1703 Toberman Street
1703 Toberman Street
Description
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,...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.
- Listed by Cameron Samimi • DRE #02035763 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Estate, Inc. • 310-259-7556
- Listed by Olga Wright • DRE #01315042 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Estate, Inc.
Property Details for 1703 Toberman Street
Location
Property Details for 1703 Toberman Street
| Status | Active |
|---|---|
| MLS # | SB23221246 |
| Days on Market | 124 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1899 |
| County | Los Angeles County |
Location
Building Information for 1703 Toberman Street
Payment Calculator
$7,650 per month
30 year fixed, 7.25% Interest
$6,958
$692
$0
Property Information for 1703 Toberman Street
- Gross Income: $152,094
- Gross Scheduled Income: $152,094
- Vacancy Allowance Rate: 3
- Gross Operating Income: $147,531
- Net Operating Income: $100,145
- Gross Multiplier: 8.38
- Cap Rate: 7.85
- Operating Expense: $47,386
- Fuel Expense: $0
- Electric Expense: $0
- Insurance Expense: $0
- Professional Management Expense: $0
- Trash Expense: $0
- Water Sewer Expense: $0
- Total Expenses: $47,386
- Tax Block: 6
- Tax Tract Number: 1234
- Tax Census Tract: 2242.00
- CFD/Mello-Roos Fee: $0
- Tax Lot: D
- Community Features: Urban
- Laundry: No
- Laundry Features: None
- Entry Location: Front
- Pool Features: None
- Pool Description: None
- Pool: N/K
- Lot Features: 0-1 Unit/Acre
- Number Of Units: 5
- Land Lease: No
- Land Lease Type: Fee
- Water: Public
- Sewer: Public Sewer
- Water Source: Public
- Garage Spaces: 0
- Parking Garage Spaces: 0
- Carport Spaces: 0
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 2
- Unit Type Actual Rent: $2,169
- Unit Type Total Rent: $2,169
- Unit Type Pro Forma: 2200
- Unit Type Type: 1
- Unit Type Units Total: 1
- Unit Type Beds Total: 0
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $1,612
- Unit Type Total Rent: $1,612
- Unit Type Pro Forma: 1625
- Unit Type Type: 2
- Unit Type Units Total: 1
- Unit Type Beds Total: 0
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $1,085
- Unit Type Total Rent: $1,085
- Unit Type Pro Forma: 1085
- Unit Type Type: 3
- Unit Type Units Total: 1
- Unit Type Beds Total: 0
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $1,083
- Unit Type Total Rent: $1,083
- Unit Type Pro Forma: 1085
- Unit Type Type: 4
- Unit Type Units Total: 1
- Unit Type Beds Total: 0
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $1,400
- Unit Type Total Rent: $1,400
- Unit Type Pro Forma: 1625
- Unit Type Type: 5
- Unit Type Units Total: 1
- Unit Type Beds Total: 0
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $1,602
- Unit Type Total Rent: $1,602
- Unit Type Pro Forma: 1625
- Unit Type Type: 6
- Unit Type Units Total: 1
- Unit Type Beds Total: 0
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $1,400
- Unit Type Total Rent: $1,400
- Unit Type Pro Forma: 1625
- Unit Type Type: 7
- Rent Controlled: Yes
- Number Of Buildings: 1
- Number Of Separate Electric Meters: 1
- Number Of Separate Gas Meters: 1
- Number Of Separate Water Meters: 1
Property History for 1703 Toberman Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1703 Toberman Street
Schools near 1703 Toberman Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Charter - | K to 8 |
Rating | School | Distance |
|---|---|---|
Norwood Street Elementary School PublicK to 5 | ||
John Adams Middle School Public6 to 8 | ||
West Adams Preparatory High School Public9 to 12 | ||
Downtown Value School CharterK 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.
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Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Cameron Samimi, DRE #02035763; Lyon Stahl Investment Real Estate, Inc., Olga Wright, DRE #01315042
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.