1324 Toberman Street

Los Angeles, CA 90015

$1,120,000
Price
5
Beds
5
Baths
2,948 Sq. Ft.
$380 / Sq. Ft.
2,948
Sq. Ft.
$380
per Sq. Ft.

Description

Welcome to this incredible 4-unit property located in a historical zone and just moments away from the Staples Center, Downtown LA and Koreatown. This is a rare opportunity to own an investment property with potential for significant rental income. One of the units is a newly built addition, offering modern amenities and stylish finishes, and boasting a spacious 957 sqft floor plan. Each unit features its own unique layout and charm, providing a variety of options for potential renters. The newly...Welcome to this incredible 4-unit property located in a historical zone and just moments away from the Staples Center, Downtown LA and Koreatown. This is a rare opportunity to own an investment property with potential for significant rental income. One of the units is a newly built addition, offering modern amenities and stylish finishes, and boasting a spacious 957 sqft floor plan. Each unit features its own unique layout and charm, providing a variety of options for potential renters. The newly paved parking area provides plenty of space for tenants, making parking a breeze. Located in a prime location, this property is perfect for those looking to enjoy all the best that Downtown LA has to offer. From fine dining to world-class entertainment, everything is just a stone's throw away. Don't miss out on this chance to own a piece of history while generating rental income.
  1. Listed by 'Amy'Mi Soon Kim • DRE #02063096 • Brokerage DRE #02063096 • Hanbada Realty Inc.

Property Details for 1324 Toberman Street

Zoning
LARD1.5
Parcel Number
5135033013
Total Units
4.0
Living Area
2948
Source Living Area
Builder
Area
Downtown L.A. (C42)
Vacancy Rate
1
Lot Size Area
7311

Location

Listing Courtesy of Hanbada Realty Inc., 'Amy'Mi Soon Kim, DRE #02063096
Add your commute
LISTING UPDATED: 03/30/2024 01:00 PM

Property Details for 1324 Toberman Street

StatusActive
MLS #24-363083
Days on Market59
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1890
Lot Size0.17 AC / 7,311 SF
CountyLos Angeles County

Location

Listing Courtesy of Hanbada Realty Inc., 'Amy'Mi Soon Kim, DRE #02063096
Add your commute

Building Information for 1324 Toberman Street

Stories1Residences-Year Built1890Building Size-Lot Size0.17 AC / 7,311 SF

Payment Calculator

$6,947 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,112

Property Taxes

$835

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1324 Toberman Street

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • Number Of Buildings: 2
  • Type Of Units: ADU
  • Security Features: Gated
  • Property Condition: Updated/Remodeled
  • Water Heaters: Yes
  • Building Permit: Yes
Contract Info
Contract Info
  • Probate: No
  • Financing: Cash, Cash To New Loan, Conventional
  • Disclosures: Historical
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $78,516
  • Net Operating Income: $55,723.00
  • Gross Income: $78,516
  • Cap Rate: 4.98%
  • Gross Rent Multiplier: $14.20
  • Actual Annual Gross Rent: $78,516.00
  • Actual Gross Annual Income: $78,516
  • Actual Rent Total: $78,516.00
  • Owner Pays: Water
  • Total Annual Expense: 22792
  • Expense Operating Percent: $28.00
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Lot Acreage: 0.1678
  • Lot Size Square Feet: 7311
Parking Details
Parking Details
  • Parking Garage: Gated, Assigned
  • Total Parking: 7
  • Open Other Spaces Total: 7
  • Parking Features: Gated, Assigned
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Air Conditioning
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Flooring: Laminate
  • Equipment: Dishwasher, Washer, Refrigerator, Dryer
  • Laundry: Washer Included, Dryer Included
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 02-28-2024
  • Tenant Pays: Gas, Electricity, Trash Collection
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,835.00
  • Unit Actual Rent: $1,835.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,196.00
  • Unit Actual Rent: $1,196.00
  • Unit Projected Rent: $1,500.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $912.00
  • Unit Actual Rent: $912.00
  • Unit Projected Rent: $1,200.00
  • Like Units: 3
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,600.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,600.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $260,000.00
  • Assessed Improvement Percent: 33.33
  • Assessed Land Value: $520,000.00
  • Assessed Land Percent: 66.67
  • Assessed Total Value: $780,000.00

Property History for 1324 Toberman Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1324 Toberman Street

Taxable ValueLand$530,400Additions$265,200Total$795,600
Tax Record2023$10,026 ($835 / month)
Home Facts
Total Finished SqFt1,973 SqFtAbove Grade Finished SqFt1,973 SqFtLot Size7,311 SqFtStyleTriplexYear Built1890ZoningLARD1.5CountyLOS ANGELESAPN5135-033-013

Schools near 1324 Toberman Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Magnolia Avenue Elementary School
PublicK to 5

John H. Liechty Middle School
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

1324 Toberman Street is a multi-family home for sale in Los Angeles, CA 90015. This property was listed for sale on February 28, 2024 by Hanbada Realty Inc., it's currently listed at $1,120,000. It has been on the market for a total of 59 days and was last sold on August 17, 2021. This listing's school district is Los Angeles Unified School District. Nearby schools include Magnolia Avenue Elementary School, John H. Liechty Middle School and Contreras Learning Center-School Of Social Justice. 1324 Toberman Street is a 5-bed, 5-bath, 2,948 sqft multi-family home built in 1890.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Hanbada Realty Inc., 'Amy'Mi Soon Kim, DRE #02063096

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.