Unlock the full potential of your investment with this exceptional property—two homes on one lot in the vibrant heart of Los Angeles! Officially registered as a 2 ON A LOT (2 units), this versatile multi-unit property currently operates as a 6-unit income-generating asset, offering unmatched flexibility for both investors and entrepreneurs. The layout includes a front and back home, thoughtfully designed for a variety of living arrangements. Cozy studio units with kitchenettes provide charm and functionality, while the rear unit boasts a full bedroom, kitchen, dining area, and bathroom. With rents currently below market value, this property presents significant growth potential through rent adjustments under local ordinances. Situated in a prime LA location, this property is just moments from top landmarks like USC, Downtown LA, the Convention Center, Crypto Arena, LA Live, Koreatown, and the LA Memorial Coliseum. Its proximity to major freeways ensures added convenience for tenants and visitors alike. Whether you’re envisioning a group home, student housing, rehabilitation facility, or another residential use (buyer to verify zoning and permitted uses), this property’s versatility opens the door to endless possibilities. Connect with your lender today to explore financing options and seize this rare opportunity to maximize your investment returns!
Property Details
Price:
$888,000
MLS #:
CV25076902
Status:
Active
Baths:
0
Address:
1715 Toberman Street
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
c42downtownla
City:
Los Angeles
Listed Date:
Apr 2, 2025
State:
CA
ZIP:
90015
Lot Size:
4,672 sqft / 0.11 acres (approx)
Year Built:
1900
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Schools
Interior
Heating
Natural Gas, Wall Furnace
Exterior
Community Features
Sidewalks, Street Lights, Suburban
Garage Spaces
0.00
Lot Features
0-1 Unit/ Acre
Parking Spots
0.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Water Source
Public
Financial
Map
Community
- Address1715 Toberman Street Los Angeles CA
- AreaC42 – Downtown L.A.
- CityLos Angeles
- CountyLos Angeles
- Zip Code90015
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1715 Toberman Street
Los Angeles, CA
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