1336 Toberman St
Los Angeles, CA 90015

Bd   — Ba   8,433 Sqft
The exclusive listing agent, is pleased to present a unique street to street 12-unit (one nonconforming) portfolio located at 1336 Toberman Street and 1335 Valencia Street. Investors the opportunity to acquire a property with a tremendous amount of rental upside, and the potential for future development. Just walking distance from the Staples Center, LA Live, 1200 Figueroa, Fig Central, and the world famous billion dollar project; The Metropolis, an investor can couple upside, future development potential, and a solid location packaged in one property. Consisting of six two-bedroom/one-bathroom, four one bedroom/ one bathroom, and two studios with one bathroom, this property features a superior mix of units. The rise in rental rates is directly attributed to the influx of the young professional population flocking to the newly developed infrastructure of Downtown Los Angeles. As a result, an investor can acquire a property with heavy upside in a rapidly appreciating marketplace.
  • Neighborhood: Pico Union
  • Days on Movoto: 240
  • Year Built: 1923
  • HOA: $0 HOA
  • $/Sqft: $196
  • Lot: 13,753 Sqft
  • Property Type: Multi Family
  • MLS#: 16130628
  • MLS:
  • Listing Office: Marcus & Millichap
  • Listed By: Joshua Ross
  • Movoto last checked CRMLS for new data 18 hours ago
  • CRMLS last updated this listing 4 months ago
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Property History

Status
Date
Price
Sold
Jan 11, 2017
$1,650,000
Active Under Contract
Oct 10, 2016
Listed
May 16, 2016
$1,679,000
#16130628
Sold
May 2, 2016
$1,200,000
Listed
Aug 10, 2015
$1,700,000
#DW15176258
1336 Toberman St is a multi family home located in 90015 in Los Angeles, CA. It was last listed for $1,650,000, which is 84% above the current market median of $899,000 in 90015 and 67% above the market median of $989,950 in Los Angeles. 1336 Toberman St is approximately 8,433 Sqft, which is 392% above the median size in Los Angeles of 1,713 square feet and 564% above the median size in 90015 of 1,270 square feet. This property's price per square foot was $196, which is 74% below the current median in 90015 of $741 and 68% below the Los Angeles median of $615. As of today, , there are 67 properties listed for sale in ZIP code 90015 and 2,014 properties listed for sale in the city of Los Angeles. Of those 2,014 properties, there are 1,415 single family houses and 599 condos.
Built in 1923, this multi family house at 1336 Toberman St, Los Angeles CA, 90015 is approximately 8,433 square feet and comes with 15 parking spots. It was last listed with a cost per Sqft of $196. 1336 Toberman St is located in the Pico Union neighborhood in the Los Angeles Unified School District. The closest school is Magnolia Avenue Elementary School.

1336 Toberman St, Los Angeles CA, 90015 was on the market for 240 days. The median days on the market for properties in this area is 36 with a median list price of $989,950 and median cost per square foot of $615. Its current status is sold under the MLS #16130628.

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