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1406 Toberman St, Los Angeles, CA 90015
$1,585,000
1406 Toberman St, Los Angeles, CA 90015View this property at 1406 Toberman St, Los Angeles, CA 90015
1406 Toberman StLos AngelesCA90015
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Property Description
We are pleased to present the opportunity to acquire an 8-unit apartment building in the Pico-Union neighborhood of Los Angeles, California. Built in 1954, 1406 Toberman Street sits on a 5,870 square foot lot with 4,472 square feet of rentable space and is comprised of one (1) Single unit, six (6) 1 Bedroom/1 Bathroom units, & one (1) 2 Bedroom/1 Bathroom unit. The property features on-site parking (repaved in 2021), a new roof (installed in 2020), and a laundry room with hookups (currently inactive). The complex is fully occupied and all rent is paid on time. This is a value-add opportunity with ~39% potential upside in gross rents.
Full Property Details
Full Property Details for 1406 Toberman St
General
- Sold For: $1,585,000
- Status: Closed
- Type: Multi-Family
- MLS ID: 21-783638
- Added to Site: 926 day(s) ago
Rooms
Bedrooms
- Total Bedrooms: 8
Additional Information
- Security/Safety: Gated, Window Bars
- Other Features: None
Parking
- Garage Description: Driveway
Location
- Area: Downtown L.A.
- County: Los Angeles
- Driving Directions: North of Venice Boulevard and just East of South Union Ave. The property provides easy access to the 10 and 110 Freeways and is within a mile of Downtown and all of the local employers and attractions including the LA Convention Center, The Staples Center, The Grammy Museum LA Live, the Microsoft Theater, Loyola Law School, and more.
Heating & Cooling
- Cooling Type: Other
- Heating Type: Other
Structural Information
- # Buildings: 1
- Common Walls: Attached
- Stories/Levels: 2
- Square Feet: 4,472
- Sq. Ft. Source: Vendor Enhanced
- Year Built: 1954
- Year Built Source: Vendor Enhanced
Unit Information
- Units in Complex: 8
- Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113
Unit 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Total Bathrooms: 1
- Bedrooms: 1
Unit 3
- Total Bathrooms: 1
- Bedrooms: 2
Unit 4
- Total Bathrooms: 1
Unit 5
- Total Bathrooms: 1
- Bedrooms: 1
Unit 6
- Total Bathrooms: 1
- Bedrooms: 1
Unit 7
- Total Bathrooms: 1
- Bedrooms: 1
Unit 8
- Total Bathrooms: 1
- Bedrooms: 1
Additional Structures
- Other Structures: None
Lot Features
- Property View: City
- Lot Size (Acres): 0.1348
- Lot Size: 5870
- Lot Size Source: Vendor Enhanced
- Lot Dimensions: 40 x 187
- Zoning: LARD1.5
- Lot Description: 5 + Lots
Financial Considerations
- Price Per Sq. Ft.: $379.92
- Assessment Year: 1954
Disclosures and Reports
- Disclosures/Reports: As Is
- APN: 5135-032-003
Listed by Marcus & Millichap, Sevak Keshishian
Sold by Miller & Desatnik Realty Co., Alan Wachman
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Schools
Schools serving 1406 Toberman St
School District:Los Angeles Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
1626 Orchard Ave, Los Angeles, CA 90006 | K-5 | 0.6 mi | |
650 S Union Ave, Los Angeles, CA 90017 | 6-8 | 1 mi | |
1575 W 2nd St, Los Angeles, CA 90026 | 9-12 | 1.6 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1406 Toberman St
Date
Details
Price
Change
Source
2/04/2022
Sold
$1,585,000
-6.71%
MLS
11/04/2021
Price Reduced
$1,699,000
-14.62%
MLS
9/14/2021
Listed
$1,990,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1406 Toberman St, Los Angeles, CA 90015 (MLS# 21-783638) is a Multi-Family property that was sold at $1,585,000 on February 04, 2022. Want to learn more about 1406 Toberman St? Do you have questions about finding other Multi-Family real estate for sale in Downtown L.A.? You can browse all Downtown L.A. real estate or contact a Coldwell Banker agent to request more information.