2208 Toberman Street, Los Angeles, California 90007, Los Angeles, 90007 - 0 bed, 0 bath
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Los Angeles, California 90007
This 1902-built High-Potential Investment Opportunity is listed at $1,450,000, which is positioned above the $1,243,678 Fair Market Value. While the property requires capital improvements due to its Condition Rating of 4, it offers significant upside through its ADU potential and prime location near USC. The 4-unit Quadruplex configuration provides a stable foundation for rental income in a high-demand student housing market. This asset is best suited for Buy-and-Hold Investors or Value-Add Developers capable of navigating RSO constraints to maximize long-term yield.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2208 Toberman Street Subject | $1,290,000* List Price | 0 | 0 | 3,324 | $364 | - |
A 2104 Park Grove Active | $1,350,000 List Price | 0 | 0 | 4,052 | $333 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Originally built in 1902, the property is functional but significantly dated. The kitchen features older linoleum flooring, laminate counters, and painted cabinetry likely exceeding 20 years in age. The presence of window AC units suggests a lack of modern central HVAC systems, and while the listing describes it as 'well kept,' the interior finishes and age of the structure indicate a need for minor repairs and aesthetic updates.
Situated blocks from USC and within the USC DPS patrol zone, this property is ideally positioned for high-demand student housing and consistent occupancy.
The property offers potential for Accessory Dwelling Unit (ADU) development on its 5,380 sqft lot, providing a clear path for investors to increase density and maximize rental yield.
Each of the four units includes a bonus room in addition to the primary bedroom, offering extra living space that enhances tenant appeal and rental value.
Originally built in 1902, the structure may require substantial capital expenditures for modernizing aging systems such as plumbing, electrical, and foundation.
As a multi-unit property in Los Angeles built before 1978, it is likely subject to Rent Stabilization Ordinance (RSO), which limits the ability to quickly adjust rents to market rates.
Located blocks away from USC. Motivated seller offering an exceptional investment opportunity with this well kept 4-unit building. The property falls within the USC Department of Public Safety University Park Campus Patrol Area, per the published USC DPS patrol map. Buyer to verify patrol boundaries and services directly with USC DPS. Each unit has 1 bedroom, 1 full bathroom, a large main living area, ample kitchen, and a bonus room. This property places residents near USC, University Village, Mount Saint Mary's University, LA Live, BMO Stadium, shopping centers and less than 15 miles from LA area beaches. Potential for high rental value in a very popular area for investors. Water supply lines have been updated to copper. Property may offer ADU potential. Buyer to verify all requirements, feasibility, and approvals. DO NOT DISTURB THE TENANTS. Disclaimer: All information has been secured from sources we believe to be reliable. However, we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer and buyer’s representative must verify the information above and bear all risk for any inaccuracies.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.8 mi
Grades K-5 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 5.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 3,324 | 2,250 |
| Lot Size | 5,380 | 5,864 |
| Price | $1.29M | $826.7K |
| Price per sq ft | $388 | $395 |
| Built year | 1902 | 1925 |
| HOA | $0 | $0 |
| Days on market | 40 | 83 |
Jun 27, 2026
$1,290,000
$1,450,000
-11% Price Drop
Initial Listing
Jun 12, 2026
$1,450,000
Initial Listing