3,510 Sqft Lot
3,510 Sqft Lot
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB25142098
HOA Y/N No
Year Built 1899
Lot Size 3,510 Sqft
Property Sub-Type Apartment
Property Description
updated. New Roof, Electrical, Plumbing, Wiring, Interiors.
The property operates like a new asset due to substantial
upgrades to all systems and interiors. The property is
currently operating at a 7.61% Cap Rate and is being
offered at a 8.68 GRM well below market average. 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.
Location
State CA
County Los Angeles
Area 699 - Not Defined
Zoning LARD1.5
Interior
Fireplace No
Laundry None
Exterior
Pool None
Community Features Urban
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5135025017
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Special Listing Condition Standard
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