$1,288,000

1715 Toberman Street, Los Angeles, CA 90015

4,525 sqft

other
Built in 1924
9,148sqft lot
—— car garage
$285/sqft
Listed 12 days ago

Property Description

1711-1715 Toberman Street is a rare value-add multifamily opportunity consisting of 12 units across two adjacent LARD1.5-zoned parcels totaling 9,344 square feet in South Los Angeles. The property is improved with four separate buildings and includes a diverse mix of SRO and single units, plus a rear studio ADU that is approximately 45% complete. Located in a strong Downtown Los Angeles-adjacent rental corridor, the asset offers investors immediate upside through management and rent optimization, with current rents estimated to be roughly 30% below market. Major systems have been updated, reducing near-term capital needs, while the adjacent lot configuration and favorable zoning provide future flexibility for additional improvements or future development. Toberman offers a compelling combination of in-place cash flow, rental upside, ADU income potential, and long-term land value in a centrally located Los Angeles submarket. The large side-by-side lots create a strategic advantage rarely found at this price point. An investor can benefit from both near-term income growth and longer-term expansion potential. The location near employment, entertainment, transit, and civic hubs further supports tenant demand and long-term appreciation.

Listing Status:: Active
Date Added:: March 20, 2026
Data Last Updated:: April 2, 2026 at 12:06AM
Listing Office:: Lyon Stahl Investment Real Estate, Inc. : 310-425-9838
Listing Agent:: William James : 310-600-9858
MLS ID:: CL26667611

Laundry: No Hookups
A/C: Wall/Window Unit(s)
Heating: Wall Furnace

Parking: Off Site

General: StuccoWood Siding

County: Los Angeles

Zoning: LARD1.55135025014
View: City LightsView

Utilities: Other Water/Sewer
Water: Other
Sewer: Other

This listing courtesy of William James , Lyon Stahl Investment Real Estate, Inc.

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Norwood Street Elementary School

2020 Oak St, Los Angeles, CA, 90007

Grades KG-5

0.31 miles away

Sophia T. Salvin Special Education Center

1925 S Budlong Ave, Los Angeles, CA, 90007

Grades KG-10

1.05 miles away

West Adams Preparatory High School

1500 W Washington Blvd, Los Angeles, CA, 90007

Grades 9-12

0.64 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.