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1703 Toberman St
Los Angeles, CA 90015 Pico-Union

$1,050,000 USD

Apartments For Sale • 2,730 SF

Property Details

Property Type Apartments
Total Building Size 2,730 SF
Lot Size 0.08 AC
Building Class C
Year Built 1899
Cap Rate 8.00 %
Zoning LARD1.5

82 Transit Score

87 Walk Score

                
                    Highlights
                
                                A renovated 5-Unit building with turnkey and remodeled units for new ownership to generate high cashflow on day one.
                            
                                A 8% CAP Rate and 7.76 GRM on actual income.
                            
                                Corner lot in a Pico-Union within a short drive to Downtown LA.
                            
                                New systems completed with permits.
                            
                                New roof, plumbing, and electrical resulting in low maintenance for new owners.

Financial Summary (Actual)

Net Operating Income: $83,702 USD (2024)

Cap Rate:	8.00 %
Total Expenses:	$47,632 USD

Amenities

Air Conditioning
Fenced Lot
Vintage Building
Ceiling Fans
Granite Countertops
High Speed Internet Access
Community-Wide WiFi
Vinyl Flooring

Public Transportation

Commuter Rail	Drive	Walk	Distance
Los Angeles (Coast Starlight - Amtrak, Pacific Surfliner - Amtrak, Southwest Chief - Amtrak, Texas Eagle - Amtrak)	7 min	-	3.4 mi
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink))	9 min	-	3.6 mi
Transit/Subway	Drive	Walk	Distance
Grand Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro))	2 min	16 min	0.8 mi
Lattc/Ortho Institute (Expo Line - Los Angeles County Metropolitan Transportation Authority (Metro))	2 min	18 min	1.0 mi
Pico Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro), Expo Line - Los Angeles County Metropolitan Transportation Authority (Metro))	2 min	20 min	1.0 mi
Airport	Drive	Walk	Distance
Los Angeles International	23 min	-	13.2 mi
Bob Hope	25 min	-	14.6 mi
Long Beach (Daugherty Field)	29 min	-	21.8 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	2
Type:	SurfaceTandem
Included in Rent:	No

Sean Nami 310-279-7779 Lyon Stahl Investment Real Estate

1703 Toberman St Los Angeles, CA 90015 Pico-Union