1703 TOBERMAN STREET, LOS ANGELES CA 90015
- 2,730 sq.ft.
- 3,509 sq.ft. lot
Property Description
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 7.61% Cap Rate and is being offered at a 8.68 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 Courtesy of Cameron Samimi, Lyon Stahl Investment Real Estate, Inc.
Exterior Features
Use of this site means you agree to the Terms of Use
Based on information from California Regional Multiple Listing Service, Inc. as of July 2, 2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
