2200 Toberman Street
2200 Toberman Street
$2,000,000
3
12
7,026
7,026
$285
Closed 3/24/23
Description
Toberman Apartments is a 12 unit complex in Los Angeles close to USC, 110 and 10 freeways as well as major employers in Downtown Los Angeles. The building was built in 1909 and is a two story walk-up with a secured entry and center hallway. The neighborhood is comprised of primarily single family residences built in the early 1900’s. There is an opportunity to convert the property to student housing and rent to USC students as the university less than 1 mile away. The building is master metered for...Toberman Apartments is a 12 unit complex in Los Angeles close to USC, 110 and 10 freeways as well as major employers in Downtown Los Angeles. The building was built in 1909 and is a two story walk-up with a secured entry and center hallway. The neighborhood is comprised of primarily single family residences built in the early 1900’s. There is an opportunity to convert the property to student housing and rent to USC students as the university less than 1 mile away. The building is master metered for gas and electric so the rents reflect the additional cost paid by the landlord in the operating expenses. When the City of Los Angeles RSO ( Rent Stabilization Board) resumes annual rent increases, the RSO also allows an additional 1% increase in monthly rent for gas utilities paid by a landlord, and an additional 1% increase in monthly rent for electric utilities paid by a landlord. There is a laundry room on site with an ongoing contract operated by WASH. The parking is on street only. This investment opportunity is attractively priced at 11.29 times gross and $191,667 per unit with future upside in rental income. The projected first year NOI is $126,043 after allowing for a $6,094 (3%) vacancy factor.
- Listed by Stephen Lampe • DRE #01164364 • Brokerage DRE #01508014 • Re/Max Commercial & Investment
Property Details for 2200 Toberman Street
Parking Spaces Total
0
Private PoolNo
Total Units12.0
Building TypeDetached
Lot Size SourceAssessor
Living Area7026
Assessor Parcel Number5124-014-011
Property Attached YNfalse
Location
LISTING UPDATED: 03/24/2023 09:01 AM
Property Details for 2200 Toberman Street
Status | Closed |
---|---|
MLS # | SB22069017 |
Days on Market | 286 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1909 |
Lot Size | 0.13 AC / 5,481 SF |
County | Los Angeles County |
Location
Building Information for 2200 Toberman Street
Stories2Residences-Year Built1909Building Size-Lot Size0.13 AC / 5,481 SF
Payment Calculator
$11,296 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 2200 Toberman Street
Property History for 2200 Toberman Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 2200 Toberman Street
Taxable ValueLand$138,118Additions$139,028Total$277,146
Tax Record2023$4,567 ($381 / month)
Home Facts
Total Finished SqFt7,026 SqFtAbove Grade Finished SqFt7,026 SqFtLot Size5,481 SqFtStyleMulti-Family Res (5+ Units)Year Built1909ZoningLARD1.5CountyLOS ANGELESAPN5124-014-011
Schools near 2200 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 | |||
Charter - | 6 to 12 |
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 | ||
Alliance Gertz-Ressler Richard Merkin 6-12 Complex Charter6 to 12 |
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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