Linda Ojeda
Luxury Collective
(424) 372-0165
111 Total Sales
1 in Pico-Union
$1,250,000 Price
1406 Toberman St Los Angeles, CA 90015
Pico-Union Neighborhood
8
Beds
8
Baths
4,472
Sq Ft
5,870
Sq Ft Lot
About This Home
As of February 2022We are pleased to present the opportunity to acquire an 8-unit apartment building in the Pico-Union neighborhood of Los Angeles, California. Built in 1954, 1406 Toberman Street sits on a 5,870 square foot lot with 4,472 square feet of rentable space and is comprised of one (1) Single unit, six (6) 1 Bedroom/1 Bathroom units, & one (1) 2 Bedroom/1 Bathroom unit. The property features on-site parking (repaved in 2021), a new roof (installed in 2020), and a laundry room with hookups (currently inactive). The complex is fully occupied and all rent is paid on time. This is a value-add opportunity with ~39% potential upside in gross rents.
Last Agent to Sell the Property
Marcus & Millichap License #01887505 Listed on: 09/14/2021
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1954
Lot Details
- 5,870 Sq Ft Lot
- Lot Dimensions are 40x187
- Gated Home
Interior Spaces
- 4,472 Sq Ft Home
- 2-Story Property
- City Views
- Window Bars
- Stacked Washer and Dryer Hookup
Bedrooms and Bathrooms
- 8 Bedrooms
- 8 Bathrooms
Parking
- 8 Parking Spaces
- Driveway
Utilities
- Central Water Heater
Community Details
- 8 Units
Listing and Financial Details
- Assessor Parcel Number 5135-032-003
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 14, 2021
Closed on
Dec 7, 2021
Sold by
Bought by
Seller's Agent
Sevak Keshishian
Marcus & Millichap
Buyer's Agent
Alan Wachman
Miller & Desatnik Realty Co.
List Price
$1,990,000
Sold Price
$1,585,000
Premium/Discount to List
-$405,000
-20.35%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$945,000
Interest Rate
3.45%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 13, 2010
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Pico-Union, CA
-
Linda Ojeda
-
Melissa Barlow
Melissa Barlow
Responds QuicklyElite Representation Real Estate
(424) 704-9071
43 Total Sales
1 in Pico-Union
$620,000 Price
-
Walter Castillo
Walter Castillo
Coldwell Banker Realty
(213) 513-6176
18 Total Sales
1 in Pico-Union
$660,000 Price
-
Colt Maloney
Colt Maloney
Figure 8 Realty
(213) 513-7683
62 Total Sales
1 in Pico-Union
$895,000 Price
-
Cindy Ambuehl
Cindy Ambuehl
Responds QuicklyChristie's International Real Estate SoCal
(747) 294-3863
115 Total Sales
1 in Pico-Union
$1,025,000 Price
-
Lori Alvarez
Lori Alvarez
REAL ESTATE RESOLVED
(909) 317-3786
190 Total Sales
1 in Pico-Union
$885,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,575,000 | Ticor Title | ||
| -- | Accommodation |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $945,000 | ||
| Previous Owner | $300,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/04/2022 02/04/22 | Sold | $1,585,000 | -6.7% | $354 / Sq Ft |
| 12/02/2021 12/02/21 | Pending | -- | -- | -- |
| 11/04/2021 11/04/21 | Price Changed | $1,699,000 | -14.6% | $380 / Sq Ft |
| 09/14/2021 09/14/21 | For Sale | $1,990,000 | -- | $445 / Sq Ft |
Source: The MLS
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $20,911 | $1,671,402 | $955,087 | $716,315 |
| 2024 | $20,689 | $1,638,630 | $936,360 | $702,270 |
| 2023 | $20,302 | $1,606,500 | $918,000 | $688,500 |
| 2022 | $6,380 | $459,011 | $123,536 | $335,475 |
| 2021 | $6,282 | $450,012 | $121,114 | $328,898 |
| 2019 | $6,117 | $436,667 | $117,523 | $319,144 |
| 2018 | $5,995 | $428,106 | $115,219 | $312,887 |
| 2016 | $5,667 | $411,484 | $110,746 | $300,738 |
| 2015 | $5,594 | $405,304 | $109,083 | $296,221 |
| 2014 | $5,666 | $397,366 | $106,947 | $290,419 |
Source: Public Records
Agents Affiliated with this Home
-
Sevak Keshishian
Seller's Agent in 2022
Sevak Keshishian
Marcus & Millichap
(818) 394-0772
1 in this area
53 Total Sales
-
Alan Wachman
Buyer's Agent in 2022
Alan Wachman
Miller & Desatnik Realty Co.
(310) 202-9166
1 in this area
9 Total Sales
Map
Source: The MLS
MLS Number: 21-783638
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© 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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