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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.
| DAYS ON MARKET | 1 | LAST UPDATED | 3/20/2026 |
|---|---|---|---|
| YEAR BUILT | 1924 | COMMUNITY | C42 - Downtown L.A. |
| COUNTY | Los Angeles | STATUS | Active |
| PROPERTY TYPE(S) | Residential Income |
| ADDITIONAL DETAILS | |
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Refrigerator |
| AREA | C42 - Downtown L.A. |
| CONSTRUCTION | Stucco, Wood Siding |
| HEAT | Wall Furnace |
| LOT | 9344 sq ft |
| LOT DIMENSIONS | 88x106 |
| PARKING | Off Site |
| POOL DESCRIPTION | None |
| SEWER | Other |
| STORIES | Split/Multi Level |
| STYLE | Craftsman |
| VIEW | Yes |
| VIEW DESCRIPTION | City Lights |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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Based on information from California Regional Multiple Listing Service, Inc. as of 3/20/26 7:30 PM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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