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Listed by Cameron Samimi • Lyon Stahl Investment Real Estate, Inc.
$ 1,150,000
Est. payment /mo
New
1705 Toberman Street Los Angeles, CA 90015
2,730 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 2,730 sqft
Price per Sqft $421
MLS Listing ID CRSB25193458
HOA Y/N No
Year Built 1899
Lot Size 3,509 Sqft
Property Sub-Type Other
Source Datashare California Regional
Property Description
Brand New Asset! All systems have been completely updated. New Roof, Electrical, Plumbing, Wiring, Interiors. The property operates like a new asset due to substantial upgrades to all systems and interiors. The property is currently operating at a 8.01% Cap Rate and is being offered at a 8.41 GRM well below market average. This is the ideal opportunity for any buyer looking for a low- maintenance, positive leverage asset with high in place cash flow. 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 issued May of 2022). 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. 1703-5 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.
Location
State CA
County Los Angeles
Interior
Fireplace No
Laundry No Hookups
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