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Alex Gingrich

alex@alexgingrich.com +1(818) 919-0159

$ 1,100,000

Est. payment -/mo

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Price Dropped by $100K

1715 Toberman ST Los Angeles, CA 90015

12 Beds

6 Baths

4,525 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 4,525 sqft

Price per Sqft $243

MLS Listing ID 26667611

Bedrooms 12

HOA Y/N No

Year Built 1924

Lot Size 9,343 Sqft

Lot Dimensions Assessor

Property Description

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 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.

Location

State CA

County Los Angeles

Area C42 - Downtown L.A.

Zoning LARD1.5

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplaces Type None

Fireplace No

Appliance Refrigerator

Laundry None

Exterior

Parking Features Off Site

Pool None

Community Features Gated

View Y/N Yes

View City Lights

Porch Front Porch

Private Pool No

Building

Faces East

Story 2

Entry Level Multi/Split

Sewer Other

Architectural Style Craftsman

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 5135025014

Security Features Carbon Monoxide Detector(s),Gated Community,Smoke Detector(s),Window Bars

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by William James Lyon Stahl Investment Real Estate, Inc. #01734419

NEARBY SCHOOLS & PROPERTIES

Alex Gingrich

Salesperson | License ID: 01797428

+1(818) 919-0159

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