4 months on rocket

1703 Toberman St, Los Angeles, CA, 90015

$1,275,000

Home List Price

$10,000*

Closing Credit

0 Baths
Condo
Schools Nearby

Location

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1703 Toberman St, Los Angeles$1,275,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
Year Built1899
MLS #SB23221246
Lot Size0.08 Acres
StatusActive

About 1703 Toberman St

1703 Toberman St, Los Angeles is a completely remodeled 5 unit building with a 7.85% IN PLACE CAP Rate and 8.38 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.

Property Details

Property Features

Property Information:

  • Year Built: 1899
  • Stories: 2

Listing Office:

  • Office Name: Lyon Stahl Investment Real Estate, Inc.
  • Office Phone: (310) 259-7556
  • Listing Agent: Cameron Samimi

Exterior Features

Exterior Information:

  • Private Pool: No

Lot Features

Lot Information:

  • Lot Size: 0.08 Acres

School Info

Assigned Schools Information:

  • West Adams Preparatory High School, Public District Grades 9-12
  • Math, Science, & Technology Magnet Academy at Roosevelt High School, Public Magnet Grades 9-12
  • Daniel Pearl Journalism & Communications Magnet, Public Magnet Grades 9-12
  • John Adams Middle School, Public Magnet Grades 6-8
  • Studio, Public District Grades 6-8
  • Norwood Street Elementary School, Public District Grades KG-5
  • Melrose Avenue Elementary School, Public Magnet Grades KG-6
  • Point Fermin Elementary School, Public Magnet Grades KG-5

Other

Directions Information:

  • Directions: Off of Union and Venice

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,275,000

Tax Information:

  • Annual Amount: $7,191
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$986.4K

Med. Price/SqFt

$631

Avg. Days On Market

34

# of Sold Homes

1534

1703 Toberman St vs Los Angeles

146 DAYS ON ROCKET

+112 Days

$1,275,000

+$288.5K More

KEY TAKEAWAY

This property is $288.5K more than the Median Sold Price in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #SB23221246

Listing Office:

  • Office Name: Lyon Stahl Investment Real Estate, Inc.
  • Office Phone: (310) 259-7556
  • Listing Agent: Cameron Samimi

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/2/2024, 6:25:19 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Nov 08, 2018Home Sold
$566,000

Tax History

YEARPROP. TAXASSESSMENT
2021$7,191$583,300
2020$6,979$577,320
2019$879$566,000
2018$865$57,814
2017$865$56,682

History based on county public records data.

Payment Calculator

$6,431

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,889

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-4594540
4
/10

  • Norwood Street Elementary School

  • 2020 Oak St

  • 0.32 miles

  • Public District Grades KG-5

school-card-donut-4594541
8
/10

  • Melrose Avenue Elementary School

  • 731 N Detroit St

  • 4.92 miles

  • Public Magnet Grades KG-6

school-card-donut-4594542
6
/10

  • Point Fermin Elementary School

  • 3333 S Kerckhoff Ave

  • 22.51 miles

  • Public Magnet Grades KG-5

Middle School

school-card-donut-4594543
6
/10

  • John Adams Middle School

  • 151 W 30th St

  • 1.26 miles

  • Public Magnet Grades 6-8

school-card-donut-4594544
4
/10

  • Studio

  • 2211 W Avenue 30

  • 5.08 miles

  • Public District Grades 6-8

High School

school-card-donut-4594545
2
/10

  • West Adams Preparatory High School

  • 1500 W Washington Blvd

  • 0.64 miles

  • Public District Grades 9-12

school-card-donut-4594546
8
/10

  • Math, Science, & Technology Magnet Academy at Roosevelt High School

  • 456 S Mathews St

  • 3.81 miles

  • Public Magnet Grades 9-12

school-card-donut-4594547
8
/10

  • Daniel Pearl Journalism & Communications Magnet

  • 6649 Balboa Blvd

  • 16.53 miles

  • Public Magnet Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $37,353. Typical income of Los Angeles, CA residents is between $35k-100k annually. The majority of families are single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1703 Toberman St

What is the listing price of this property?

The listing price of 1703 Toberman St property is $1,275,000.

What type of property is this?

The property 1703 Toberman St is a condo located in Los Angeles, California, 90015.

Is this property for sale now?

Active Listing: 1703 Toberman St is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 1703 Toberman St are:
Norwood Street Elementary School: GreatSchools Rating 4/10
Melrose Avenue Elementary School: GreatSchools Rating 8/10
Point Fermin Elementary School: GreatSchools Rating 6/10
John Adams Middle School: GreatSchools Rating 6/10
Studio: GreatSchools Rating 4/10
West Adams Preparatory High School: GreatSchools Rating 2/10
Math, Science, & Technology Magnet Academy at Roosevelt High School: GreatSchools Rating 8/10
Daniel Pearl Journalism & Communications Magnet: GreatSchools Rating 8/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $7,191 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on November 8, 2018 for $566,000. (source: MLS/tax record).

Which year was this property built?

The year of construction for 1703 Toberman St is 1899.

Rocket Homes›California›Los Angeles County›Los Angeles›90015›1703 Toberman St

This home is located at 1703 Toberman St in Los Angeles, CA and zip code 90015 in the Central LA neighborhood. This home, which was built in 1899, sits on a 0.08 acre lot. It has been listed on Rocket Homes since December 07, 2023 and is currently priced at $1,275,000.

Los Angeles, CA housing market in April 2024 saw over 701 listings sold above listed price, more than 204 sold at listed price and over 629 sold below. The inventory of homes for sale in Los Angeles, CA between March 2024 and April 2024 increased by 14.9%. While the average time on the market in April 2024 was 34 days, the median list price was $986,427.

From Rocket Homes Real Estate and based on county public records data.

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