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1711-1715 Toberman St
Los Angeles, CA 90015
Multifamily Property For Sale
·
12 Units
Investment Highlights
- ADU Unit mid construction
- Approx 30% upside in rents
- Downtown Los Angeles adjacent location. Less than a mile from Crypto and LA Convention Center
Executive Summary
1711–1715 Toberman Street is a rare value-add multifamily opportunity consisting of 12 units across two adjacent LARD1.5-zoned
parcels totaling 9,344 square feet in South Los Angeles. The property is improved with four separate buildings and includes a diverse mix of SRO and single units, plus a rear studio ADU that is approximately 45% complete.
Located in a strong Downtown Los Angeles-adjacent rental corridor, the asset offers investors immediate upside through management and rent optimization, with current rents estimated to be roughly 30% below market. Major systems have been updated, reducing near-term capital needs, while the adjacent lot configuration and favorable zoning provide future flexibility for additional improvements or future
development. Toberman offers a compelling combination of inplace cash flow, rental upside, ADU income potential, and long term land value in a centrally located Los Angeles submarket.
The large side-by-side lots create a strategic advantage rarely found at this price point. An investor can benefit from both near term income growth and longer-term expansion potential. The location near employment, entertainment, transit, and civic hubs
further supports tenant demand and long-term appreciation
parcels totaling 9,344 square feet in South Los Angeles. The property is improved with four separate buildings and includes a diverse mix of SRO and single units, plus a rear studio ADU that is approximately 45% complete.
Located in a strong Downtown Los Angeles-adjacent rental corridor, the asset offers investors immediate upside through management and rent optimization, with current rents estimated to be roughly 30% below market. Major systems have been updated, reducing near-term capital needs, while the adjacent lot configuration and favorable zoning provide future flexibility for additional improvements or future
development. Toberman offers a compelling combination of inplace cash flow, rental upside, ADU income potential, and long term land value in a centrally located Los Angeles submarket.
The large side-by-side lots create a strategic advantage rarely found at this price point. An investor can benefit from both near term income growth and longer-term expansion potential. The location near employment, entertainment, transit, and civic hubs
further supports tenant demand and long-term appreciation
Property Facts
| Price Per Unit | $107,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 4.70% | Building Size | 4,525 SF |
| Gross Rent Multiplier | 10.75 | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | LARD1.5 - Boarding House, Rooming House, Apt Hotel, Transient Lodgings | ||
| Price Per Unit | $107,333 |
| Sale Type | Investment |
| Cap Rate | 4.70% |
| Gross Rent Multiplier | 10.75 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 4,525 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1900 |
| Opportunity Zone |
Yes |
| Zoning | LARD1.5 - Boarding House, Rooming House, Apt Hotel, Transient Lodgings |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Pantry
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Public Transportation
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 12 | - | - |
Property Taxes
| Parcel Numbers | Improvements Assessment | $195,139 | |
| Land Assessment | $143,353 | Total Assessment | $338,492 |
Property Taxes
Parcel Numbers
Land Assessment
$143,353
Improvements Assessment
$195,139
Total Assessment
$338,492
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