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1703 Toberman Street — Los Angeles | Belmont Brokerage

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$1,150,000

3,509 sqft lot|1899 Built|0 DOM

1703 Toberman St, Los Angeles, CA 90015

Property Description

Toberman House - a beautifully restored 1899 Historic Victorian in the South Park / Pico-Union area, blocks from Downtown LA, LA Live and Metro. Offered at $1,150,000. Five legal units (studios, a one-bedroom and a two-bedroom) plus an on-site parking space, fully renovated in 2022 with mini-split A/C and in-unit laundry hookups. Priced at a 5.40% in-place cap rising to a 5.65% pro forma, with contracted lease-up and mark-to-market on housing-assisted units for stable, government-supported cash flow. Buyer to verify all figures, unit legality and square footage.

Listing provided by: Logan AltmanDRE #01965826310-903-0222 logan@altmanapartments.com, Altman Apartments LLC

MLS #: SR26162861