1034 S Herbert Street, East Los Angeles, CA 90023

  • $2,210,000
1034 S Herbert Street, East Los Angeles, CA 90023
Active
1034 S Herbert Street, East Los Angeles, CA 90023
1034 S Herbert Street, East Los Angeles, CA 90023
  • $2,210,000

Description

7 Large Units in LA county with Huge Lot Built in 1992. Great actual income with 6.27% CAP rate. New rent start on 12/1/25. The rents are still well below market, giving the buyer tremendous potential to increase income further. Convenient location: about 5 miles to Monterey Park & Downtown LA, 7 miles to Alhambra and 8 miles to South Pasadena. Close to USC Medical Center, Cal State LA, Boyle Heights and employment hubs. Walking distance to shops, schools, and neighborhood dining. Centrally located near Arts District. Vibrant cultural community with strong rental demand. Minutes to major freeways (I-5, I-10, 710 & 60) . Easy commuter access. This is a value-add investor’s dream: long-term tenants, below-market rents, and immediate to get cash flow and for growth & appreciation. Ample parking spaces, with a total of 16 parking spots. Due to the large lot size and abundant parking, there is potential to add ADUs. If feasible, the buyer’s potential income could further increase, but the buyer must verify with the city. The property equipped with security cameras.

  • Address 1034 S Herbert Street
  • State/county CA
  • Zip/Postal Code 90023
  • Country US

Details

Updated on November 26, 2025 at 2:38 am
  • Property ID: AR25218001
  • Price: $2,210,000
  • Property Size: 5616 Square Feet
  • Land Area: 0.272 Acres
  • Garage Size: x x
  • Year Built: 1992
  • Property Type: Residential Income, Apartment
  • Property Status: Active

Contact Information

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Hoyt Hochman

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  • Hoyt Hochman