Details
A unique and versatile opportunity to purchase two rental building situated on street to street adjoining lots. Located a few blocks from the heart of DTLA in close proximity to the Staples Center and LA Live; the epicenter of iconic Los Angeles. 1336 Toberman St (APN 5135-033-028) consists of 8 units (one NC) including 4 singles, 2 bachelors, and 2 two-bedroom/one-bathroom rental units. The parking lot of Toberman backs up to the parking lot of 1335 Valencia St (APN 5135-033-006); a quadruplex with 4 two-bedroom/one-bathroom units. Acquire this portfolio in a booming marketplace with significant upside. Embrace the potential for future development in this rapidly appreciating rental pocket! Disclosure: Tax record shows 12 units & LAHD shows 12 RSO units; CofOs state 6 units plus guest room for Toberman and 4 units for Valencia. Buyer to independently verify information pertaining to the above including the possibility of splitting the lots. Gross income exceeds $126,000 per year!!
