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1406 Toberman Street

Los Angeles (City), CA 90015
  • $1,699,000
  • STATUS: Active Under Contract
  • ON SITE: 123 Days
  • MLS #: 21783638
Under Contract
UPDATED: 62 min ago
$1,699,000
  • 0
    BEDS
  • 0.13
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1954
County:

School Ratings & Info

Listing Agent(s): Sevak Keshishian of Marcus & Millichap (818-212-2700)


Description

We are pleased to present the opportunity to acquire an 8-unit apartment building in the Pico-Union neighborhood of Los Angeles, California. Built in 1954, 1406 Toberman Street sits on a 5,870 square foot lot with 4,472 square feet of rentable space and is comprised of one (1) Single unit, six (6) 1 Bedroom/1 Bathroom units, & one (1) 2 Bedroom/1 Bathroom unit. The property features on-site parking (repaved in 2021), a new roof (installed in 2020), and a laundry room with hookups (currently inactive). The complex is fully occupied and all rent is paid on time. This is a value-add opportunity with ~39% potential upside in gross rents.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-01-16T15:26:23.897. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or ERA CARLILE Realty Group. Licensed in the State of California, USA.
www.carlilerealty.com/homes/121432415
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1406 Toberman Street Los Angeles (City), CA 90015

  • Price: $1,699,000
  • Status: Active Under Contract
  • On Site: 123 Days
  • Updated: 62 min ago
  • MLS #: 21783638
0
Beds
0
Baths
0
½ Baths
0.13
Acres
1954
Built
Neighborhood:
C42 - Downtown L.A.
County:
Los Angeles
Area:
C42 - Downtown L.A.
Property Description
We are pleased to present the opportunity to acquire an 8-unit apartment building in the Pico-Union neighborhood of Los Angeles, California. Built in 1954, 1406 Toberman Street sits on a 5,870 square foot lot with 4,472 square feet of rentable space and is comprised of one (1) Single unit, six (6) 1 Bedroom/1 Bathroom units, & one (1) 2 Bedroom/1 Bathroom unit. The property features on-site parking (repaved in 2021), a new roof (installed in 2020), and a laundry room with hookups (currently inactive). The complex is fully occupied and all rent is paid on time. This is a value-add opportunity with ~39% potential upside in gross rents.
Exterior Features

Parking Features Driveway Parking Total 8 View City Lights View YN Yes

Property Features

Association Fee 0 Community Features Gated Gross Income 97668 Land Lease YN No Laundry Features Stacked Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 54218 New Construction YN No Security Features Gated CommunityWindow Bars Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 0 Zoning Lard1.5



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-01-16T15:26:23.897. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or ERA CARLILE Realty Group. Licensed in the State of California, USA.
 
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ERA CARLILE Realty Group
1860 Howe Avenue, Suite 100
Sacramento CA, 95825
Listing Agent(s): Sevak Keshishian of Marcus & Millichap (818-212-2700)