Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Type

Apartment

Bedrooms

5

Building size

2,934 sqft

Lot size

3,509 sqft

Year built

1899

Stories

2

Garage spaces

0

Pool

None

Status

Active

Days on market

56

MLS #

245234523

About this property

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

1703 Toberman Street

Los Angeles, Los Angeles, CA, 90015