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.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
