2200 Toberman Street
Los Angeles, CA 90007
- – beds
- – baths
- – sqft
- 5,481 sqft lot
- 1909 build
- – on site
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Toberman Apartments is a 12 unit complex in Los Angeles close to USC, 110 and 10 freeways as well as major employers in Downtown Los Angeles. The building was built in 1909 and is a two story walk-up with a secured entry and center hallway. The neighborhood is comprised of primarily single family residences built in the early 1900’s. There is an opportunity to convert the property to student housing and rent to USC students as the university less than 1 mile away. The building is master metered for gas and electric so the rents reflect the additional cost paid by the landlord in the operating expenses. When the City of Los Angeles RSO ( Rent Stabilization Board) resumes annual rent increases, the RSO also allows an additional 1% increase in monthly rent for gas utilities paid by a landlord, and an additional 1% increase in monthly rent for electric utilities paid by a landlord. There is a laundry room on site with an ongoing contract operated by WASH. The parking is on street only. This investment opportunity is attractively priced at 11.29 times gross and $191,667 per unit with future upside in rental income. The projected first year NOI is $126,043 after allowing for a $6,094 (3%) vacancy factor.
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Last updated Apr 11, 2023
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MLS# SB22069017 —
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
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View a full reportThis is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
3/24/23
Mar 24, 2023
|
Sold | CRMLS_CA | $2,000,000 | -13.0% |
|
1/18/23
Jan 18, 2023
|
Pending | CRMLS_CA | $2,300,000 | |
|
8/19/22
Aug 19, 2022
|
Price Changed | CRMLS_CA | $2,300,000 | -14.8% |