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1703 Toberman St 5 Unit Apartment Building $1,150,000 ($230,000/Unit) 5.40% Cap Rate Los Angeles, CA 90015
Executive Summary
A distinctive corner Victorian (built 1899, fully renovated in 2022) with six income units — four studios, a one-bedroom and a two-bedroom — featuring new kitchens, baths, wood-look flooring and ductless mini-splits throughout. Landmark curb appeal with modern, low-maintenance interiors.
Property Facts
| Price | $1,150,000 | Building Class | C |
| Price Per Unit | $230,000 | Lot Size | 0.08 AC |
| Sale Type | Investment | Building Size | 2,730 SF |
| Cap Rate | 5.40% | Average Occupancy | 95% |
| Gross Rent Multiplier | 8.9 | No. Stories | 2 |
| No. Units | 5 | Year Built | 1899 |
| Property Type | Multifamily | Parking Ratio | 0.73/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Mid-Rise | ||
| Zoning | LARD1.5 - restricted Density Multiple Dwelling | ||
| Price | $1,150,000 |
| Price Per Unit | $230,000 |
| Sale Type | Investment |
| Cap Rate | 5.40% |
| Gross Rent Multiplier | 8.9 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 2,730 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built | 1899 |
| Parking Ratio | 0.73/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | LARD1.5 - restricted Density Multiple Dwelling |
Amenities
Unit Amenities
- Air Conditioning
- Ceiling Fans
- Granite Countertops
- High Speed Internet Access
- Vinyl Flooring
Site Amenities
- Fenced Lot
- Vintage Building
- Community-Wide WiFi
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 3 | - | - |
| 1+1 | 1 | - | - |
| 2+1 | 1 | - | - |
1 1
Very walkable
80/100
Moderately drivable
70/100
Exceptional public transit
90/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 5135-025-017 | Improvements Assessment | $253,084 |
| Land Assessment | $441,967 | Total Assessment | $695,051 |
Property Taxes
Parcel Number
5135-025-017
Land Assessment
$441,967
Improvements Assessment
$253,084
Total Assessment
$695,051
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1703 Toberman St