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1406 Toberman St, Los Angeles, CA 90015
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1406 Toberman St Los Angeles, CA 90015

$1,585,000 Sold Price as of 02/04/2022
  • 8 Beds
  • 8 Baths
  • 4,472 Sq.Ft.
Sold
$1,585,000 Sold Price as of 02/04/2022 Refinance Your Mortgage
Map preview of 1406 Toberman St, Los Angeles, CA 90015

Property Overview: 1406 Toberman St Los Angeles, CA has 8 bedrooms, 8 bathrooms, 4,472 living square feet and 5,870 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 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.

Listed by Sevak Keshishian | BRE #01887505 | Marcus & Millichap
Last checked: 4 seconds ago | Last updated: April 7th, 2022 | Source CRMLS | DOM: 79

Home details

Lot Sq. Ft
5,870
HOA Dues
$0/mo
Year built
1954
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21783638
City
Los Angeles
County
Los Angeles
Time on Site
962 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $997
  • Total Rent: $997
  • Pro Forma/Market Rent: $1,650
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,276
  • Total Rent: $1,276
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $726
  • Total Rent: $726
  • Pro Forma/Market Rent: $1,200
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,261
  • Total Rent: $1,261
  • Pro Forma/Market Rent: $1,650
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,190
  • Total Rent: $1,190
  • Pro Forma/Market Rent: $1,650
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $679
  • Total Rent: $679
  • Pro Forma/Market Rent: $1,650
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,345
  • Total Rent: $1,345
  • Pro Forma/Market Rent: $1,650
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $665
  • Total Rent: $665
  • Pro Forma/Market Rent: $1,650
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 17.4
  • Gross Scheduled Income: --
  • Net Operating Income: $54,218
  • Gross Operating Income: $95,183
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1406 Toberman St

Interior Features
Laundry Information
  • Has Laundry
  • Stackable
Interior Features
  • Security Features: Gated Community, Window Bars
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Driveway
Property Information
  • Has View
  • View: City Lights
  • Total # of Units: 8
  • Parcel Number: 5135032003
Location / Neighborhood
Location Information
  • Directions: North of Venice Boulevard and just East of South Union Ave. The property provides easy access to the 10 and 110 Freeways and is within a mile of Downtown and all of the local employers and attractions including the LA Convention Center, The Staples Center, The Grammy Museum LA Live, the Microsoft Theater, Loyola Law School, and more.
View more facts & features

Local Los Angeles Agent

Sale History for 1406 Toberman St

Last sold for $1,585,000 on February 4th, 2022

  • September, 2021

  • Sep 14, 2021

    Date

    Active

    CRMLS: 21783638

    $1,990,000

    Price

  • July, 2010

  • Jul 23, 2010

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 1406 Toberman St

Assessed Value (2020): $445,399
Year Land Value Improved Value Assessed Value
2020 $119,873 $325,526 $445,399

Home Value Compared to the Market

This property vs the competition

1406 Toberman St sold on February 4, 2022 for 42.77% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $379.92 per/sqft which puts the price per square foot 49.68% lower than the current median sale per square foot for the city of Los Angeles.

About 1406 Toberman St

Detailed summary of property

1406 Toberman St is a multi family that recently sold in Los Angeles, CA 90015. This multi family property offered 8 bedrooms, 8 bathrooms, roughly 4,472 living square feet, and sits on an approximately 5,870 square foot lot. 1406 Toberman St was first listed on ArdentRealEstateGroup.com on September 15, 2021. The homeowner sold the property for $1,585,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 42.77% higher than the current median priced home. Local homes that are currently for sale include 1136 Arapahoe St, 2005 Magnolia Ave and 1400 S Westmoreland Ave. While the average home in Los Angeles, CA is selling in 96 days, 1406 Toberman St has a days on market of 79 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 1406 Toberman St Los Angeles, CA 90015 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1406 Toberman St

Public county record property details
Beds
9
Baths
8
Year built
1954
Sq. Ft.
4,472
Lot Size
5,870
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
14
APN
5135-032-003

The source for these homes facts are from public records.

90015 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$869,000
Median List Price/Sq.Ft.
$732
Median Sold Price
$625,000
Median Sold Price/Sq.Ft.
$608
Total Inventory
77
Median Sale to List Price %
100%
Avg Days on Market
35
Loan Type
Conventional (9.09%), FHA (0%), VA (0%), Cash (27.27%), Other (18.18%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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