Listing provided courtesy of Cameron Samimi of Lyon Stahl Investment Real Estate, Inc.. Last updated 2024-05-19 08:11:41.000000. Listing information © 2023 CRMLS.
Asking Price: $1,275,000
1703 Toberman, Los Angeles CA 90015
Community: 699 - Not Defined
Status: Active
This Apartment property was built in 1899 and is priced at $1,275,000. Please see the additional details below.
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.
