$1,275,000 Price Analysis   ♡   Los Angeles, CA 90015 1 bed 8 bath 2,730 SqFt ($467/SqFt) 3,509SqFt lot. Built 1899 Listed 2023-12-07, Taxes $7,926 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
1703 Toberman St
Los Angeles is a completely remodeled 5 unit building with a 7.85% IN PLACE CAP Rate and 8.38 GRM. You will not find a better deal in LA! 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 fre. 1703 Toberman St is conveniently located 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.
Presented by Cameron Samimi at
Lyon Stahl Investment Re, Inc.
Property MLS #SB23221246 from CRMLS
Lot Size Acres: 0.0805556
Lot Size Source: Assessor
Lot Size Square Feet: 3509
Bedrooms in Unit-1: 1
Total Bathrooms in Unit-1: 2
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1
Total Bathrooms in Unit-5: 1
Total Bathrooms in Unit-6: 1
Total Bathrooms in Unit-7: 1
County: Los Angeles
Cap Rate: 7.85
Source Property Type: Residential Income
Area: 699 - Not Defined
Source Neighborhood: 699 - Not Defined
Number of Separate Electric Meters: 1
Number of Separate Gas Meters: 1
Number of Separate Water Meters: 1
Parcel Number: 5135025017
Postal Code Plus 4: 3328
Zoning: LARD1.5
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $232,759 + $416,476 $649,235 | $7,926 |
| 2021 | $174,990 + $408,310 $583,300 | $7,191 |
| 2020 | $173,196 + $404,124 $577,320 | $7,261 |
| 2019 | $169,800 + $396,200 $566,000 | $6,979 |
| 2018 | $30,636 + $27,178 $57,814 | $879 |
| 2017 | $30,036 + $26,646 $56,682 | $865 |
| 2016 | $29,448 + $26,124 $55,572 | $810 |
| 2015 | $29,006 + $25,732 $54,738 | $800 |
| 2014 | $28,438 + $25,228 $53,666 | $812 |
| 2013 | $28,310 + $25,114 $53,424 | $805 |
| 2012 | $27,755 + $24,622 $52,377 | $814 |
| 2010 | $27,211 + $24,140 $51,351 | $819 |
| 2009 | $27,073 + $24,017 $51,090 | $785 |
| 2009 | $27,008 + $23,960 $50,968 | $785 |
| 2008 | $26,543 + $23,547 $50,090 | $760 |
| 2007 | $26,023 + $23,086 $49,109 | $724 |
$1,275,000
CRMLS
Relisted 2024-01-09
$1,300,000
CRMLS
Listing removed 2023-12-22
$0
CRMLS
Listed 2023-12-07
$1,300,000
CRMLS
Listing removed 2023-02-23
$0
TheMLSCLAW
Price Changed 2023-01-24
$1,289,000
TheMLSCLAW
Relisted 2023-01-03
$1,285,000
TheMLSCLAW
Listing removed 2022-12-27
$0
TheMLSCLAW
Price Changed 2022-11-21
$1,289,000
TheMLSCLAW
Price Changed 2022-11-02
$1,299,000
TheMLSCLAW
Price Changed 2022-10-13
$1,350,000
TheMLSCLAW
Listed 2022-09-12
$1,400,000
TheMLSCLAW
Listing removed 2022-08-25
$1,495,000
CRISNET
Listed 2022-07-12
$1,495,000
CRISNET
Sold 2018-11-16
$566,000
SanDiegoMLS
Price Changed 2018-06-25
$725,000
CRMLS
Price Changed 2018-01-05
$750,000
CRMLS
Listed 2017-12-07
$725,000
SanDiegoMLS
Listed 2017-12-07
$800,000
CRMLS
Sold 1977-11-18
$30,000
Public Record
Year Built: 1899
Building Features: 1
Common Walls: 2+ Common Walls
Entry Level: 1
Entry Location: Front
Property Age: 125
Property Attached: Yes
Building Total Stories: 2
Structure Type: Apartment
Year Built Source: Assessor
Water Source: Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.