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2200 Toberman St

Los Angeles, CA 90007
  • $3,100,000
  • STATUS: Active
  • ON SITE: 32 Days
  • MLS #: 21-100177
UPDATED: 44 min ago
$3,100,000
  • 6
    BEDS
  • 0.13
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,026
    SQFT
  • $441
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1909
County:

School Ratings & Info

Description

OWNER IN EXCHANGE MOTIVATED - PRICE REDUCED $400K!!! Lee & Associates Investment Services Group is pleased to present an Outstanding Upside/Reposition opportunity to purchase a 12 Unit Student Housing Apartment Building located at 2200 Toberman Street, Los Angeles, CA 90007. This prime USC Housing property is a currently configured as 14 Beds. The property consists of 12 spacious apartments comprised of 2 Two Bedroom/One Bath units, 2 One Bedroom/One Bath units and 8 Studio apartments. Currently, the property is operating as 12 separate units with 1 to 2 Beds per apartment. There is an opportunity to increase occupancy to a double occupancy model to increase the bed count to 28 Beds. The Subject is equipped with modern appliances and features such as refrigerator, Stove Range Oven, located within the unit. A strength of the student housing market for the subject property is its proximity (less than a mile) to USC (University of Southern California), a prestigious private university with approximately 43,000 students. (Most students prefer to be as close to the university as possible.) The campus's boundaries are Jefferson Boulevard on the north and northeast, Figueroa Street on the east, Exposition Boulevard on the south, and Vermont Avenue on the west.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-05T11:42:47.987. 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/122970316
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2200 Toberman St Los Angeles, CA 90007

  • Price: $3,100,000
  • Status: Active
  • On Site: 32 Days
  • Updated: 44 min ago
  • MLS #: 21-100177
6
Beds
0
Baths
0
½ Baths
0.13
Acres
7,026
SQFT
$441
$/SQFT
1909
Built
Neighborhood:
Downtown L.A.
County:
Los Angeles
Area:
Downtown L.A.
Property Description
OWNER IN EXCHANGE MOTIVATED - PRICE REDUCED $400K!!! Lee & Associates Investment Services Group is pleased to present an Outstanding Upside/Reposition opportunity to purchase a 12 Unit Student Housing Apartment Building located at 2200 Toberman Street, Los Angeles, CA 90007. This prime USC Housing property is a currently configured as 14 Beds. The property consists of 12 spacious apartments comprised of 2 Two Bedroom/One Bath units, 2 One Bedroom/One Bath units and 8 Studio apartments. Currently, the property is operating as 12 separate units with 1 to 2 Beds per apartment. There is an opportunity to increase occupancy to a double occupancy model to increase the bed count to 28 Beds. The Subject is equipped with modern appliances and features such as refrigerator, Stove Range Oven, located within the unit. A strength of the student housing market for the subject property is its proximity (less than a mile) to USC (University of Southern California), a prestigious private university with approximately 43,000 students. (Most students prefer to be as close to the university as possible.) The campus's boundaries are Jefferson Boulevard on the north and northeast, Figueroa Street on the east, Exposition Boulevard on the south, and Vermont Avenue on the west.
Exterior Features

Cross Streets N Of 23rd Street Direction Faces West Exterior Construction Brick VeneerClapboardFrameHard Coat Levels Two Lot Size Area 5481 Other Structures Stall(S) Parking Garage None Roof Composition Total Parking 0 View Description None View YN No

Interior Features

Bathroom Features Low Flow Shower(S)Low Flow Toilet(S)Shower And Tub Baths Total 12.00 Cooking Appliances Gas/Electric Range Cooling Window Unit(S) Equipment Range/OvenRefrigerator Flooring HardwoodTile Foundation Details Raised Heating Wall Gas Laundry CommunityLaundry Area Laundry Equipment Lease Water Heater Features GasWater Heater Unit

Property Features

ADACompliance No Alley YN No Assessed Total Value 262788 Gross Income 196351 Gross Operating Income 190461 Like Units1 2 Like Units2 2 Like Units3 8 Monthly Gross Income 16363.00 Net Operating Income 113413.00 Number Of Buildings 1 Number Of Units 12 Owner Pays ElectricityGasWater Property Condition Updated/Remodeled Rent Control YN Yes Sale Type Standard Security Features Carbon Monoxide Detector(S)Smoke Detector Sewer In Street Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 77045 Type Of Units Apartments Water District Water Heaters YN Yes Year Built Source Assessor Zoning Lard1.5

Listing provided courtesy of Mark Konopaske DRE#00960857 of Mark Konopaske.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-05T11:42:47.987. 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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