1715 Toberman St, Los Angeles, CA, 90015
About This Home
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.
Getting Around
Very Walkable
Excellent Transit
Very BikeableSchools
Construction
Condition
- Year built: 1924
Materials
- Construction materials: Stucco,Wood Siding
Type & Style
- Home type: MultiFamily
- Architectural style: Craftsman
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Refrigerator,Range/Oven,Gas Water Heater
- Laundry features: None
Bedrooms & Bathrooms
- Bedrooms: 12
- Bathrooms: 6
Features
- Fireplace features: None
Heating & Cooling
- Heating features: Wall
- Cooling features: Wall/Window Unit(s)
Interior Area
- Total structure area: 4,525
- Total interior livable area: 4,525 sqft
Property
Details
- Parcel number: 5135025014
- Zoning: LARD1.5
- Special condition: Standard
Features
- Levels: Multi/Split
- Stories: 2
- Entry location: Ground Level w/steps
- Pool features: None
- Patio & porch: Front Porch
- Spa features: None
- Has view: Yes
- View description: City
- Waterfront features: None
Lot
- Lot size: 9,347 sqft
- Features: 2-4 Lots,Lot-Level/Flat,City Lot
- Lot size dimensions: 88 x 106
Parking
- Parking features: Off Site
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Heat Wave
- Wildfire
How This Home’s Risks Compare
FEMA Declared Disasters in Los Angeles County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,654 | $31,848 |
| Home Insurance * | $98 | $1,176 |
| Property Taxes | $293 | $3,516 |
| Electricity | $970 | $11,643 |
| Total | $4,015 | $48,180 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-29 | Price change | $1,100,000 |
| 2026-04-06 | Price change | $1,200,000 |
| 2026-03-20 | Price change | $1,288,000 |
| 2025-02-12 | Price change | $888,000 |
| 2025-01-21 | Price change | $988,000 |
| 2025-01-03 | Price change | $1,088,000 |
| 2024-11-22 | Price change | $1,298,000 |
| 2024-10-10 | Listed for sale | $1,398,000 |
For Sale by Agent
View on Zillow