$1,585,000
$1,699,000
6.7%For more information regarding the value of a property, please contact us for a free consultation.
4,472 SqFt
SOLD DATE : 02/04/2022
Key Details
Sold Price $1,585,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,472 sqft
Price per Sqft $354
MLS Listing ID 21783638
Sold Date 02/04/22
HOA Y/N No
Year Built 1954
Lot Size 5,871 Sqft
Acres 0.1348
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.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Zoning LARD1.5
Rooms
Ensuite Laundry Stacked
Interior
Laundry Location Stacked
Fireplace No
Laundry Stacked
Exterior
Garage Driveway
Community Features Gated
View Y/N Yes
View CityLights
Parking Type Driveway
Total Parking Spaces 8
Building
Story 2
New Construction No
Others
Senior Community No
Tax ID 5135032003
Security Features GatedCommunity,WindowBars
Special Listing Condition Standard
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Bought with Alan Wachman • Miller & Desatnik Realty Co.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "