1703 Toberman St, Los Angeles, CA 90015

1703 Toberman St, Los Angeles, CA 90015

Los Angeles, CA

Property Description

1703 Toberman St, Los Angeles is brand new completely remodeled 5 unit building with an 7.12% IN PLACE CAP Rate and 9.02 GRM. You are guaranteed rent through government subsidized PATH program. You will not find a better deal in LA! This is the ideal opportunity for any exchange buyer looking for a low-maintenance, high-cash flow asset where they can park their money. 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). 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.

Property Features

  • Sale Price: $1,300,000
  • Area Size: 2,730
  • Land Area: 3,509
  • Year Built: 1899
  • Listing Date: 12/8/2023
  • Units: 5
  • Current GRM: 9.02
  • Current Cap Rate: 7.12%
  • Price Per Unit: $260,000
  • Market GRM: 8.60
  • Market Cap Rate: 7.65%
  • Current NOI: $92,563

Lyon Stahl Investment Real Estate

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