1715 Toberman St, Los Angeles, CA 90015
1715 Toberman St, Los Angeles, CA 90015
1715 Toberman St, Los Angeles, CA 90015
19
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$1,200,000
Est. payment /mo
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12 Beds
6 Baths
4,525 SqFt
Price Dropped by $88K

1715 Toberman St Los Angeles, CA 90015

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Ben Collinsworth

Ben Collinsworth

+1(702) 553-6827

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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,525 sqft

Price per Sqft $265

MLS Listing ID 26667611

Style Craftsman

Bedrooms 12

Year Built 1924

Lot Size 9,344 Sqft

Acres 0.2146

Property Sub-Type Multi-Family

Property Description

1711-1715 Toberman Street is a rare value-add multifamily opportunity consisting of 12 units across two adjacent LARD1.5-zoned parcels totaling 9,344 square feet in South Los Angeles. The property is improved with four separate buildings and includes a diverse mix of SRO and single units, plus a rear studio ADU that is approximately 45% complete. Located in a strong Downtown Los Angeles-adjacent rental corridor, the asset offers investors immediate upside through management and rent optimization, with current rents estimated to be roughly 30% below market. Major systems have been updated, reducing near-term capital needs, while the adjacent lot configuration and favorable zoning provide future flexibility for additional improvements or future development. Toberman offers a compelling combination of in-place cash flow, rental upside, ADU income potential, and long-term land value in a centrally located Los Angeles submarket. The large side-by-side lots create a strategic advantage rarely found at this price point. An investor can benefit from both near-term income growth and longer-term expansion potential. The location near employment, entertainment, transit, and civic hubs further supports tenant demand and long-term appreciation.

Location

State CA

County Los Angeles

Area Downtown L.A.

Zoning LARD1.5

Rooms

Other Rooms Accessory Bldgs

Dining Room 0

Interior

Heating Wall

Cooling Wall/Window

Fireplaces Type None

Equipment Refrigerator, Range/Oven

Laundry None

Exterior

Parking Features Offsite

Pool None

Waterfront Description None

View Y/N Yes

View City

Building

Lot Description 2-4 Lots, Lot-Level/Flat

Story 2

Sewer In Street

Water Public

Architectural Style Craftsman

Level or Stories Multi/Split

Structure Type Stucco, Wood Siding

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Lyon Stahl Investment Real Estate, Inc.

NEARBY SCHOOL & BUSINESS

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Ben Collinsworth

Ben Collinsworth

Agent | RE.S.0180589

+1(702) 553-6827

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1715 Toberman St

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