles is a completely remodeled 5 unit building with a 7.68% IN PLACE CAP Rate and 8.55 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.
Exterior Features

Entry Level 1 Entry Location Front Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 1 Parking Total 0 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls

Property Features

Additional Parcels YN No Cap Rate 7.68 Common Interest Community Apartment Community Features Urban Electric Expense 0 Fuel Expense 0 Garage YN No Gross Income 152094 Gross Scheduled Income 152094 Insurance Expense 0 Land Lease YN No Laundry Features None Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New LoanConventional1031 Exchange Net Operating Income 99832 New Construction YN No Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Operating Expense 47699 Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 0 Vacancy Allowance Rate 3 Water Sewer Expense 0 Water Source Public Zoning LARD1.5



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-02-21T15:32:37.497. 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 deemed reliable but is not guaranteed accurate by the MLS or Lori Thompson | Coldwell Banker Realty. Licensed in the State of California, USA.
 
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Lori Thompson | Coldwell Banker Realty
19440 Goldenwest Street
Huntington Beach CA, 92648
Listing Agent(s): Cameron Samimi of Lyon Stahl Investment Real Estate, Inc. (310-425-9838) and Olga Wright of Lyon Stahl Investment Real Estate, Inc.(310-425-9838)