1703 Toberman St Los Angeles, CA 90015
Pico-Union NeighborhoodEstimated payment $7,069/month
Total Views
908
3
Beds
6
Baths
2,730
Sq Ft
$421
Price per Sq Ft
About This Home
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 7.97% Cap Rate and is being
offered at a 8.81 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 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.
Listing Agent
Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 310-259-7556 License #02035763 Listed on: 06/24/2025
Co-Listing Agent
Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 310-259-7556 License #01315042
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,462
Year Built
- Built in 1899
Lot Details
- 3,509 Sq Ft Lot
- Two or More Common Walls
- Density is up to 1 Unit/Acre
Home Design
- Apartment
Interior Spaces
- 2,730 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 3 Bedrooms
- 6 Bathrooms
Location
- Urban Location
Listing and Financial Details
- Legal Lot and Block D / 6
- Tax Tract Number 1234
- Assessor Parcel Number 5135025017
- $362 per year additional tax assessments
Community Details
Overview
- 5 Units
Building Details
- Rent Control
- Operating Expense $40,881
- Gross Income $128,447
- Net Operating Income $87,566
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| 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 |
|---|---|---|---|---|
| 2024 | $8,462 | $675,463 | $433,301 | $242,162 |
| 2023 | $8,305 | $662,219 | $424,805 | $237,414 |
| 2022 | $7,927 | $649,235 | $416,476 | $232,759 |
| 2021 | $7,191 | $583,300 | $408,310 | $174,990 |
| 2019 | $6,979 | $566,000 | $396,200 | $169,800 |
| 2018 | $880 | $57,814 | $27,178 | $30,636 |
| 2016 | $810 | $55,572 | $26,124 | $29,448 |
| 2015 | $800 | $54,738 | $25,732 | $29,006 |
| 2014 | $812 | $53,666 | $25,228 | $28,438 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/24/2025 06/24/25 | For Sale | $1,150,000 | +103.2% | $421 / Sq Ft |
| 11/16/2018 11/16/18 | Sold | $566,000 | -21.9% | $207 / Sq Ft |
| 06/25/2018 06/25/18 | Price Changed | $725,000 | -3.3% | $266 / Sq Ft |
| 01/05/2018 01/05/18 | Price Changed | $750,000 | -6.3% | $275 / Sq Ft |
| 12/07/2017 12/07/17 | For Sale | $800,000 | -- | $293 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | Fidelity National Title Co | |
| Grant Deed | -- | Old Republic Title Company | |
| Grant Deed | -- | Accommodation | |
| Grant Deed | $566,000 | Wfg National Title Company |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $925,000 | New Conventional | |
| Closed | $865,000 | Construction | |
| Closed | $800,000 | Commercial | |
| Previous Owner | $547,500 | New Conventional | |
| Previous Owner | $452,800 | New Conventional |
Source: Public Records
Similar Homes in the area
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB25142098
APN: 5135-025-017
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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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