Toberman House - a beautifully restored 1899 Historic Victorian in the South Park / Pico-Union area, blocks from Downtown LA, LA Live and Metro. Offered at $1,100,000. Five legal units (studios, a one-bedroom and a two-bedroom) plus an on-site parking space, fully renovated in 2022 with mini-split A/C and in-unit laundry hookups. Priced at an 8.08% in-place cap rate on the buyer's reassessed tax basis, with contracted lease-up and mark-to-market on housing-assisted units for stable, government-supported cash flow. Buyer to verify all figures, unit legality and square footage.
| MLS # | SR26162861 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active |
| Year | 1899 |
| Days On Site | 63 |
| Listing Provided By | Altman Apartments LLC | Logan Altman |
| SQ Feet | 2,934 |
|---|---|
| Story(s) | 2 |
| Units | 5 |
| Building(s) | 1 |
| Zoning | LARD1.5 |
| Acreage | 0.08 |
| Lot Features | Near Public Transit |
|---|
| Garage Yes / No | No |
|---|
| Sewer | Public Sewer |
|---|
| Community Features | Curbs |
|---|
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90015 |
| Area | C42 Downtown L.A. |
| Listing VS Median (in 90015) | |
Price: $1,100,000 low | high Med: $510,000 sqft: 2,934 low | high Med: 890 $ / sqft: $375 low | high Med: $573 On site: 63 low | high Med: 118 | |
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90015 |
| Area | C42 Downtown L.A. |
| Listing VS Median (in 90015) | |
Price: $1,100,000 low | high Med: $510,000 sqft: 2,934 low | high Med: 890 $ / sqft: $375 low | high Med: $573 On site: 63 low | high Med: 118 | |