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    1406 Toberman St

    Los Angeles, CA 90015
    • $1,990,000
    • STATUS: Active
    • ON SITE: 1 days
    • MLS #: 21-783638
    New On Site 1 Day Ago
    UPDATED: 39 min ago
    $1,990,000
    • 8
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,472
      SQFT
    • $445
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1954
    County:

    School Ratings & Info

    Description

    We are pleased to present the opportunity to acquire an 8-unit apartment building in the Pico-Union neighborhood of Los Angeles, California. Built in 1954, 1406 Toberman Street sits on a 5,870 square foot lot with 4,472 square feet of rentable space and is comprised of one (1) Single unit, six (6) 1 Bedroom/1 Bathroom units, & one (1) 2 Bedroom/1 Bathroom unit. The property features on-site parking (repaved in 2021), a new roof (installed in 2020), and a laundry room with hookups (currently inactive). The complex is fully occupied and all rent is paid on time. This is a value-add opportunity with ~39% potential upside in gross rents.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-16T22:42:56.953. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.searchdesertrealestate.com/homes/121431644
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    1406 Toberman St Los Angeles, CA 90015

    • Price: $1,990,000
    • Status: Active
    • Updated: 39 min ago
    • MLS #: 21-783638
    8
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    4,472
    SQFT
    $445
    $/SQFT
    1954
    Built
    Neighborhood:
    Downtown L.A.
    County:
    Los Angeles
    Area:
    Downtown L.A.
    Property Description
    We are pleased to present the opportunity to acquire an 8-unit apartment building in the Pico-Union neighborhood of Los Angeles, California. Built in 1954, 1406 Toberman Street sits on a 5,870 square foot lot with 4,472 square feet of rentable space and is comprised of one (1) Single unit, six (6) 1 Bedroom/1 Bathroom units, & one (1) 2 Bedroom/1 Bathroom unit. The property features on-site parking (repaved in 2021), a new roof (installed in 2020), and a laundry room with hookups (currently inactive). The complex is fully occupied and all rent is paid on time. This is a value-add opportunity with ~39% potential upside in gross rents.
    Exterior Features

    Lot Description 5 + Lots Lot Size Area 5870 Other Structures None Parking Garage Driveway Total Parking 8 View Description City View YN Yes

    Interior Features

    Baths Total 8.00 Common Walls Attached Cooling Other Equipment Gas Or Electric Dryer HookupStackable W/D Hookup Heating Other Water Heater Features Central Water Heater

    Property Features

    Assessed Total Value 445399 Gross Income 97668 Gross Operating Income 95183 Land Lease Type Fee Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 50528.00 Number Of Buildings 1 Number Of Units 8 Sale Type Standard Security Features GatedWindow Bars Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Total Annual Expense 44655 Type Of Units Standard Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lard1.5

    Listing provided courtesy of Sevak Keshishian DRE#01887505 of Marcus & Millichap.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-16T22:42:56.953. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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