1703 Toberman St, Los Angeles is a completely
remodeled 5 unit building with a 7.44% IN PLACE CAP
Rate and 9.07 GRM. You will not find a better deal in
LA! This is the ideal opportunity for any buyer looking
for a low-maintenance, positive leverage asset with
high in place cash flow.
The subject property is comprised of (1) 2-Bed/2-Bath
(1) 1-Bed/1-Bath and (3) Studio/1-Bath units (Brand
new C of O shows 5 legal units issued May of 2022). All
units have been extensively renovated, including
floors, cabinets, bathrooms and all major systems.
Internet, phone and TV are provided to the tenants for
free.
1703 Toberman St is conveniently located just minutes
from Downtown Los Angeles, with easy access to the
10 and 110 freeways. There are many shops and
restaurants nearby, making it a prime location for
renters.