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1715 Toberman Street, Los Angeles, California 90015, Los Angeles, 90015 - bed, bath

1715 Toberman Street, Los Angeles, California 90015 home-pic-0
ACTIVE$790,000
1715 Toberman Street, Los Angeles, California 90015
0Bed
0Bath
2,215Sqft
4,672Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
High Income Potential: The property features six existing rental units plus dedicated space for an Accessory Dwelling Unit (ADU), offering significant rental income and cash flow opportunities.
Top Cons:
Advanced Age of Property: Built in 1902, the property is over a century old, suggesting potential for significant deferred maintenance, outdated systems, and higher renovation costs to meet modern standards.

Compared to the nearby listings

Compared against 0 nearby listings

More Insights

Built in 1902 (123 years old).
Condition: Built in 1902, this property is over a century old. The complete absence of interior images, especially of kitchens and bathrooms, strongly suggests these areas are severely outdated and in poor condition, requiring substantial renovation. The listing description also notes an unfinished ADU and the property analysis highlights 'Advanced Age' and 'Required Capital Investment' for upgrades and repairs, indicating significant work is needed throughout the property.
Year Built
1902
Close
-
List price
$790K
Original List price
$790K
Price/Sqft
$357
HOA
-
Days on market
-
Sold On
-
MLS number
CV25248668
Home ConditionPoor
Features
View-

About this home

Prime Investment Opportunity in Los Angeles! Discover the potential of 1715 Toberman Street, a multi-unit property offering six individual rental units plus space for an Accessory Dwelling Unit (ADU) in the rear, giving you the opportunity to finish and customize it to your preferences. With one unit currently vacant, this property is ideal for investors looking to expand their portfolio, generate strong rental income, or explore future development potential. Conveniently situated near Downtown LA, USC, public transportation, and major freeways, this location offers exceptional accessibility and long-term growth potential. Don't miss this rare opportunity to secure a multi-unit property with significant upside in one of Los Angeles's most dynamic and in-demand areas. ***adjacent property also for sale 1711, total 11units. Seller willing to consider package deal*** SUBMIT your offer!

Condition Rating
Poor
Built in 1902, this property is over a century old. The complete absence of interior images, especially of kitchens and bathrooms, strongly suggests these areas are severely outdated and in poor condition, requiring substantial renovation. The listing description also notes an unfinished ADU and the property analysis highlights 'Advanced Age' and 'Required Capital Investment' for upgrades and repairs, indicating significant work is needed throughout the property.
Pros & Cons

Pros

High Income Potential: The property features six existing rental units plus dedicated space for an Accessory Dwelling Unit (ADU), offering significant rental income and cash flow opportunities.
Strategic Location: Conveniently situated near Downtown LA, USC, public transportation, and major freeways, ensuring high tenant demand, exceptional accessibility, and long-term appreciation.
ADU Development Opportunity: The presence of space for an ADU provides an immediate value-add opportunity to increase the property's rental revenue and overall market value upon completion.
Investment & Development Upside: Marketed as a 'Prime Investment Opportunity' with 'significant upside' and 'future development potential,' appealing to growth-oriented investors looking for long-term gains.
Portfolio Expansion Option: The adjacent property (1711 Toberman Street) is also for sale, presenting a rare opportunity to acquire a larger 11-unit portfolio through a package deal.

Cons

Advanced Age of Property: Built in 1902, the property is over a century old, suggesting potential for significant deferred maintenance, outdated systems, and higher renovation costs to meet modern standards.
Required Capital Investment: The ADU space needs to be 'finished and customized,' and the overall age of the property likely necessitates substantial capital expenditure for upgrades, repairs, and modernization.
Potentially Small Unit Sizes: With 2215 sqft for six units plus ADU space, individual units are likely very small, which could impact tenant comfort, appeal to certain demographics, and limit rental income potential per unit.

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