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1711 Toberman Street, Los Angeles, California 90015, Los Angeles, 90015 - bed, bath

1711 Toberman Street, Los Angeles, California 90015 home-pic-0
ACTIVE$790,000
1711 Toberman Street, Los Angeles, California 90015
0Bed
0Bath
1,860Sqft
4,672Lot
Year Built
1902
Close
-
List price
$790K
Original List price
$790K
Price/Sqft
$425
HOA
-
Days on market
-
Sold On
-
MLS number
CV25248406
Home ConditionPoor
Features
View-

About this home

We found 3 Cons,5 Pros.

Prime Investment Opportunity in Los Angeles! Discover the potential of 1711 Toberman Street, a multi-unit property offering five individual rental units plus an Accessory Dwelling Unit (ADU) in the rear. The ADU is not yet complete, but approved plans are included, giving you the opportunity to finish and customize it to your preferences. With one unit currently vacant, this property is ideal for investors looking to expand their portfolio, generate strong rental income, or explore future development potential. Conveniently situated near Downtown LA, USC, public transportation, and major freeways, this location offers exceptional accessibility and long-term growth potential. Don't miss this rare opportunity to secure a multi-unit property with significant upside in one of Los Angeles's most dynamic and in-demand areas.

Price History

Date
Event
Price
10/31/25
Listing
$790,000
Condition Rating
Poor
Built in 1902, this property is over 120 years old. The exterior images reveal significant age, wear, and deferred maintenance, including a rusty fence and worn paint. Crucially, there are no interior images provided, which for a property of this vintage, strongly suggests that the kitchens, bathrooms, flooring, and all major systems (electrical, plumbing, HVAC) are severely outdated, in poor condition, and require substantial repairs or complete replacement. The listing's emphasis on 'investment opportunity' and 'future development potential,' along with an 'incomplete ADU,' further indicates that the existing structures are not in a move-in ready state and require significant rehabilitation to meet modern standards.
Pros & Cons

Pros

High Income Potential: This multi-unit property offers five existing rental units plus an Accessory Dwelling Unit (ADU), providing substantial current and future rental income streams, making it a prime investment opportunity.
Strategic & Desirable Location: Conveniently situated near Downtown LA, USC, public transportation, and major freeways, ensuring high tenant demand, exceptional accessibility, and strong long-term appreciation prospects in a dynamic area.
Value-Add ADU with Approved Plans: The inclusion of an ADU with approved plans offers a clear and immediate path to increase property value and rental income upon completion, providing significant upside potential.
Immediate Vacancy for Customization/Upgrade: One unit is currently vacant, allowing the new owner to immediately renovate, upgrade, and re-tenant at market rates, or even occupy, without displacing existing tenants.
Long-Term Growth & Development Potential: Located in one of Los Angeles's most in-demand areas, the property offers significant upside for future development, portfolio expansion, and long-term capital growth.

Cons

Advanced Age of Property: Built in 1902, the property is very old, which likely implies a need for significant capital expenditure on deferred maintenance, system upgrades (plumbing, electrical), and general modernization.
Incomplete ADU Requires Investment: While an opportunity, the ADU is not yet complete, necessitating additional financial investment, time, and project management from the buyer to realize its full income potential.
Potential for Extensive Renovation: Given the property's age and multi-unit nature, it's highly probable that the existing units may require substantial renovation or upgrades to maximize rental income and tenant satisfaction, representing a significant unstated cost.

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