2112 Toberman St
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2112 Toberman St
6 Unit Apartment Building $1,595,000 ($265,833/Unit) 6.19% Cap Rate Los Angeles, CA 90007
Investment Highlights
- Best Cap Rate and GRM in the USC Patrol Zone
- Going in at an 10.85 GRM and 6.19% Cap Rate, stabilizes at 8.12 GRM and 9.20% Cap Rate.
- Perfect for Students, 2112 Toberman is steps from USC's Campus
- Newly Built 3-Bed/3-Bath ADU highlights an attractive unit mix of (1) Studio, (3) 1-Bed/1-Bath, (1) 2-Bed/2-Bath and (1) 3- Bed/3-Bath ADU
- Two Vacant and renovated units, ready for the owner to capitalize on the location.
Executive Summary
Situated in the vibrant USC Patrol Zone of Los Angeles, CA, 2112 Toberman Ave offers a remarkable investment opportunity. This multi-unit property comprises six well appointed units, including a brand-new 3-Bed/3-Bath ADU that adds a modern touch to the portfolio. Priced aggressively at 10.85 GRM and 6.19% Cap rate, this property is the best income you'll find this close to campus.
The two recently renovated units stand ready for occupancy, providing immediate income potential or the
chance to attract premium tenants. Located strategically near USC, Downtown LA, and major transit routes, this property ensures a steady flow of potential renters. The meticulous maintenance of the property guarantees a hassle-free ownership experience. A standout feature of this investment is the brand-new ADU, offering four bedrooms and three bathrooms, perfect for contemporary living arrangements. This addition further enhances the property's appeal and rental potential. With significant potential for property
appreciation over time, this investment promises both stability and long-term growth. Don't miss this rare opportunity to secure a promising investment in a dynamic and evolving neighborhood.
The two recently renovated units stand ready for occupancy, providing immediate income potential or the
chance to attract premium tenants. Located strategically near USC, Downtown LA, and major transit routes, this property ensures a steady flow of potential renters. The meticulous maintenance of the property guarantees a hassle-free ownership experience. A standout feature of this investment is the brand-new ADU, offering four bedrooms and three bathrooms, perfect for contemporary living arrangements. This addition further enhances the property's appeal and rental potential. With significant potential for property
appreciation over time, this investment promises both stability and long-term growth. Don't miss this rare opportunity to secure a promising investment in a dynamic and evolving neighborhood.
Data Room Click Here to Access
Financial Summary (Actual - 2022) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$147,072
|
$31.74
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$4,412
|
$0.95
|
| Effective Gross Income |
$142,660
|
$30.79
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$43,891
|
$9.47
|
| Net Operating Income |
$98,769
|
$21.32
|
Financial Summary (Actual - 2022)
| Gross Rental Income | |
|---|---|
| Annual | $147,072 |
| Annual Per SF | $31.74 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $4,412 |
| Annual Per SF | $0.95 |
| Effective Gross Income | |
|---|---|
| Annual | $142,660 |
| Annual Per SF | $30.79 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $43,891 |
| Annual Per SF | $9.47 |
| Net Operating Income | |
|---|---|
| Annual | $98,769 |
| Annual Per SF | $21.32 |
Property Facts
| Price | $1,595,000 | Apartment Style | Low Rise |
| Price Per Unit | $265,833 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 6.19% | Building Size | 4,633 SF |
| Gross Rent Multiplier | 10.85 | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1961 |
| Property Subtype | Apartment | Parking Ratio | 0.65/1,000 SF |
| Price | $1,595,000 |
| Price Per Unit | $265,833 |
| Sale Type | Investment |
| Cap Rate | 6.19% |
| Gross Rent Multiplier | 10.85 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 4,633 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 0.65/1,000 SF |
Site Amenities
- Fenced Lot
- Property Manager on Site
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Walk Score ®
Walker's Paradise (91)
Transit Score ®
Excellent Transit (80)
Bike Score ®
Very Bikeable (88)
PROPERTY TAXES
| Parcel Number | 5124-014-010 | Improvements Assessment | $312,120 (2024) |
| Land Assessment | $832,320 (2024) | Total Assessment | $1,144,440 (2024) |
PROPERTY TAXES
Parcel Number
5124-014-010
Land Assessment
$832,320 (2024)
Improvements Assessment
$312,120 (2024)
Total Assessment
$1,144,440 (2024)
zoning
| Zoning Code | LARD1.5 |
| LARD1.5 |
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2112 Toberman St
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