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… Read More 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 in-place 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. Read Less
Property listed by Lyon Stahl Investment Real Estate, Inc., William James 310-259-7556
Listing Snapshot
Days Online
17
Last Updated
Beds
12
Square Ft.
4,525
Lot Size
0.21 Acres
Year Built
1924
MLS Number
26667611
Additional Details
Appliances & Equipment
Refrigerator
Building
Built in 1924, Living area: 4525.0, 4 buildings, Building faces East, 2 stories, Levels: MultiSplit, Entry location: Ground Level w/steps, Construction Materials: Stucco, WoodSiding
Community
Gated
Cooling
WallWindowUnits
Exterior Features
Patio/Porch Features: FrontPorch
Fireplaces
None
Heating
WallFurnace
Income
Gross Income: $137,760, Net Operating Income: $77,127
Based on information from California Regional Multiple Listing Service, Inc. as of 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.
Confirm your time
Fill in your details and we will contact you to confirm a time.
Michael Harby
or message me directly
Find My Dream Home
Put an experts eye on your home search! You’ll receive personalized matches of results delivered direct to you.
Import This Listing
Import Completed
To view your listing, click one of the options below.
