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Listed by Logan Altman, DRE #01965826 • Altman Apartments LLC
$ 1,100,000
Est. payment /mo
Price Dropped by $50K
1703 Toberman ST Los Angeles, CA 90015
3,509 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSR26162861
Year Built 1899
Lot Size 3,509 Sqft
Source California Regional MLS
Property Description
Toberman House - a beautifully restored 1899 Historic Victorian in the South Park / Pico-Union area, blocks from Downtown LA, LA Live and Metro. Offered at $1,100,000. Five legal units (studios, a one-bedroom and a two-bedroom) plus an on-site parking space, fully renovated in 2022 with mini-split A/C and in-unit laundry hookups. Priced at an 8.08% in-place cap rate on the buyer's reassessed tax basis, with contracted lease-up and mark-to-market on housing-assisted units for stable, government-supported cash flow. Buyer to verify all figures, unit legality and square footage.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Interior
Laundry Community Facility
Exterior
Pool None
Building
Water District - Public
Others
Tax ID 5135025017
Special Listing Condition Not Applicable
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