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$ 1,150,000
Est. payment | /mo
1 Bath
3,509 Sqft Lot
$ 1,150,000
Est. payment | /mo
1 Bath
3,509 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR26162861
Lot Size 3,509 Sqft
Property Sub-Type Res Income 2-4 Units
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.
Location
State CA
County Los Angeles
Zoning Assessor
Direction In the South Park / Pico-Union area just southwest of DTLA. From the 110 Freeway, exit 9th Street/Olympic and head to 1703 Tober
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 5135025017
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Logan Altman, DRE#01965826 Altman Apartments LLC
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