2112 Toberman St, Los Angeles, CA 90007

2112 Toberman St, Los Angeles, CA 90007

Los Angeles, CA
$1,595,000

Property Description

Situated in the vibrant USC Patrol Zone of Los Angeles, CA, 2112 Toberman Ave offers a remarkable investment opportunity. This multi-unit property comprises six well-appointed units, including a brand-new 3-Bed/3-Bath ADU that adds a modern touch to the portfolio. Priced aggressively at 10.85 GRM and 6.19% Cap rate, this property is the best income you’ll find this close to campus. The two recently renovated units stand ready for occupancy, providing immediate income potential or the chance to attract premium tenants. Located strategically near USC, Downtown LA, and major transit routes, this property ensures a steady flow of potential renters. The meticulous maintenance of the property guarantees a hassle-free ownership experience. A standout feature of this investment is the brand-new ADU, offering four bedrooms and three bathrooms, perfect for contemporary living arrangements. This addition further enhances the property’s appeal and rental potential. With significant potential for property appreciation over time, this investment promises both stability and long-term growth. Don’t miss this rare opportunity to secure a promising investment in a dynamic and evolving neighborhood.

Property Features

  • Sale Price: $1,595,000
  • Area Size: 4,633 Sq. Ft.
  • Land Area: 5,496 Sq. Ft.
  • Year Built: 1961
  • Listing Date: 10/10/2023
  • Units: 6
  • Current GRM: 10.85
  • Current Cap Rate: 6.19%
  • Price Per Unit: $265,833
  • Market GRM: 8.12
  • Market Cap Rate: 9.20%
  • Current NOI: $98,769

Lyon Stahl Investment Real Estate

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