PRICE IMPROVEMENT — now $1,100,000, reduced $50,000. Toberman House is a turn-key renovated 1899 Victorian boutique asset steps from South Park and Downtown Los Angeles in 90015, offered at an 8.08% in-place cap rate on $88,833 of net operating income.
RENOVATED 1899 VICTORIAN: A distinctive corner Victorian fully renovated in 2022 — new kitchens, baths, wood-look flooring and ductless mini-split A/C throughout, with in-unit laundry hookups and on-site parking. Landmark curb appeal with modern, low-maintenance interiors. Five legal units operated as six income keys.
CONTRACTED LEASE-UP + MARK-TO-MARKET: A contracted one-bedroom plus parking and below-market studios drive further income growth.
EFFICIENT MICRO-UNIT MODEL: A diversified, fully renovated rent roll of four studios, a one-bedroom and a two-bedroom; housing-assisted studios add income stability.
DOWNTOWN-ADJACENT 90015: Blocks from South Park, LA Live and the Downtown Los Angeles core, one of the city's densest and most transit-connected submarkets.
Offered individually or as part of a 7-asset Central-LA portfolio. Full OM, proforma, T-12 and rent roll available. Full co-broke offered.